Parker Hannifin Stock Technical Analysis

Parker Hannifin Analyst Consensus

Overlap Analysis View

Forecast Models View

Price Shifting View

Volatility Indicators View

Value Movement View

A focus of Parker Hannifin technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parker Hannifin trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Parker Hannifin Technical Analysis

Parker Hannifin Trend Analysis

Use this graph to draw trend lines for Parker Hannifin. You can use it to identify possible trend reversals for Parker Hannifin as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parker Hannifin price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Parker Hannifin Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Parker Hannifin applied against its price change over selected period. The best fit line has a slop of   0.63  , which suggests that Parker Hannifin will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 14957.03, which is the sum of squared deviations for the predicted Parker Hannifin price change compared to its average price change.

Most technical analysis of Parker help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Parker from various momentum indicators to cycle indicators. When you analyze Parker charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Parker stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

When running Parker Hannifin's price analysis, check to measure Parker Hannifin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parker Hannifin is operating at the current time. Most of Parker Hannifin's value examination focuses on studying past and present price action to predict the probability of Parker Hannifin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parker Hannifin's price. Additionally, you may evaluate how the addition of Parker Hannifin to your portfolios can decrease your overall portfolio volatility.