Parker-hannifin Corporation | PH

Daily Technical Analysis of Parker-hannifin Corporation

Parker-hannifin had a nice pop today and is currently up 3.14% we'll see if the cash keeps flowing in. It looks like PH may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. The Industrial Products company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.

If the price bounces off of the support and moves up it'll probably head up to the $625.83 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Parker-hannifin By Price Target And Rating

The analysts are pretty neutral on Parker-Hannifin right now, so not much useful information here. The current Analysts Sentiment Score is 2.49. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Mizuho gave a boost to their price target and moved to $550.00 from $490.00 on 2024-05-03. Truist Financial decided to move up their price target on 2024-05-03 to $611.00 which is a 1.5% increase. On 2024-05-03 Barclays lowered their price target by -1.12% to $618.00. KeyCorp provided a price target boost of 11.3% to $640.00 from $575.00 on 2024-04-11. On 2024-04-03 Stifel Nicolaus increased their price target by 6.97% to $629.00. TD Cowen upgraded from Underperform to Market Perform on 2024-03-01 and moved up their price target to $500.00 which is a 66.67% increase. Evercore ISI provided a price target boost of 16.83% to $590.00 from $505.00 on 2024-02-20. The Goldman Sachs Group reiterated a rating of Buy on 2024-01-02 and provided a price target of $551.00. Wells Fargo & Company boosted their price targ by 13.33% to $510.00 on 2023-12-19. On 2023-12-11 there was confirmation of the previous rating by Wolfe Research which was Outperform .

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Parker-Hannifin

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Parker-Hannifin

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.