Parker-hannifin Corporation | PH

Daily Technical Analysis of Parker-hannifin Corporation

Parker-hannifin is only slightly up on the day, shares traded 0.78% higher on the day.

Currently PH isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Parker-hannifin has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Industrial Products company has grown 71.25 percent which isn't too bad. PH might find some support at the 304.92 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Parker-hannifin By Price Target And Rating

Parker-Hannifin has an overall positive view by the analysts. The current Analysts Sentiment Score is 136.20. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Stifel Nicolaus reiterated a rating of Buy on 2024-03-05 and provided a price target of $588.00. 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. On 2024-02-05 Barclays increased their price target by 11.6% to $558.00. KeyCorp provided a price target boost of 15% to $575.00 from $500.00 on 2024-02-02. 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 . On 2023-11-09 there was an upgrade provided by Deutsche Bank Aktiengesel from Hold to Buy and moved up their price target to $506.00 which is a 9.52% increase. Bank of America announced an upgrade on 2023-10-05 from Neutral to Buy and moved up their price target to $475.00 which is a 9.2% increase.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
PH	136.20	162.48	-21.65	131.56	0

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-25)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
PH	0.00	0.00

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.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
PH	1.33	%0.9	1.7	2.97	1140000

How Parker-Hannifin compares to the broader Industrials sector and the more specific Industrial Products industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Industrial Products Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	81	0.65	1.51	-3.62	6.61	27.38	37.24	52.17	71.97	36.48	46.35	-3328.89	-24598.72	17.59	2.78	3.55	22.26
Industrials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	293	0.42	1.01	-3.73	3.79	23.77	29.40	48.94	56.15	29.16	37.12	-6623.90	-20172.85	14.33	7.08	3.66	21.56

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.

Ticker	Social Sentiment(1-10)
PH

Companies with the highest correlation to Parker-Hannifin

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
ITT \| ITT Inc.	1.46	0.81	4.33	-2.10	5.74	40.61	57.13	53	325.73	113.61	120.18	-1221.61	-42505.43	0	1.7245
ETN \| Eaton Corporation, plc Or	1.38	2.27	5.26	3.93	22.58	65.00	93.07	60	230.15	80.23	129.34	0.00	-61947.10	0	1.33268
EMN \| Eastman Chemical Company	1.33	-0.59	-1.55	-4.73	12.61	36.32	18.62	74	23.17	15.69	14.71	-591.58	-17504.11	0	1.12457
TEL \| TE CONNECTIVITY LTD	1.24	-0.19	-2.48	-2.60	-1.43	19.28	15.50	35	5.47	19.50	27.14	-3865.40	-22108.82	0	0.732096
ARW \| Arrow Electronics, Inc.	1.23	0.60	4.30	-0.35	15.36	14.50	14.49	62	-0.36	-3.07	-6.61	-4436.41	-10912.81	0	7.53772
AME \| Ametek, Inc.	1.22	-0.24	-0.20	-1.63	7.02	26.94	29.22	64	135.93	32.77	47.83	0.00	-40991.07	0	1.4047
JCI \| Johnson Controls Internat	1.19	1.02	0.73	-0.03	20.51	33.18	9.67	86	10.47	6.23	5.19	-2534.83	-9091.95	150	1.65854
BMO \| Bank of Montreal	1.18	-1.95	-2.24	-6.86	-3.40	18.54	1.51	63	3.98	8.44	10.92	173.43	-12347.01	0	12.7416

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