PH Price Prediction Next Week
Technical Analysis: Based on the latest price data, PH closed at $679.34 on January 24, 2025, with an RSI(14) of 61.81 indicating a neutral to slightly bullish momentum. The stock is trading above all major moving averages (SMA 5, 10, 20, 60, 200), suggesting a strong uptrend.
Price Targets for Next Week:
- Support levels: $675.05 (recent low), $633.77 (Fibonacci S1)
- Resistance levels: $682.00 (recent high), $691.52 (Fibonacci R2)
News Impact: Recent news indicates Parker-Hannifin has maintained its quarterly dividend of $1.63 per share, demonstrating financial stability. However, there are concerns about increased short-seller activity against industrial stocks, which could create some downward pressure.
Technical Indicators:
- MACD shows positive momentum with MACD line at 3.65 and histogram at 5.81
- Stochastic RSI at 96.23 suggests overbought conditions
- Bollinger Band Position (BBP) at 0.78 indicates price is near the upper band
Price Prediction for Next Week: Based on technical analysis and current market conditions:
- Most likely scenario (60% probability): Range-bound trading between $675-$685
- Target price: $682
- Trading recommendation: HOLD with tight stops at $670
The stock appears slightly overbought in the short term, suggesting limited upside potential next week. While the long-term trend remains bullish, traders should be cautious of potential profit-taking.
PH Similar Chart Price Prediction
The price of PH is predicted to go up -1.3%, based on the high correlation periods with MAT. The similarity of these two price pattern on the periods is 96.47%.
PH
MAT
Down: -1.3%Similarity: 96.47%
PH Revenue Forecast
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PH VS S&P500
Parker Hannifin is one of only a small handful of multi-industrial companies to consistently pay an annually increasing dividend for well over 60 years.
The acquisition of Meggitt, as well as Parker's incorporation of Win Strategy 3.0, should prompt continued strong top-line generation over industrial production, as well as plenty of operating margin expansion.
Parker's culture emphasizes a winning combination of decentralization, lean manufacturing, consistent profitable growth, and focus on the customer.
PH Analyst's Forecast
Nigel Coe
Wolfe Research
Hold → Buy
Price Target
n/a
Upside
0%
Wolfe Research analyst Nigel Coe upgraded Parker-Hannifin to Outperform from Peer Perform.
Jeffrey Hammond
Keybanc
Buy
Price Target
$725 → $775
Upside
+10.29%
Nathan Jones
Stifel
Strong Buy → Hold
Price Target
$691
Upside
-0.1%