Parker-Hannifin(PH)
Auto-detected technical analysis for PH · data as of Jul 22, 2026. The chart above is live; the read below updates daily.
PH is currently forming a falling wedge on the daily timeframe. Detected Jul 22, 2026.
A falling wedge usually breaks higher, but PH is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $693.87 (−17.6%). Across 10,683 backtested falling wedges, the setup followed through 56.4% of the time, averaging +0.52R; PH's own falling wedges have hit 65.5%.
New to this pattern? What a falling wedge is and how to trade it →
PH's most recent completed rising wedge (which broke against type) resolved as a win: it broke higher on Jan 13, 2026 near $937.62, then reached its target at $1,009.18 on Feb 27, 2026 — a 7.6% move (+0.95R) over 31 sessions. Across 123 backtested rising wedges, this setup wins 50.4% of the time.
Historical pattern statistics (1987-01-30 – 2026-07-17), not a prediction.
Every completed pattern trade our nightly backtest found on PH's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Rising Wedge | Jan 13, 2026 @ $937.62 | Feb 27, 2026 @ $1,009.18 | Win | +7.7% · +0.95R |
| Rising Wedge | Sep 16, 2025 @ $759.24 | Nov 6, 2025 @ $834.15 | Loss | +7.2% · -3.65R |
| Rising Wedge | Jul 30, 2025 @ $732.21 | Aug 12, 2025 @ $752.04 | Loss | +9.6% · -1.51R |
| Bullish Pennant | Jun 24, 2025 @ $675.55 | Jul 15, 2025 @ $708.64 | Win | +7.6% · +1.14R |
| Falling Wedge | Jul 10, 2024 @ $516.92 | Jul 24, 2024 @ $529.26 | Win | +10.3% · +0.61R |
| Rising Wedge | Jul 21, 2023 @ $402.41 | Jul 31, 2023 @ $410.01 | Loss | +12.2% · -1.05R |
| Triangle | Jun 6, 2023 @ $341.40 | Jul 6, 2023 @ $378.96 | Win | +10.3% · +1.69R |
| Triangle | May 23, 2023 @ $329.58 | Jun 6, 2023 @ $346.58 | Loss | +9.1% · -1.46R |
| Triangle | Apr 27, 2023 @ $322.23 | Jul 6, 2023 @ $378.96 | Win | +16.7% · +4.60R |
| Triangle | Jul 19, 2022 @ $251.89 | Aug 19, 2022 @ $295.76 | Win | +7.9% · +3.31R |
| Falling Wedge | Jun 15, 2022 @ $251.35 | Jul 29, 2022 @ $289.09 | Loss | +12.8% · -1.15R |
| Falling Wedge | Jun 1, 2022 @ $274.87 | Jun 13, 2022 @ $253.15 | Loss | +14.9% · -1.01R |
Historical examples from the published simulation. This selection is not a win-rate sample.
Price found a floor near $857.24 about 7 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $978.01 — still about 0.8% away.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Jul 22, 2026 | $967.99 | $975.00 | $962.80 | $970.77 |
| Jul 21, 2026 | $966.21 | $971.11 | $948.55 | $959.58 |
| Jul 20, 2026 | $956.01 | $964.00 | $942.24 | $950.79 |
| Jul 17, 2026 | $945.92 | $972.26 | $934.38 | $953.21 |
| Jul 16, 2026 | $949.97 | $977.40 | $947.08 | $958.34 |
| Jul 15, 2026 | $959.23 | $964.00 | $941.87 | $952.95 |
| Jul 14, 2026 | $963.02 | $966.48 | $953.10 | $964.55 |
| Jul 13, 2026 | $958.99 | $966.09 | $948.82 | $951.26 |
| Jul 10, 2026 | $948.05 | $964.68 | $944.96 | $961.27 |
| Jul 9, 2026 | $953.77 | $957.75 | $941.36 | $949.17 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.