The Rounding Bottom is just one piece of the puzzle. See the full technical breakdown.
Gradual reversal from bearish to bullish.
Technical analysis of Parker Hannifin (PH) reveals a significant setup. With a last close of $985.0, volatility remains active (-0.45%). The primary technical feature is a Rounding Bottom formation. Volume is average (0.75x avg) with moderate trend strength (27.3). A potential breakout level is identified at $997.5, targeting $1136.28 with support near $928.11 (R:R 2.0).
What is your outlook on PH?