Moving Average Analysis of PH

From the largest and most comprehensive Analysis Site on the web.

From the Weekend Report 11/12/2010: In relation to the 200 bar moving average, PH appears to be in phase 2 of the long term oscillation cycle. While still 23.00 % above the line, the gap has closed some since the end of last week.

PH: Recent Averages with Candlestick Chart.

More than 70 Hi-Rez charts daily for Parker-Hannifin Corporation:

Predictions

Support and Resistance

Frequency Analysis

Japanese CandleSticks

Technical Oscillators

Sliding Stops

Stratification Analysis

Politics and Prices

Classical Time Series

Risk-Volatility

Bernoulli Analysis

Momentum Investing

Sentiment

Seasonal Trends

Back to PH Table of Contents

Different ways of averaging are tested on PH stock prices for their ability to predict trend movements. Techniques available include moving weighted or exponential averages of various periods and the family of MACD (Moving Average Convergence Divergence) indicators.

Unfortunately, some of the most popular indicators of this type can prove to be the worst forcasting indicators. The effectiveness of these methods as applied to PH stock price trend evaluation is tested on the next page.

Red is the 200 bar SMA and Green is the 20 bar average. The Simple Moving Averages above are un-weighted. While unsophisticated, they frequently yield better results than some of the more highly tuned methods examined in following sections. It is always possible to fine tune an exponential or other weighted average so that it seems to outperform a simple average in a given situation. However, over-tuning can increase false and misleading indicators. Norman G. Fosback has noted that legitimate signals of this sort will normally be evident through a variety of averaging methods.

	Companies In the News
	Monday, November 15, 2010: We have news on PG&E Corporation, ticker symbol PCG. A significant moving average event has happened. Also, there are breaking events concerning Cree, Inc. and Abbott Laboratories. From the News Archive: (11/12/2010 ) A favorable event happened at PetSmart, Inc. Meanwhile, bad news came from Intel, Chesapeake Energy Corporation, and JP Morgan Chase.

MACD analysis would appear perfect for overtuning, since it may use any of an infinite number of averaging methods and coefficients. In addition to crossover signals from various moving averages, analysts frequently add a trigger line based on some average of the first two averages. Here we depict the results of 12 and 26 session Exponential Moving Averages. The exponential coefficient used here is .18. There is nothing magic about these parameters, but these are frequently seen.

Float the cursor for a longer term chart.

Moving Average Convergence Divergence, or MACD, produces buy or sell signal that are color tinted here.

	.
Moving Avg. 20/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 28 instances
Future30SesAvgClose	2.50 % minus 1.14 % = 1.36 %	11.54 %
Future5SesAvgClose	0.76 % minus 0.22 % = 0.54 %	27.28 %
Future2SesAvgClose	0.75 % minus 0.11 % = 0.64 %	81.75 %
Sell Signals - 28 instances
Future30SesAvgClose	0.22 % minus 1.14 % = -0.92 %	-7.76 %
Future5SesAvgClose	0.15 % minus 0.22 % = -0.07 %	-3.47 %
Future2SesAvgClose	0.32 % minus 0.11 % = 0.21 %	27.17 %
	.
Moving Avg. 5/20 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 176 instances
Future30SesAvgClose	0.81 % minus 1.14 % = -0.32 %	-2.75 %
Future5SesAvgClose	0.08 % minus 0.22 % = -0.14 %	-6.97 %
Future2SesAvgClose	0.16 % minus 0.11 % = 0.05 %	6.42 %
Sell Signals - 176 instances
Future30SesAvgClose	1.49 % minus 1.14 % = 0.35 %	2.99 %
Future5SesAvgClose	0.43 % minus 0.22 % = 0.21 %	10.68 %
Future2SesAvgClose	0.13 % minus 0.11 % = 0.02 %	2.26 %
	.
Moving Avg. 5/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 45 instances
Future30SesAvgClose	1.56 % minus 1.14 % = 0.43 %	3.61 %
Future5SesAvgClose	-0.08 % minus 0.22 % = -0.30 %	-15.44 %
Future2SesAvgClose	-0.13 % minus 0.11 % = -0.24 %	-30.46 %
Sell Signals - 45 instances
Future30SesAvgClose	2.44 % minus 1.14 % = 1.30 %	11.01 %
Future5SesAvgClose	0.27 % minus 0.22 % = 0.05 %	2.43 %
Future2SesAvgClose	0.16 % minus 0.11 % = 0.05 %	5.87 %
	.
MACD 12/26 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 571 instances
Future30SesAvgClose	0.92 % minus 1.14 % = -0.21 %	-1.79 %
Future5SesAvgClose	0.15 % minus 0.22 % = -0.07 %	-3.67 %
Future2SesAvgClose	0.09 % minus 0.11 % = -0.02 %	-2.46 %
Sell Signals - 572 instances
Future30SesAvgClose	1.00 % minus 1.14 % = -0.14 %	-1.18 %
Future5SesAvgClose	0.18 % minus 0.22 % = -0.04 %	-1.88 %
Future2SesAvgClose	0.04 % minus 0.11 % = -0.07 %	-8.74 %
	.
MACD 12/26 Signal	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 798 instances
Future30SesAvgClose	0.96 % minus 1.14 % = -0.18 %	-1.52 %
Future5SesAvgClose	0.30 % minus 0.22 % = 0.08 %	4.07 %
Future2SesAvgClose	0.24 % minus 0.11 % = 0.13 %	16.05 %
Sell Signals - 798 instances
Future30SesAvgClose	0.83 % minus 1.14 % = -0.30 %	-2.56 %
Future5SesAvgClose	0.16 % minus 0.22 % = -0.06 %	-2.83 %
Future2SesAvgClose	0.15 % minus 0.11 % = 0.04 %	4.79 %
	.
Calibrated M by Q Half Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 318 instances
Future30SesAvgClose	0.85 % minus 1.14 % = -0.28 %	-2.39 %
Future5SesAvgClose	0.38 % minus 0.22 % = 0.16 %	8.18 %
Future2SesAvgClose	0.19 % minus 0.11 % = 0.08 %	10.55 %
Sell Signals - 318 instances
Future30SesAvgClose	0.64 % minus 1.14 % = -0.50 %	-4.21 %
Future5SesAvgClose	0.22 % minus 0.22 % = 0.00 %	0.02 %
Future2SesAvgClose	0.09 % minus 0.11 % = -0.02 %	-2.54 %
	.
Calibrated M by Q Full Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 218 instances
Future30SesAvgClose	1.64 % minus 1.14 % = 0.51 %	4.31 %
Future5SesAvgClose	0.48 % minus 0.22 % = 0.26 %	13.40 %
Future2SesAvgClose	0.25 % minus 0.11 % = 0.14 %	17.24 %
Sell Signals - 218 instances
Future30SesAvgClose	1.16 % minus 1.14 % = 0.02 %	0.20 %
Future5SesAvgClose	0.33 % minus 0.22 % = 0.11 %	5.46 %
Future2SesAvgClose	0.06 % minus 0.11 % = -0.05 %	-5.77 %
	.
Projected Crossing of SMA 20/200.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 35 instances
Future30SesAvgClose	2.00 % minus 1.14 % = 0.87 %	7.33 %
Future5SesAvgClose	0.23 % minus 0.22 % = 0.01 %	0.37 %
Future2SesAvgClose	0.17 % minus 0.11 % = 0.06 %	8.04 %
Sell Signals - 32 instances
Future30SesAvgClose	1.21 % minus 1.14 % = 0.08 %	0.64 %
Future5SesAvgClose	0.68 % minus 0.22 % = 0.46 %	23.28 %
Future2SesAvgClose	0.15 % minus 0.11 % = 0.04 %	4.64 %
	.
Projected Crossing of SMA 5/20.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 229 instances
Future30SesAvgClose	1.26 % minus 1.14 % = 0.12 %	1.05 %
Future5SesAvgClose	0.42 % minus 0.22 % = 0.20 %	10.26 %
Future2SesAvgClose	0.19 % minus 0.11 % = 0.08 %	10.51 %
Sell Signals - 182 instances
Future30SesAvgClose	1.35 % minus 1.14 % = 0.22 %	1.84 %
Future5SesAvgClose	0.02 % minus 0.22 % = -0.20 %	-10.11 %
Future2SesAvgClose	0.05 % minus 0.11 % = -0.06 %	-7.12 %
	.

The best buy signal for 30 future sessions was 1.36 % from the Moving Avg. 20/200 Divergence,and the best sell signal for was -0.92 % from the Moving Avg. 20/200 Divergence.

For 5 future sessions the best buy signal was 0.54 % from the Moving Avg. 20/200 Divergence,and the best sell signal was -0.20 % from the Projected Crossing of SMA 5/20..

The best buy signal for 2 future sessions was 0.64 % from the Moving Avg. 20/200 Divergence,and the best sell signal was -0.07 % from the MACD 12/26 Divergence.

Today's Free Reports | Meet the Analysts | Member Sign In | Stock-Predictions dot Com Home Page

For Subscribers: Advanced Analysis of the Price Behavior Surface for Parker-Hannifin Corporation

Detailed Average Level Analysis for PH :

Contents of non-member pages are delayed. New information may have voided the predictions shown here. Associates of Stock-Predictions.Com or Hybrid Technical may hold positions in issues covered here.

Our Pledge of Independence: We do not utilize any reporting or analysis that comes directly or indirectly from brokerage or banking firms.

Note: Free pages are for entertainment and academic purposes only. We do not advise anyone to buy or sell stocks or funds. We do not recommend the purchase or sale of this or any other issue. Research shows that most people who trade securities will lose money. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited. Charts are provided by permission from Hybrid Technical. All Rights Reserved. All Content is Copyright 2010 by Stock-Predictions.Com

This site and Hybrid Technical shall not be liable for any errors in the content, or for any actions taken in reliance thereon.