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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30.
As of today (2024-12-14), Parker Hannifin's 14-Day RSI is 42.27.
The industry rank for Parker Hannifin's 14-Day RSI or its related term are showing as below:
For the Specialty Industrial Machinery subindustry, Parker Hannifin's 14-Day RSI, along with its competitors' market caps and 14-Day RSI data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Industrial Products industry and Industrials sector, Parker Hannifin's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Parker Hannifin's 14-Day RSI falls into.
The formula for calculating RSI is:
RSI | = | 100 | – | [ 100 | / | ( 1 + Average Gain | / | Average Loss )] |
* Note that the formula uses a positive value for the average loss.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Parker Hannifin (NYSE:PH) 14-Day RSI Explanation
The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.
Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.
RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections.
Thank you for viewing the detailed overview of Parker Hannifin's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Scaminace | director | C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115 |
Berend Bracht | officer: VP & Pres.-Motion Systems Grp. | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Dinu J Parel | officer: VP - Chief Information Officer | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124-4141 |
Thomas C Gentile | officer: VP-Global Supply Chain | C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Jennifer A Parmentier | officer: VP, Pres-Engineered Materials | 6035 PARKLAND BLVD, CLEVELAND OH 44124 |
Robert W Malone | officer: VP, President--Filtration Grp | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Andrew D Ross | officer: VP and President - Seal Group | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Mark J Hart | officer: EVP - HR & External Affairs | 6035 PARKLAND BLVD, CLEVELAND OH 44124 |
James Verrier | director | 3850 HAMLIN ROAD, AUBURN HILLS MI 48326 |
Angela R Ives | officer: Vice President and Controller | PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Joseph R Leonti | officer: VP, General Counsel, Secretary | 6035 PARKLAND BLVD, CLEVELAND OH 44124 |
Rachid Bendali | officer: VP & Pres.- Eng. Mat. Grp. | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Mark T Czaja | officer: VP-Chief Technology & Innov. | PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Denise R. Fleming | director | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Todd M. Leombruno | officer: VP & Controller | C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
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