CARRIER GLOBAL CORP (CARR)
US14448C1045 - Common Stock
We assign a technical rating of 9 out of 10 to CARR. In the last year, CARR was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that CARR is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by CARR over the past year are nicely spread over this period.
CARR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CARR is lagging the market slightly.
CARR has an average volume of 4069890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CARR is part of the Building Products industry. There are 40 other stocks in this industry, CARR did better than 69% of them.
In the last month CARR has a been trading in the 60.97 - 66.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CARR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 65.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.80, a Stop Loss order could be placed below this zone.
More info and screens
51.23
66.88
5 important support areas can be observed.
- A support zone ranging from 62.70 to 63.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.26 to 61.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.90 to 55.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 53.43 to 54.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.75 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 65.65 to 66.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.96
Mansfield0.03
10 Day High64.83
10 Day Low60.97
20 Day High66.5
20 Day Low60.97
52 Week High66.5
52 Week Low45.68
Performance
1 Week2.62%
2 Weeks1.84%
1 Month-1%
3 Month12.8%
6 Month12.24%
12 Month37.27%
2 Year80.45%
3 Year32.41%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.09
RSI(14)56.18
LBB61.14
UBB65.02
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 66.23 | 62.69 | 3.54 (5.35%) | 18.71% |
| An entry @66.23. This is a Buy Stop order right above the resistance zone. | An exit @62.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.54 points, which is 5.35%. | When investing 18.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CARRIER GLOBAL CORP
NYSE:CARR (6/14/2024, 7:04:00 PM)
After market: 64.8 +0.45 (+0.7%)64.35
+0.36 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg0.56%
1 Week2.62%
2 Weeks1.84%
1 Month-1%
3 Month12.8%
6 Month12.24%
12 Month37.27%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.64
ATR(20)%2.39%
ATR Inc
Range Today1.73
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High64.83
10 Day Low60.97
20 Day High66.5
20 Day Low60.97
52 Week High66.5
52 Week Low45.68
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.40M
Volume Incr-2.59%
Vol(5)3.36M
Vol(50)4.07M