CARRIER GLOBAL CORP (CARR) Stock Technical Analysis
NYSE:CARR - New York Stock Exchange, Inc. - US14448C1045 - Common Stock - Currency: USD
Overall CARR gets a technical rating of 7 out of 10. Although CARR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CARR has an average volume of 5352310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CARR did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CARR is part of the Building Products industry. There are 42 other stocks in this industry, CARR did better than 63% of them.
CARR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CARR is lagging the market.
In the last month CARR has a been trading in the 69.31 - 76.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CARR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 72.20, a Stop Loss order could be placed below this zone.
More info and screens
58.01
77.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 70.34 to 72.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.60 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 74.85 to 75.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @76.68 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CARR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARR is up. |
| ChartMill Relative Strength | 72.4 | POSITIVE | CARR has a high relative strength, it outperformed 72.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CARR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.7 | NEUTRAL | The RSI value for CARR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CARR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.53 | NEUTRAL | The Stochastics value for CARR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for CARR suggests low volalility. |
| Average Directional Index/ADX (14) | 22.72 | NEUTRAL | The ADX value for CARR suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 72.82 | 70.33 | 2.49 (3.42%) | 25.00% |
| An entry @72.82. This is a Buy Stop order right above the 10 day high. | An exit @70.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.49 points, which is 3.42%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
72.48
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg0%
1 Week1.51%
2 Weeks1.5%
1 Month-1.2%
3 Month8.94%
6 Month-0.73%
12 Month12.63%
2 Year45.81%
3 Year103.25%
5 Year226.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.18
ATR(20)%1.92%
ATR Inc-25.53%
Range Today0.86
ADR(20)1.29
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.4
Mansfield-0.11
10 Day High72.81
10 Day Low69.31
20 Day High76.63
20 Day Low69.31
52 Week High83.32
52 Week Low54.22
CS1 End72.2
CR1 Start74.85
Volume & EV
DER(3)1.84%
DER(5)0.77%
Volume4.13M
Volume Incr-6.05%
Vol(5)4.71M
Vol(50)5.35M