CARRIER GLOBAL CORP (CARR) Stock Technical Analysis
NYSE:CARR - New York Stock Exchange, Inc. - US14448C1045 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CARR. Both in the recent history as in the last year, CARR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
CARR is part of the Building Products industry. There are 42 other stocks in this industry. CARR outperforms 80% of them.
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.
In the last month CARR has a been trading in the 69.49 - 77.28 range, which is quite wide. It is currently trading near the high of this range.
CARR has an average volume of 4962350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CARR is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although CARR has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
58.58
77.45
2 important support areas can be observed.
- A support zone ranging from 69.78 to 75.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.17 from a trend line in the weekly time frame.
We found 1 important resistance area.
- 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 | 80.52 | POSITIVE | CARR has a high relative strength, it outperformed 80.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARR is above the rising 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) | DOWN | MIXED | The current price of CARR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.6 | NEUTRAL | The RSI value for CARR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests CARR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.02 | OVERBOUGHT | The high Stochastics value suggests CARR may be overbought. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for CARR suggests low volalility. |
| Average Directional Index/ADX (14) | 27.67 | POSITIVE | The high ADX value value for CARR suggests a strong 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)
76.62
-0.15 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.2%
1 Week1.28%
2 Weeks5.55%
1 Month5.71%
3 Month29.29%
6 Month15.2%
12 Month16.09%
2 Year28.67%
3 Year89.05%
5 Year181.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%1.64%
ATR Inc20.33%
Range Today1.14
ADR(20)1.2
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.52
Mansfield0.09
10 Day High77.28
10 Day Low72.31
20 Day High77.28
20 Day Low69.49
52 Week High83.32
52 Week Low54.22
CS1 End75.09
CR1 Start76.68
Volume & EV
DER(3)1.21%
DER(5)0.57%
Volume3.81M
Volume Incr-17.94%
Vol(5)3.75M
Vol(50)4.96M