CARRIER GLOBAL CORP (CARR) Stock Technical Analysis
USA - NYSE:CARR - US14448C1045 - Common Stock
59.74 USD
-0.57 (-0.95%)
59.74 USD
0 (0%)
Overall CARR gets a technical rating of 0 out of 10. CARR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CARR is a bad performer in the overall market: 91% of all stocks are doing better.
CARR is part of the Building Products industry. There are 41 other stocks in this industry, of which 80% are performing better than CARR.
CARR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CARR has a been trading in the 59.44 - 68.06 range, which is quite wide. It is currently trading near the lows of this range.
CARR has an average volume of 5503160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CARR has a poor technical rating and the quality of the setup is also not perfect 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
56.60
82.43
We found 2 important support areas.
- Support @59.01 from a trend line in the weekly time frame.
- Support @57.17 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 60.35 to 61.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 63.03 to 63.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 67.05 to 67.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.61 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CARR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CARR is down. |
| ChartMill Relative Strength | 9.08 | NEGATIVE | CARR has a low relative strength, it was outperformed by 90.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CARR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CARR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CARR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.65 | NEUTRAL | The RSI value for CARR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CARR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.46 | OVERSOLD | The low Stochastics value suggests CARR may be oversold. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CARR suggests some volalility. |
| Average Directional Index/ADX (14) | 35.13 | 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)
59.74
-0.57 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.95%
1 Week-1.95%
2 Weeks-5.88%
1 Month-9.48%
3 Month-18.91%
6 Month-5.67%
12 Month-25.81%
2 Year8.22%
3 Year68%
5 Year95.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.7
ATR(20)%2.91%
ATR Inc-41.17%
Range Today1.38
ADR(20)1.62
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.08
Mansfield-2.28
10 Day High64.8
10 Day Low59.44
20 Day High68.06
20 Day Low59.44
52 Week High83.32
52 Week Low54.22
CS1 End59.01
CR1 Start60.35
Volume & EV
DER(3)0.14%
DER(5)1.54%
Volume5.20M
Volume Incr-14.5%
Vol(5)5.39M
Vol(50)5.50M