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 0 out of 10. CARR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
66% of all other stocks performed better in the past year than CARR.
In the last month CARR has a been trading in the 66.44 - 81.09 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CARR has an average volume of 4690740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CARR is part of the Building Products industry. There are 41 other stocks in this industry, CARR did better than 52% of them.
CARR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CARR is lagging the market slightly.
The technical rating of CARR is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
56.61
67.59
When analyzing the support we can see 3 important areas.
- Support @66.91 from a horizontal line in the daily time frame.
- Support @59.60 from a trend line in the weekly time frame.
- Support @57.18 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 | NEUTRAL | NEUTRAL | The long term trend for CARR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CARR is down. |
| ChartMill Relative Strength | 34.37 | NEUTRAL | CARR is not amongst the best or worst performers 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) | 31.03 | NEUTRAL | The RSI value for CARR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.38 | NEGATIVE | The MACD value suggests CARR has a negative trend. |
| Stochastics (14,3) | 4.44 | OVERSOLD | The low Stochastics value suggests CARR may be oversold. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for CARR suggests some volalility. |
| Average Directional Index/ADX (14) | 32.22 | 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)
66.92
-1.7 (-2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-2.48%
1 Week-17.11%
2 Weeks-12.67%
1 Month-11.54%
3 Month-6.44%
6 Month2.36%
12 Month4.58%
2 Year16.48%
3 Year71.06%
5 Year124.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.32
ATR(20)%2.99%
ATR Inc-13.48%
Range Today1.56
ADR(20)1.61
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.37
Mansfield-1.15
10 Day High81.09
10 Day Low66.44
20 Day High81.09
20 Day Low66.44
52 Week High83.32
52 Week Low54.22
CS1 End66.91
CR1 StartN/A
Volume & EV
DER(3)0.52%
DER(5)-0.18%
Volume5.45M
Volume Incr118.66%
Vol(5)8.68M
Vol(50)4.69M