CARRIER GLOBAL CORP (CARR) Stock Technical Analysis
NYSE:CARR - US14448C1045 - Common Stock
66.48 USD
+0.48 (+0.73%)
66.75 USD
+0.27 (+0.41%)
Taking everything into account, CARR scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% of all other stocks performed better in the past year than CARR.
CARR is one of the lesser performing stocks in the Building Products industry. 70% of 41 stocks in the same industry do better.
CARR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CARR has an average volume of 4852130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although the technical rating is bad, CARR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 67.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.32, a Stop Loss order could be placed below this zone.
More info and screens
56.60
82.43
We found 3 important support areas.
- A support zone ranging from 64.88 to 65.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @60.17 from a trend line in the weekly time frame.
- Support @57.17 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 67.75 to 67.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @78.87 from a horizontal line in the daily time frame.
- 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 | 18.46 | NEGATIVE | CARR has a low relative strength, it was outperformed by 81.54% 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) | 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) | 43.2 | NEUTRAL | The RSI value for CARR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests CARR has a positive trend. |
| Stochastics (14,3) | 64.05 | NEUTRAL | The Stochastics value for CARR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CARR suggests some volalility. |
| Average Directional Index/ADX (14) | 29.68 | 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)
66.48
+0.48 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg0.73%
1 Week-0.75%
2 Weeks1.14%
1 Month-7.24%
3 Month-6.63%
6 Month2.59%
12 Month-8.66%
2 Year15.72%
3 Year69.94%
5 Year122.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%2.37%
ATR Inc11.35%
Range Today1.31
ADR(20)1.49
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.46
Mansfield-1.41
10 Day High67.98
10 Day Low64.91
20 Day High71.46
20 Day Low64.54
52 Week High83.32
52 Week Low54.22
CS1 End65.32
CR1 Start67.75
Volume & EV
DER(3)1.33%
DER(5)-0.59%
Volume5.91M
Volume Incr21.83%
Vol(5)6.43M
Vol(50)4.85M