CARPENTER TECHNOLOGY (CRS) Stock Technical Analysis
USA - NYSE:CRS - US1442851036 - Common Stock
238.23 USD
+0.11 (+0.05%)
238.23 USD
0 (0%)
We assign a technical rating of 3 out of 10 to CRS. Although CRS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CRS has a been trading in the 228.00 - 266.28 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that CRS is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by CRS over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 4 months ago.
CRS is an average performer in the Aerospace & Defense industry, it outperforms 59% of 70 stocks in the same industry.
CRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRS is lagging the market.
CRS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 238.22, a Stop Loss order could be placed below this zone.
More info and screens
153.81
262.54
When analyzing the support we can see 5 important areas.
- A support zone ranging from 232.39 to 238.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @226.00 from a horizontal line in the daily time frame.
- Support @193.28 from a trend line in the weekly time frame.
- Support @169.86 from a trend line in the weekly time frame.
- Support @155.36 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @239.88 from a trend line in the weekly time frame.
- A resistance zone ranging from 244.21 to 246.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @250.86 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 257.10 to 259.94. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for CRS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRS is down. |
| ChartMill Relative Strength | 80.17 | POSITIVE | CRS has a high relative strength, it outperformed 80.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.52 | NEUTRAL | The RSI value for CRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.09 | NEGATIVE | The MACD value suggests CRS has a negative trend. |
| Stochastics (14,3) | 15.62 | OVERSOLD | The low Stochastics value suggests CRS may be oversold. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for CRS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for CRS suggests a weak or negative 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)
238.23
+0.11 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.05%
1 Week-1.19%
2 Weeks-3.75%
1 Month-0.67%
3 Month-17.11%
6 Month39.96%
12 Month50.28%
2 Year279.83%
3 Year536.98%
5 Year1262.87%
10 Year615.19%
15 Year568.06%
Volatility
ATR(14)8.38
ATR(20)%3.88%
ATR Inc-34.02%
Range Today5.39
ADR(20)9.11
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.17
Mansfield0.11
10 Day High266.28
10 Day Low233.78
20 Day High266.28
20 Day Low228
52 Week High290.84
52 Week Low138.61
CS1 End238.22
CR1 Start239.88
Volume & EV
DER(3)-0.21%
DER(5)-0.24%
Volume596.80K
Volume Incr-40.16%
Vol(5)575.92K
Vol(50)859.63K