CARPENTER TECHNOLOGY (CRS) Stock Technical Analysis
USA - NYSE:CRS - US1442851036 - Common Stock
We assign a technical rating of 10 out of 10 to CRS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRS is showing a nice and steady performance.
Although CRS has an excellent technical rating, the quality of the presented setup is not ideal 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
153.81
When analyzing the support we can see 6 important areas.
- A support zone ranging from 306.47 to 307.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 250.60 to 251.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @235.72 from a horizontal line in the daily time frame.
- Support @226.00 from a horizontal line in the daily time frame.
- Support @199.23 from a trend line in the weekly time frame.
- Support @155.36 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 | UP | POSITIVE | The long term trend for CRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRS is up. |
| ChartMill Relative Strength | 94.52 | POSITIVE | CRS has a high relative strength, it outperformed 94.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRS is above the rising 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) | 67.58 | NEUTRAL | The RSI value for CRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests CRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.42 | NEUTRAL | The Stochastics value for CRS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for CRS suggests some volalility. |
| Average Directional Index/ADX (14) | 43.64 | POSITIVE | The high ADX value value for CRS suggests a strong trend. |
330.5
+5.79 (+1.78%)
CARPENTER TECHNOLOGY / CRS FAQ
Can you provide the ChartMill technical rating for CARPENTER TECHNOLOGY?
ChartMill assigns a technical rating of 10 / 10 to CRS.
Can you provide the trend direction for CARPENTER TECHNOLOGY?
The current trend direction for CARPENTER TECHNOLOGY (CRS) is Bullish.
What is the RSI signal for CRS stock?
CARPENTER TECHNOLOGY (CRS) has an RSI value of 67.5806. This indicates that the stock is currently neutral.
What is the short term momentum for CRS stock?
The short term momentum for CARPENTER TECHNOLOGY (CRS) is positive.
Can you provide the support and resistance levels for CARPENTER TECHNOLOGY?
CARPENTER TECHNOLOGY (CRS) has a support level at 307.53. Check the full technical report for our detailed analysis of CRS support and resistance levels.