CARPENTER TECHNOLOGY (CRS)
US1442851036 - Common Stock
Taking everything into account, CRS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CRS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CRS is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, CRS also shows a nice and consistent pattern of rising prices.
CRS is part of the Metals & Mining industry. There are 155 other stocks in this industry. CRS outperforms 88% of them.
CRS is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CRS is leading the market.
CRS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, CRS also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 78.49, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
56.93
81.45
When analyzing the support we can see 6 important areas.
- A support zone ranging from 77.50 to 78.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.87 to 76.23. 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 71.45 to 72.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.87 from a trend line in the weekly time frame.
- A support zone ranging from 60.51 to 61.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 57.51 to 58.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.56
Mansfield1.61
10 Day High81.28
10 Day Low74.21
20 Day High82.16
20 Day Low67.52
52 Week High82.16
52 Week Low44.4
Performance
1 Week3.86%
2 Weeks0.24%
1 Month18.08%
3 Month26.97%
6 Month28.84%
12 Month52.65%
2 Year110.87%
3 Year112.6%
5 Year62.09%
10 Year28.2%
15 Year289.5%
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)66.23
LBB75.67
UBB81.15
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 81.29 | 77.49 | 3.80 (4.67%) | 21.39% |
| An entry @81.29. This is a Buy Stop order right above the 10 day high. | An exit @77.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.80 points, which is 4.67%. | When investing 21.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CRS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CARPENTER TECHNOLOGY
NYSE:CRS (4/24/2024, 2:56:09 PM)
80.645
+0.13 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.17%
1 Week3.86%
2 Weeks0.24%
1 Month18.08%
3 Month26.97%
6 Month28.84%
12 Month52.65%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.2
ATR(20)%3.52%
ATR Inc
Range Today2.93
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High81.28
10 Day Low74.21
20 Day High82.16
20 Day Low67.52
52 Week High82.16
52 Week Low44.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume417.92K
Volume Incr33.89%
Vol(5)648.80K
Vol(50)466.39K