CARPENTER TECHNOLOGY (CRS) Stock Technical Analysis
NYSE:CRS - New York Stock Exchange, Inc. - US1442851036 - Common Stock - Currency: USD
Overall CRS gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CRS is one of the better performing stocks in the market, outperforming 96% 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 154 other stocks in this industry. CRS outperforms 89% 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.
CRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 230.15, a Stop Loss order could be placed below this zone.
More info and screens
148.01
238.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 225.99 to 230.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @162.07 from a trend line in the weekly time frame.
- A support zone ranging from 154.08 to 156.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @149.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @235.72 from a horizontal line 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 | 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 | 96.89 | POSITIVE | CRS has a high relative strength, it outperformed 96.89% 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) | 66.77 | NEUTRAL | The RSI value for CRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.8 | NEUTRAL | The Stochastics value for CRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CRS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for CRS 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)
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 |
|---|---|---|---|
| 235.73 | 225.98 | 9.75 (4.14%) | 24.18% |
| An entry @235.73. This is a Buy Stop order right above the resistance zone. | An exit @225.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.75 points, which is 4.14%. | When investing 24.18% 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.
230.16
+4.16 (+1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.84%
1 Week-0.74%
2 Weeks8.4%
1 Month15.66%
3 Month17.92%
6 Month20.52%
12 Month110.02%
2 Year404.63%
3 Year553.31%
5 Year884.85%
10 Year463.57%
15 Year491.52%
Volatility
ATR(14)7.96
ATR(20)%3.56%
ATR Inc17.65%
Range Today14.02
ADR(20)7.73
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.89
Mansfield3.74
10 Day High236.59
10 Day Low212.68
20 Day High236.59
20 Day Low188.12
52 Week High236.59
52 Week Low95.17
CS1 End230.15
CR1 Start235.72
Volume & EV
DER(3)0.83%
DER(5)2.08%
Volume886.70K
Volume Incr-23.98%
Vol(5)745.93K
Vol(50)863.48K