CARPENTER TECHNOLOGY (CRS) Stock Technical Analysis
USA - NYSE:CRS - US1442851036 - Common Stock
244.79 USD
-4.21 (-1.69%)
244.79 USD
0 (0%)
Taking everything into account, CRS scores 7 out of 10 in our technical rating. CRS was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CRS is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by CRS over the past year are nicely spread over this period.
CRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRS is lagging the market slightly.
CRS is an average performer in the Aerospace & Defense industry, it outperforms 57% of 70 stocks in the same industry.
In the last month CRS has a been trading in the 228.00 - 266.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CRS has an excellent technical rating and 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 243.83, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
153.81
262.54
When analyzing the support we can see 5 important areas.
- A support zone ranging from 232.39 to 243.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @226.00 from a horizontal line in the daily time frame.
- Support @194.77 from a trend line in the weekly time frame.
- Support @170.51 from a trend line in the weekly time frame.
- Support @155.36 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @250.86 from a horizontal line in the weekly time frame.
- Resistance @255.68 from a trend line in the daily time frame.
- Resistance @259.94 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 | NEUTRAL | NEUTRAL | The short term trend for CRS is neutral. |
| ChartMill Relative Strength | 84.44 | POSITIVE | CRS has a high relative strength, it outperformed 84.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRS is above 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) | 49.86 | NEUTRAL | The RSI value for CRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.11 | NEUTRAL | The Stochastics value for CRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CRS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.11 | 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)
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 |
|---|---|---|---|
| 250.87 | 233.77 | 17.10 (6.82%) | 14.67% |
| An entry @250.87. This is a Buy Stop order right above the resistance zone. | An exit @233.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 17.10 points, which is 6.82%. | When investing 14.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
244.79
-4.21 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.69%
1 Week1.08%
2 Weeks-5.82%
1 Month4.88%
3 Month-11.45%
6 Month23.01%
12 Month57.45%
2 Year290.29%
3 Year554.52%
5 Year1300.4%
10 Year634.88%
15 Year586.46%
Volatility
ATR(14)8.74
ATR(20)%3.91%
ATR Inc13.99%
Range Today10.5
ADR(20)9.38
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.44
3 months CRS16.01
6 months CRS72.56
Mansfield0.28
10 Day High262.11
10 Day Low233.78
20 Day High266.28
20 Day Low228
52 Week High290.84
52 Week Low138.61
CS1 End243.83
CR1 Start250.86
Volume & EV
DER(3)-2.76%
DER(5)-1.93%
Volume1.26M
Volume Incr-17.09%
Vol(5)788.30K
Vol(50)859.27K