CARPENTER TECHNOLOGY (CRS) Stock Technical Analysis
USA - NYSE:CRS - US1442851036 - Common Stock
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.
CRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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153.81
When analyzing the support we can see 6 important areas.
- Support @306.47 from a horizontal line in the daily time frame.
- A support zone ranging from 250.60 to 250.62. 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 | 93.94 | POSITIVE | CRS has a high relative strength, it outperformed 93.94% 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) | 70.83 | OVERBOUGHT | The high RSI value suggests CRS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.27 | POSITIVE | The MACD value suggests CRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.12 | OVERBOUGHT | The high Stochastics value suggests CRS may be overbought. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CRS suggests some volalility. |
| Average Directional Index/ADX (14) | 42.33 | POSITIVE | The high ADX value value for CRS suggests a strong trend. |
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 |
|---|---|---|---|
| 338.09 | 302.12 | 35.97 (10.64%) | 9.40% |
| An entry @338.09. This is a Buy Stop order right above the 10 day high. | An exit @302.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 35.97 points, which is 10.64%. | When investing 9.40% 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.
332.01
+9.39 (+2.91%)
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 70.8314. This indicates that the stock is currently overbought.
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 306.47. Check the full technical report for our detailed analysis of CRS support and resistance levels.