CARPENTER TECHNOLOGY (CRS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRS - US1442851036 - Common Stock
We assign a technical rating of 10 out of 10 to CRS. 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.
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 a resistance zone just above the current price starting at 333.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 322.43, a Stop Loss order could be placed below this zone.
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153.81
When analyzing the support we can see 6 important areas.
- A support zone ranging from 317.33 to 322.43. 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 305.58 to 307.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @300.47 from a horizontal line in the daily time frame.
- A support zone ranging from 269.03 to 269.15. 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 @155.36 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 333.41 to 336.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 94.91 | POSITIVE | CRS has a high relative strength, it outperformed 94.91% 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) | 62.94 | NEUTRAL | The RSI value for CRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.19 | POSITIVE | The MACD value suggests CRS has a positive trend. |
| Stochastics (14,3) | 84.23 | OVERBOUGHT | The high Stochastics value suggests CRS may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CRS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.15 | NEUTRAL | The ADX value for CRS suggests a possible start of a new 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 |
|---|---|---|---|
| 336.65 | 317.32 | 19.33 (5.74%) | 17.42% |
| An entry @336.65. This is a Buy Stop order right above the resistance zone. | An exit @317.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 19.33 points, which is 5.74%. | For a 1.00% total portfolio risk, you can invest 17.42% of your capital in this trade. |
- 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.
333.4
+0.97 (+0.29%)
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 62.9389. 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 322.43 and a resistance level at 333.41. Check the full technical report for our detailed analysis of CRS support and resistance levels.