CARPENTER TECHNOLOGY - Daily - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 51.73 USD
My targets
55.88 USD (+5.81%)
60.43 USD (+14.43%)
My analysis
The bullish trend is currently very strong on CARPENTER TECHNOLOGY. As long as the price remains above the support at 51.73 USD, you could try to benefit from the boom. The first bullish objective is located at 55.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 60.43 USD as an objective. Crossing it would then enable buyers to target 66.64 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARPENTER TECHNOLOGY price is 52.81 USD. On the day, this instrument gained +0.78% and was between 51.95 USD and 52.94 USD. This implies that the price is at +1.66% from its lowest and at -0.25% from its highest.51.95
52.94
52.81
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of CARPENTER TECHNOLOGY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 43.72 | 48.58 | 51.73 | 52.81 | 53.49 | 55.88 | 60.43 |
| Change (%) | -17.21% | -8.01% | -2.05% | - | +1.29% | +5.81% | +14.43% |
| Change | -9.09 | -4.23 | -1.08 | - | +0.68 | +3.07 | +7.62 |
| Level | Major | Major | Major | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.02 | 51.68 | 52.04 | 52.70 | 53.06 | 53.72 | 54.08 |
| Camarilla | 52.12 | 52.21 | 52.31 | 52.40 | 52.49 | 52.59 | 52.68 |
| Woodie | 50.87 | 51.61 | 51.89 | 52.63 | 52.91 | 53.65 | 53.93 |
| Fibonacci | 51.68 | 52.07 | 52.31 | 52.70 | 53.09 | 53.33 | 53.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.10 | 51.05 | 51.79 | 52.74 | 53.48 | 54.43 | 55.17 |
| Camarilla | 52.06 | 52.21 | 52.37 | 52.52 | 52.68 | 52.83 | 52.99 |
| Woodie | 49.99 | 51.00 | 51.68 | 52.69 | 53.37 | 54.38 | 55.06 |
| Fibonacci | 51.05 | 51.70 | 52.10 | 52.74 | 53.39 | 53.79 | 54.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.56 | 47.54 | 50.03 | 52.01 | 54.50 | 56.48 | 58.97 |
| Camarilla | 51.29 | 51.70 | 52.11 | 52.52 | 52.93 | 53.34 | 53.75 |
| Woodie | 45.82 | 47.67 | 50.29 | 52.14 | 54.76 | 56.61 | 59.23 |
| Fibonacci | 47.54 | 49.25 | 50.30 | 52.01 | 53.72 | 54.77 | 56.48 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.38 | |
| MACD (12,26,9): | 0.3300 | |
| Directional Movement: | -3.43 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 52.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.67 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 48.83 | |
| Zig ZAG (10): | 52.81 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 59.20 | |
| TEMA (21): | 52.77 | |
| Williams %R (14): | -30.53 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | 1.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 0.15 |
| MA7: | 52.68 | |
| MA20: | 52.63 | |
| MA50: | 51.34 | |
| MA100: | 49.81 | |
| MAexp7: | 52.57 | |
| MAexp20: | 52.36 | |
| MAexp50: | 51.53 | |
| MAexp100: | 50.18 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | +2.86% | |
| Price / MA100: | +6.02% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +2.48% | |
| Price / MAexp100: | +5.24% |
News
The last news published on CARPENTER TECHNOLOGY at the time of the generation of this analysis was as follows:
- Recent Analysis Shows Main Street Capital, Carpenter Technology, Pegasystems, SkyWest, Kilroy Realty, and Hannon Armstrong Sustainable Infrastructure Capital Market Influences — Renewed Outlook, Key Drivers of Growth
- Carpenter Technology Corporation to Host Earnings Call
- Carpenter Technology Corporation to Host Earnings Call
- Investor Network: Carpenter Technology Corporation to Host Earnings Call
-
Carpenter Technology
This member declared not having a position on this financial instrument or a related financial instrument.
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