Carrier Global Corporation Stock Forecast

Carrier Global Corporation stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

4PN.F Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carrier Global Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 60.06€ and 59.40€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -5.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Carrier Global Corporation stock

Carrier Global Corporation finds support from accumulated volume at 58.46€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.440€ between high and low, or 0.752%. For the last week the stock has had daily average volatility of 1.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (4PN.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Carrier Global Corporation to open at 58.63€, and during the day (based on 14 day Average True Range), to move between 57.35€ and 59.61€, which gives a possible trading interval of +/-1.13€ (+/-1.93%) up or down from last closing price. If Carrier Global Corporation takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 58.46€ (0.03%) than the resistance at 59.71€ (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Carrier Global Corporation stock A Buy?

The Carrier Global Corporation stock holds several negative signals and despite the positive trend, we believe Carrier Global Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.608 Sell Candidate Upgraded

Predicted Opening Price for Carrier Global Corporation of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.