Carrier Global Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Carrier Global Corporation stock price after Friday trading.
(Updated on Jun 28, 2024)
The Carrier Global Corporation stock price gained 0.439% on the last trading day (Friday, 28th Jun 2024), rising from 59.25€ to 59.51€. During the last trading day the stock fluctuated 0.588% from a day low at 59.51€ to a day high of 59.86€. The price has risen in 6 of the last 10 days and is up by 1.45% over the past 2 weeks. Volume fell on the last day by -319 shares and in total, 264 shares were bought and sold for approximately 15.71€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.79% during the next 3 months and, with a 90% probability hold a price between 66.08€ and 72.28€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4PN.F Signals & Forecast
The Carrier Global Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 59.55€. On a fall, the stock will find some support from the long-term average at approximately 59.33€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 0.350€ between high and low, or 0.588%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: 56.95€ (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (4PN.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Carrier Global Corporation to open at 59.63€, and during the day (based on 14 day Average True Range), to move between 58.44€ and 60.58€, which gives a possible trading interval of +/-1.07€ (+/-1.80%) up or down from last closing price. If Carrier Global Corporation takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 59.71€ (0.34%) than the support at 58.46€ (1.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Carrier Global Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Carrier Global Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.859 Buy Candidate Upgraded
Predicted Opening Price for Carrier Global Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 59.63€ ( 0.196%) | 59.51€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4PN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.98 | 0.784% |
| R2 | 59.84 | 0.560% |
| R1 | 59.76 | 0.421% |
| Price | 59.51 | |
| S1 | 59.49 | -0.0286% |
| S2 | 59.41 | -0.167% |
| S3 | 59.28 | -0.392% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.38 | 1.46% |
| R2 | 60.14 | 1.06% |
| R1 | 59.71 | 0.336% |
| Price | 59.51 | |
| S1 | 58.46 | -1.76% |
| S2 | 56.53 | -5.01% |
| S3 | 55.92 | -6.03% |
4PN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Aug 08, 2024 | 0.174€ | 0% |
| 2 | May 02, 2024 | May 02, 2024 | May 22, 2024 | 0.178€ | 0% |
| 3 | Dec 20, 2023 | Dec 20, 2023 | Feb 09, 2024 | 0.173€ | 0% |
| 4 | Oct 26, 2023 | Oct 26, 2023 | Nov 20, 2023 | 0.175€ | 0% |
| 5 | Jun 22, 2023 | Jun 22, 2023 | Aug 10, 2023 | 0.169€ | 0% |
FAQ
Click here for our free guide on how to buy Carrier Global Corporation Stock.
