Carlisle Companies Incorporated Stock Forecast
Green day on Tuesday for Carlisle Companies Incorporated stock after gaining 1.97%
(Updated on Jul 02, 2024)
The Carlisle Companies Incorporated stock price gained 1.97% on the last trading day (Tuesday, 2nd Jul 2024), rising from $397.61 to $405.46. During the last trading day the stock fluctuated 2.43% from a day low at $397.47 to a day high of $407.13. The price has fallen in 7 of the last 10 days and is down by -2.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 91 thousand more shares were traded than the day before. In total, 337 thousand shares were bought and sold for approximately $136.75 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $398.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.62% during the next 3 months and, with a 90% probability hold a price between $436.54 and $486.28 at the end of this 3-month period.
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CSL Signals & Forecast
There are mixed signals in the stock today. The Carlisle Companies Incorporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $410.54 and $414.65. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -1.86% to $397.93 within 19 trading days since signal was issued (Monday, July 22, 2024).
Support, Risk & Stop-loss for Carlisle Companies Incorporated stock
Carlisle Companies Incorporated finds support from accumulated volume at $405.21 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $9.66 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $381.77 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (CSL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Carlisle Companies Incorporated to open at $403.35, and during the day (based on 14 day Average True Range), to move between $395.59 and $415.33, which gives a possible trading interval of +/-$9.87 (+/-2.43%) up or down from last closing price. If Carlisle Companies Incorporated takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $405.21 (0.06%) than the resistance at $417.22 (2.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carlisle Companies Incorporated stock A Buy?
Carlisle Companies Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.228 Hold/Accumulate Unchanged
Predicted Opening Price for Carlisle Companies Incorporated of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $403.35 ( 0.520%) | $405.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 413.01 | 1.86% |
| R2 | 409.32 | 0.95% |
| R1 | 407.04 | 0.391% |
| Price | 405.46 | |
| S1 | 399.66 | -1.43% |
| S2 | 397.38 | -1.99% |
| S3 | 393.69 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 426.43 | 5.17% |
| R2 | 419.98 | 3.58% |
| R1 | 417.22 | 2.90% |
| Price | 405.46 | |
| S1 | 405.21 | -0.0617% |
| S2 | 400.56 | -1.21% |
| S3 | 388.25 | -4.24% |
CSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 17, 2024 | Jun 03, 2024 | $0.85 | 0.210% |
| 2 | Jan 30, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.85 | 0.245% |
| 3 | Nov 01, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.85 | 0.297% |
| 4 | Aug 03, 2023 | Aug 16, 2023 | Sep 01, 2023 | $0.85 | 0.316% |
| 5 | May 02, 2023 | May 16, 2023 | Jun 01, 2023 | $0.750 | 0.346% |
FAQ
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