Carlisle Companies Incorporated Stock Forecast

Green day on Friday for Carlisle Companies Incorporated stock after gaining 4.85%
(Updated on Apr 26, 2024)

CSL Signals & Forecast

The Carlisle Companies Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $377.48 and $379.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.02%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Carlisle Companies Incorporated stock

Carlisle Companies Incorporated finds support from accumulated volume at $382.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $15.13 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 3.14%.

Our recommended stop-loss: $384.54 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (CSL) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Carlisle Companies Incorporated to open at $405.14, and during the day (based on 14 day Average True Range), to move between $389.97 and $411.15, which gives a possible trading interval of +/-$10.59 (+/-2.64%) up or down from last closing price. If Carlisle Companies Incorporated takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $382.03, some $18.53 (4.63%) from the current price of $400.56, our system finds the risk reward attractive.

Is Carlisle Companies Incorporated 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 Carlisle Companies Incorporated stock to perform well in the short-term.

Current score: 4.287 Buy Candidate Unchanged

Predicted Opening Price for Carlisle Companies Incorporated of Monday, April 29, 2024

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