Carlisle Companies Incorporated Stock Forecast
Carlisle Companies Incorporated stock upgraded to Strong Buy Candidate.
(Updated on May 08, 2024)
The Carlisle Companies Incorporated stock price gained 0.725% on the last trading day (Wednesday, 8th May 2024), rising from $405.55 to $408.49. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.79% from a day low at $401.74 to a day high of $408.92. The price has risen in 7 of the last 10 days and is up by 8.84% over the past 2 weeks. Volume fell on the last day by -109 thousand shares and in total, 226 thousand shares were bought and sold for approximately $92.34 million. 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 wide and 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 14.88% during the next 3 months and, with a 90% probability hold a price between $436.41 and $482.62 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.
CSL Signals & Forecast
Mostly positive signals in the chart today. The Carlisle Companies Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $398.07 and $387.14. 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 11.18%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Carlisle Companies Incorporated stock
Carlisle Companies Incorporated finds support from accumulated volume at $400.56 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 $7.18 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: $393.63 (-3.64%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (CSL) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Carlisle Companies Incorporated to open at $406.38, and during the day (based on 14 day Average True Range), to move between $398.71 and $418.27, which gives a possible trading interval of +/-$9.78 (+/-2.40%) up or down from last closing price. If Carlisle Companies Incorporated takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $400.56, some $7.93 (1.94%) from the current price of $408.49, our system finds the risk reward attractive.
Is Carlisle Companies Incorporated stock A Buy?
Carlisle Companies Incorporated holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.418 Strong Buy Candidate Upgraded
Predicted Opening Price for Carlisle Companies Incorporated of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $406.38 ( 0.516%) | $408.49 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 413.56 | 1.24 % | |
| R2 | 410.82 | 0.571 % | ||
| R1 | 409.13 | 0.156 % | ||
| Current price: | 408.49 | |||
| Support | S1 | 403.64 | -1.19 % | |
| S2 | 401.95 | -1.60 % | ||
| S3 | 399.20 | -2.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 408.49 | |||
| Support | S1 | 400.56 | -1.94% | |
| S2 | 388.25 | -4.95% | ||
| S3 | 382.03 | -6.48% |
CSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 17, 2024 | Jun 03, 2024 | $0.85 | 0.208% |
| 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
Click here for our free guide on how to buy Carlisle Companies Incorporated Stock.
