Carpenter Technology Corp | CRS

Daily Technical Analysis of Carpenter Technology Corp

Carpenter Technology had a nice pop today and is currently up 5.68% -- which is pretty good. Investors have a more positive outlook for the company and future revenue.

The Industrial Products company isn't at an immediate support or resistance level that might be predictive. But let's also consider momentum! Carpenter Technology has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Industrial Products company has grown 178.54 percent which isn't too bad. CRS may hit some resistance around the 64.49 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-11-13

Analyst Ratings for Carpenter Technology By Price Target And Rating

The analysts are pretty neutral on Carpenter Technology right now, so not much useful information here. The current Analysts Sentiment Score is 0.96. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Benchmark provided a price target boost of 53.85% to $100.00 from $65.00 on 2023-09-13. On 2023-08-25 Northcoast Research started covering Carpenter Technology with a rating of Buy and added a price target of $73.00. TD Cowen gave a boost to their price target and moved to $72.00 from $60.00 on 2023-08-01.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CRS	0.96	0.64	0	1.29	0

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-09)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CRS	0.00	0.00

Short interest for Carpenter Technology

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
CRS	2.44	%2.5	2.6	-6.072	1190000

How Carpenter Technology compares to the broader Industrials sector and the more specific Industrial Products industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Industrial Products Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	79	1.61	3.34	9.64	10.52	17.12	42.38	67.37	33.35	24.33	34.21	-5253.32	-24083.87	22.47	4.43	3.46	2.42
Industrials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	284	1.40	2.79	6.86	9.18	13.54	35.75	65.51	29.95	19.68	27.35	-6556.87	-20848.43	22.18	2.29	3.59	2.46

Social Sentiment for Carpenter Technology

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
CRS

Companies with the highest correlation to Carpenter Technology

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
ATI \| ATI Inc.	1.34	1.96	4.42	-6.20	-7.17	-3.29	34.35	64	4.60	6.54	20.14	-2267.05	-17847.05	0	6.43527
HWM \| Howmet Aerospace Inc.	1.2	1.25	4.66	15.69	22.53	38.88	126.59	77	113.98	80.75	166.43	0.00	-53173.66	0	1.16238
WCC \| Wesco International Inc.	1.04	1.18	3.19	16.95	26.90	13.12	35.96	66	16.33	9.63	10.00	-525.00	-19601.11	100	2.60798
TGI \| Triumph Group, Inc.	1	0.89	4.16	29.33	38.33	37.54	76.47	86	4.04	5.38	1.31	0.00	-32475.47	0	5.47061
CBT \| Cabot Corporation	0.99	1.56	1.42	0.09	4.99	9.41	42.40	51	106.43	51.35	71.58	-1336.60	-26749.05	0	1.94075
KALU \| Kaiser Aluminum Corporati	0.99	0.58	1.94	7.34	9.52	-16.63	36.86	63	2.41	0.57	-4.61	-3511.74	-15781.44	0	3.22238
TXT \| Textron, Inc.	0.98	1.69	2.45	2.53	-6.38	-2.39	8.92	70	0.01	1.40	2.89	-1596.91	-17660.32	0	2.47718
OI \| O-I Glass, Inc.	0.93	0.62	4.02	1.49	1.89	1.73	-13.10	67	-4.44	-4.08	-9.54	428.73	-5348.41	0	3.64549

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