Metals Channel
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

We Did The Math XHB Can Go To $86
Monday, November 1, 8:28 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Friday Sector Leaders: Technology & Communications, Materials
Friday, November 12, 2:42 PM ET, by Market News Video Staff

Looking at the sectors faring best as of midday Friday, shares of Technology & Communications ...

Notable ETF Inflow Detected - VOE, CARR, MSI, IFF
Tuesday, November 23, 11:08 AM ET, by Market News Video Staff

Symbols mentioned in this story: VOE, CARR, MSI, IFF Exchange traded funds (ETFs) trade just ...

Analysts Predict 10% Gains Ahead For The Holdings of SPYG
Monday, December 20, 8:30 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Cash Dividend On The Way From Carrier Global (CARR)
Monday, December 20, 10:04 AM ET, by Market News Video Staff

On 12/22/21, Carrier Global Corp (CARR) will trade ex-dividend, for its quarterly dividend of $0.15, ...

Carrier Global (CARR) Shares Enter Oversold Territory

By Metals Channel Staff, Thursday, September 22, 3:00 PM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

In trading on Thursday, shares of Carrier Global Corp (NYSE:CARR) entered into oversold territory, changing hands as low as $36.415 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Carrier Global Corp, the RSI reading has hit 29.7 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 40.3, the RSI of Spot Gold is at 8.5, and the RSI of Spot Silver is presently 27.9.

A bullish investor could look at CARR's 29.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), CARR's low point in its 52 week range is $34.12 per share, with $57.97 as the 52 week high point — that compares with a last trade of $36.52. Carrier Global Corp shares are currently trading off about 2.6% on the day.

Carrier Global Corp 1 Year Performance Chart


Can your brain be trained to become a chart-predicting wizard? Click here to find out


This Article's Word Cloud:   CARR   Carrier   Channel   Click   Corp   Global   Gold   Index   Looking   Metals   NYSE   Oversold   Relative   Silver   Spot   Start   Stocks   Strength   Thursday   about   analysis   average   become   begin   below   brain   bullish   case   changing   chart   compares   comparison   considered   could   covered   currently   define   entered   look   mdash   oversold   point   reading   share   shares   territory   that   trading   week   with

Carrier Global (CARR) Shares Enter Oversold Territory | www.MetalsChannel.com | Copyright © 2010 - 2022, All Rights Reserved

Nothing in Metals Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and metals stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.