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CARPENTER TECHNOLOGY (NYSE:CRS) is a candidate for high growth investors. Here's why.

By Mill Chart

Last update: Feb 10, 2025

Our stockscreener has identified a possible breakout setup on CARPENTER TECHNOLOGY (NYSE:CRS). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:CRS for potential opportunities.


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Insights from Technical Analysis

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Taking everything into account, CRS scores 9 out of 10 in our technical rating. In the last year, CRS was one of the better performers, but we do observe some doubts in the very recent evolution.

  • The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
  • When comparing the yearly performance of all stocks, we notice that CRS is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, CRS also shows a nice and consistent pattern of rising prices.
  • CRS is part of the Metals & Mining industry. There are 150 other stocks in this industry. CRS outperforms 96% of them.
  • CRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRS is lagging the market slightly.

Our latest full technical report of CRS contains the most current technical analsysis.

How do we evaluate the setup for NYSE:CRS?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:CRS has a 7 as its setup rating:

CRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 184.91, a Stop Loss order could be placed below this zone.

Looking into the high growth metrics of CARPENTER TECHNOLOGY

  • The EPS of CARPENTER TECHNOLOGY has exhibited growth from one quarter to another (Q2Q), with a 95.29% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
  • CARPENTER TECHNOLOGY has seen a 12.45% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
  • In the most recent financial report, CARPENTER TECHNOLOGY reported a 95.29% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
  • With positive growth in its operating margin over the past year, CARPENTER TECHNOLOGY showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
  • With a favorable trend in its free cash flow (FCF) over the past year, CARPENTER TECHNOLOGY demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
  • The Return on Equity(ROE) of CARPENTER TECHNOLOGY is 15.63%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
  • Maintaining a Debt-to-Equity ratio of 0.4, CARPENTER TECHNOLOGY demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
  • CARPENTER TECHNOLOGY has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
  • CARPENTER TECHNOLOGY has achieved an impressive Relative Strength (RS) rating of 96.98, showcasing its ability to outperform the broader market. This strong performance positions CARPENTER TECHNOLOGY as an attractive stock for potential price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

CARPENTER TECHNOLOGY

NYSE:CRS (2/10/2025, 8:04:00 PM)

After market: 190.38 0 (0%)

190.38

+2.44 (+1.3%)

CRS Latest News and Analysis

ChartMill News Image19 hours ago - ChartmillCARPENTER TECHNOLOGY (NYSE:CRS) is a candidate for high growth investors. Here's why.

Evaluating CARPENTER TECHNOLOGY (NYSE:CRS) for high Growth Investment Opportunities. A fundamental and technical analysis of (NYSE:CRS).

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