25 XP   0   0   10

Carrier Global Corp
Buy, Hold or Sell?

Let's analyse Carrier Global Corp together

PenkeI guess you are interested in Carrier Global Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Carrier Global Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Carrier Global Corp

I send you an email if I find something interesting about Carrier Global Corp.

Quick analysis of Carrier Global Corp (30 sec.)










What can you expect buying and holding a share of Carrier Global Corp? (30 sec.)

How much money do you get?

How much money do you get?
€0.69
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
€10.00
Expected worth in 1 year
€11.04
How sure are you?
65.0%

+ What do you gain per year?

Total Gains per Share
€1.67
Return On Investment
3.1%

For what price can you sell your share?

Current Price per Share
€53.60
Expected price per share
€49.40 - €54.01
How sure are you?
50%

1. Valuation of Carrier Global Corp (5 min.)




Live pricePrice per Share (EOD)

€53.60

Intrinsic Value Per Share

€51.80 - €61.60

Total Value Per Share

€61.80 - €71.60

2. Growth of Carrier Global Corp (5 min.)




Is Carrier Global Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$9.7b$8.1b$1.1b12.6%

How much money is Carrier Global Corp making?

Current yearPrevious yearGrowGrow %
Making money$337.2m$883.5m-$546.2m-162.0%
Net Profit Margin6.2%17.5%--

How much money comes from the company's main activities?

3. Financial Health of Carrier Global Corp (5 min.)




4. Comparing to competitors in the Building Products & Equipment industry (5 min.)




  Industry Rankings (Building Products & Equipment)  


Richest
#4 / 226

Most Revenue
#5 / 226

Most Profit
#9 / 226

What can you expect buying and holding a share of Carrier Global Corp? (5 min.)

Welcome investor! Carrier Global Corp's management wants to use your money to grow the business. In return you get a share of Carrier Global Corp.

What can you expect buying and holding a share of Carrier Global Corp?

First you should know what it really means to hold a share of Carrier Global Corp. And how you can make/lose money.

Speculation

The Price per Share of Carrier Global Corp is €53.60. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Carrier Global Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Carrier Global Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €10.00. Based on the TTM, the Book Value Change Per Share is €0.26 per quarter. Based on the YOY, the Book Value Change Per Share is €0.27 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.16 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Carrier Global Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.470.9%0.370.7%0.981.8%0.591.1%0.591.1%
Usd Book Value Change Per Share0.601.1%0.280.5%0.300.6%0.541.0%0.541.0%
Usd Dividend Per Share0.170.3%0.170.3%0.140.3%0.100.2%0.100.2%
Usd Total Gains Per Share0.781.4%0.450.8%0.440.8%0.641.2%0.641.2%
Usd Price Per Share56.14-40.56-41.30-29.76-29.76-
Price to Earnings Ratio30.08-30.41-16.02-16.21-16.21-
Price-to-Total Gains Ratio72.28--304.54-22.68--122.21--122.21-
Price to Book Ratio5.19-3.92-4.59-3.42-3.42-
Price-to-Total Gains Ratio72.28--304.54-22.68--122.21--122.21-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share57.97912
Number of shares17
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.170.10
Usd Book Value Change Per Share0.280.54
Usd Total Gains Per Share0.450.64
Gains per Quarter (17 shares)7.6710.92
Gains per Year (17 shares)30.6943.68
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
112192173734
2233852147478
335578321110122
4477611428147166
5599514534184210
67011417641221254
78213320748258298
89415223855294342
910517126962331386
1011719030069368430

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%13.04.03.065.0%13.04.03.065.0%13.04.03.065.0%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%16.00.04.080.0%16.00.04.080.0%16.00.04.080.0%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%13.04.03.065.0%13.04.03.065.0%13.04.03.065.0%

Fundamentals of Carrier Global Corp

About Carrier Global Corp

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, heat pumps, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. This segment also offers fire and security service, such as audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. It offers its products under the Autronica, Det-Tronics, Edwards, Aritech, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. Carrier Global Corporation was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Fundamental data was last updated by Penke on 2024-03-19 07:04:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Carrier Global Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Carrier Global Corp earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Carrier Global Corp to the Building Products & Equipment industry mean.
  • A Net Profit Margin of 8.2% means that €0.08 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Carrier Global Corp:

  • The MRQ is 8.2%. The company is making a profit. +1
  • The TTM is 6.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.2%TTM6.2%+2.0%
TTM6.2%YOY17.5%-11.3%
TTM6.2%5Y10.8%-4.5%
5Y10.8%10Y10.8%0.0%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ8.2%4.5%+3.7%
TTM6.2%4.4%+1.8%
YOY17.5%5.7%+11.8%
5Y10.8%5.0%+5.8%
10Y10.8%4.9%+5.9%
1.1.2. Return on Assets

Shows how efficient Carrier Global Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Carrier Global Corp to the Building Products & Equipment industry mean.
  • 1.2% Return on Assets means that Carrier Global Corp generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Carrier Global Corp:

  • The MRQ is 1.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.2%TTM1.1%+0.1%
TTM1.1%YOY3.3%-2.2%
TTM1.1%5Y1.6%-0.5%
5Y1.6%10Y1.6%0.0%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2%1.5%-0.3%
TTM1.1%1.4%-0.3%
YOY3.3%1.9%+1.4%
5Y1.6%1.6%+0.0%
10Y1.6%1.6%+0.0%
1.1.3. Return on Equity

Shows how efficient Carrier Global Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Carrier Global Corp to the Building Products & Equipment industry mean.
  • 4.5% Return on Equity means Carrier Global Corp generated €0.04 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Carrier Global Corp:

  • The MRQ is 4.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ4.5%TTM3.8%+0.7%
TTM3.8%YOY11.5%-7.7%
TTM3.8%5Y6.1%-2.4%
5Y6.1%10Y6.1%0.0%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ4.5%3.2%+1.3%
TTM3.8%3.0%+0.8%
YOY11.5%3.5%+8.0%
5Y6.1%3.2%+2.9%
10Y6.1%3.2%+2.9%

1.2. Operating Efficiency of Carrier Global Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Carrier Global Corp is operating .

  • Measures how much profit Carrier Global Corp makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Carrier Global Corp to the Building Products & Equipment industry mean.
  • An Operating Margin of 13.1% means the company generated €0.13  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Carrier Global Corp:

  • The MRQ is 13.1%. The company is operating less efficient.
  • The TTM is 12.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ13.1%TTM12.3%+0.8%
TTM12.3%YOY21.7%-9.4%
TTM12.3%5Y15.7%-3.4%
5Y15.7%10Y15.7%0.0%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ13.1%7.4%+5.7%
TTM12.3%5.5%+6.8%
YOY21.7%7.5%+14.2%
5Y15.7%7.3%+8.4%
10Y15.7%6.7%+9.0%
1.2.2. Operating Ratio

Measures how efficient Carrier Global Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Building Products & Equipment industry mean).
  • An Operation Ratio of 0.94 means that the operating costs are €0.94 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Carrier Global Corp:

  • The MRQ is 0.941. The company is less efficient in keeping operating costs low.
  • The TTM is 0.890. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.941TTM0.890+0.050
TTM0.890YOY0.882+0.008
TTM0.8905Y0.887+0.004
5Y0.88710Y0.8870.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9411.393-0.452
TTM0.8901.308-0.418
YOY0.8821.146-0.264
5Y0.8871.187-0.300
10Y0.8871.111-0.224

1.3. Liquidity of Carrier Global Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Carrier Global Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Building Products & Equipment industry mean).
  • A Current Ratio of 2.73 means the company has €2.73 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Carrier Global Corp:

  • The MRQ is 2.725. The company is able to pay all its short-term debts. +1
  • The TTM is 1.928. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.725TTM1.928+0.797
TTM1.928YOY1.667+0.262
TTM1.9285Y1.449+0.480
5Y1.44910Y1.4490.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7251.685+1.040
TTM1.9281.670+0.258
YOY1.6671.688-0.021
5Y1.4491.664-0.215
10Y1.4491.528-0.079
1.3.2. Quick Ratio

Measures if Carrier Global Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Carrier Global Corp to the Building Products & Equipment industry mean.
  • A Quick Ratio of 1.86 means the company can pay off €1.86 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Carrier Global Corp:

  • The MRQ is 1.858. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.333. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.858TTM1.333+0.524
TTM1.333YOY1.168+0.166
TTM1.3335Y1.004+0.329
5Y1.00410Y1.0040.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8580.753+1.105
TTM1.3330.757+0.576
YOY1.1680.827+0.341
5Y1.0040.880+0.124
10Y1.0040.855+0.149

1.4. Solvency of Carrier Global Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Carrier Global Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Carrier Global Corp to Building Products & Equipment industry mean.
  • A Debt to Asset Ratio of 0.73 means that Carrier Global Corp assets are financed with 72.6% credit (debt) and the remaining percentage (100% - 72.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Carrier Global Corp:

  • The MRQ is 0.726. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.692. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.726TTM0.692+0.033
TTM0.692YOY0.698-0.006
TTM0.6925Y0.601+0.091
5Y0.60110Y0.6010.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7260.488+0.238
TTM0.6920.489+0.203
YOY0.6980.488+0.210
5Y0.6010.514+0.087
10Y0.6010.505+0.096
1.4.2. Debt to Equity Ratio

Measures if Carrier Global Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Carrier Global Corp to the Building Products & Equipment industry mean.
  • A Debt to Equity ratio of 274.5% means that company has €2.74 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Carrier Global Corp:

  • The MRQ is 2.745. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.353. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.745TTM2.353+0.391
TTM2.353YOY2.418-0.065
TTM2.3535Y2.480-0.126
5Y2.48010Y2.4800.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7450.903+1.842
TTM2.3530.968+1.385
YOY2.4180.952+1.466
5Y2.4801.106+1.374
10Y2.4801.086+1.394

2. Market Valuation of Carrier Global Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Carrier Global Corp generates.

  • Above 15 is considered overpriced but always compare Carrier Global Corp to the Building Products & Equipment industry mean.
  • A PE ratio of 30.08 means the investor is paying €30.08 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Carrier Global Corp:

  • The EOD is 31.063. Based on the earnings, the company is overpriced. -1
  • The MRQ is 30.078. Based on the earnings, the company is overpriced. -1
  • The TTM is 30.406. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD31.063MRQ30.078+0.985
MRQ30.078TTM30.406-0.328
TTM30.406YOY16.023+14.382
TTM30.4065Y16.211+14.194
5Y16.21110Y16.2110.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD31.06314.446+16.617
MRQ30.07812.925+17.153
TTM30.40612.349+18.057
YOY16.02312.804+3.219
5Y16.21117.742-1.531
10Y16.21118.287-2.076
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Carrier Global Corp:

  • The EOD is 15.737. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 15.238. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 16.123. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD15.737MRQ15.238+0.499
MRQ15.238TTM16.123-0.885
TTM16.123YOY-66.237+82.360
TTM16.1235Y6.989+9.134
5Y6.98910Y6.9890.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD15.7375.957+9.780
MRQ15.2385.482+9.756
TTM16.1233.859+12.264
YOY-66.2374.462-70.699
5Y6.9893.607+3.382
10Y6.9894.254+2.735
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Carrier Global Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Building Products & Equipment industry mean).
  • A PB ratio of 5.19 means the investor is paying €5.19 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Carrier Global Corp:

  • The EOD is 5.358. Based on the equity, the company is overpriced. -1
  • The MRQ is 5.188. Based on the equity, the company is overpriced. -1
  • The TTM is 3.924. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD5.358MRQ5.188+0.170
MRQ5.188TTM3.924+1.264
TTM3.924YOY4.592-0.668
TTM3.9245Y3.422+0.502
5Y3.42210Y3.4220.000
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD5.3581.773+3.585
MRQ5.1881.881+3.307
TTM3.9241.910+2.014
YOY4.5922.070+2.522
5Y3.4221.990+1.432
10Y3.4222.099+1.323
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Carrier Global Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.5590.258+117%0.273+105%0.500+12%0.500+12%
Book Value Per Share--10.0049.516+5%8.322+20%7.017+43%7.017+43%
Current Ratio--2.7251.928+41%1.667+64%1.449+88%1.449+88%
Debt To Asset Ratio--0.7260.692+5%0.698+4%0.601+21%0.601+21%
Debt To Equity Ratio--2.7452.353+17%2.418+14%2.480+11%2.480+11%
Dividend Per Share--0.1590.1590%0.131+22%0.094+70%0.094+70%
Eps--0.4310.346+25%0.907-52%0.547-21%0.547-21%
Free Cash Flow Per Share--0.8510.549+55%0.357+139%0.440+94%0.440+94%
Free Cash Flow To Equity Per Share--6.2951.733+263%-0.396+106%0.310+1932%0.310+1932%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--61.598--------
Intrinsic Value_10Y_min--51.800--------
Intrinsic Value_1Y_max--2.484--------
Intrinsic Value_1Y_min--2.438--------
Intrinsic Value_3Y_max--10.275--------
Intrinsic Value_3Y_min--9.753--------
Intrinsic Value_5Y_max--21.455--------
Intrinsic Value_5Y_min--19.672--------
Market Cap48245519513.600+3%46715344454.40033749361085.120+38%34368181881.120+36%24766783436.128+89%24766783436.128+89%
Net Profit Margin--0.0820.062+32%0.175-53%0.108-23%0.108-23%
Operating Margin--0.1310.123+7%0.217-40%0.157-16%0.157-16%
Operating Ratio--0.9410.890+6%0.882+7%0.887+6%0.887+6%
Pb Ratio5.358+3%5.1883.924+32%4.592+13%3.422+52%3.422+52%
Pe Ratio31.063+3%30.07830.406-1%16.023+88%16.211+86%16.211+86%
Price Per Share53.600+3%51.90037.495+38%38.183+36%27.516+89%27.516+89%
Price To Free Cash Flow Ratio15.737+3%15.23816.123-5%-66.237+535%6.989+118%6.989+118%
Price To Total Gains Ratio74.649+3%72.281-304.540+521%22.683+219%-122.208+269%-122.208+269%
Quick Ratio--1.8581.333+39%1.168+59%1.004+85%1.004+85%
Return On Assets--0.0120.011+7%0.033-64%0.016-28%0.016-28%
Return On Equity--0.0450.038+19%0.115-61%0.061-27%0.061-27%
Total Gains Per Share--0.7180.417+72%0.403+78%0.594+21%0.594+21%
Usd Book Value--9740708500.0009265571775.000+5%8102203425.000+20%6832017200.000+43%6832017200.000+43%
Usd Book Value Change Per Share--0.6040.279+117%0.295+105%0.541+12%0.541+12%
Usd Book Value Per Share--10.82210.294+5%9.001+20%7.590+43%7.590+43%
Usd Dividend Per Share--0.1720.1720%0.141+22%0.101+70%0.101+70%
Usd Eps--0.4670.375+25%0.982-52%0.591-21%0.591-21%
Usd Free Cash Flow--829026237.850534516916.925+55%347510998.375+139%428013546.200+94%428013546.200+94%
Usd Free Cash Flow Per Share--0.9210.594+55%0.386+139%0.476+94%0.476+94%
Usd Free Cash Flow To Equity Per Share--6.8091.875+263%-0.428+106%0.335+1932%0.335+1932%
Usd Market Cap52187178457.861+3%50531988096.32536506683885.774+38%37176062340.808+36%26790229642.860+89%26790229642.860+89%
Usd Price Per Share57.979+3%56.14040.558+38%41.302+36%29.764+89%29.764+89%
Usd Profit--420013293.000337260673.963+25%883527962.775-52%532266845.713-21%532266845.713-21%
Usd Revenue--5102161478.3005524674850.425-8%5105411581.1630%4959956977.670+3%4959956977.670+3%
Usd Total Gains Per Share--0.7770.451+72%0.436+78%0.642+21%0.642+21%
 EOD+4 -4MRQTTM+27 -6YOY+20 -155Y+21 -1410Y+21 -14

3.2. Fundamental Score

Let's check the fundamental score of Carrier Global Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1531.063
Price to Book Ratio (EOD)Between0-15.358
Net Profit Margin (MRQ)Greater than00.082
Operating Margin (MRQ)Greater than00.131
Quick Ratio (MRQ)Greater than11.858
Current Ratio (MRQ)Greater than12.725
Debt to Asset Ratio (MRQ)Less than10.726
Debt to Equity Ratio (MRQ)Less than12.745
Return on Equity (MRQ)Greater than0.150.045
Return on Assets (MRQ)Greater than0.050.012
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Carrier Global Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.232
Ma 20Greater thanMa 5053.145
Ma 50Greater thanMa 10051.804
Ma 100Greater thanMa 20050.947
OpenGreater thanClose53.450
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets32,822,000
Total Liabilities23,817,000
Total Stockholder Equity8,677,000
 As reported
Total Liabilities 23,817,000
Total Stockholder Equity+ 8,677,000
Total Assets = 32,822,000

Assets

Total Assets32,822,000
Total Current Assets18,780,000
Long-term Assets14,042,000
Total Current Assets
Cash And Cash Equivalents 10,015,000
Net Receivables 2,787,000
Inventory 2,217,000
Other Current Assets 447,000
Total Current Assets  (as reported)18,780,000
Total Current Assets  (calculated)15,466,000
+/- 3,314,000
Long-term Assets
Property Plant Equipment 2,784,000
Goodwill 7,989,000
Long Term Investments 1,140,000
Intangible Assets 1,028,000
Long-term Assets Other 362,000
Long-term Assets  (as reported)14,042,000
Long-term Assets  (calculated)13,303,000
+/- 739,000

Liabilities & Shareholders' Equity

Total Current Liabilities6,891,000
Long-term Liabilities16,926,000
Total Stockholder Equity8,677,000
Total Current Liabilities
Short-term Debt 51,000
Short Long Term Debt 51,000
Accounts payable 2,742,000
Other Current Liabilities 3,673,000
Total Current Liabilities  (as reported)6,891,000
Total Current Liabilities  (calculated)6,517,000
+/- 374,000
Long-term Liabilities
Long term Debt 14,242,000
Capital Lease Obligations 391,000
Long-term Liabilities Other 1,603,000
Long-term Liabilities  (as reported)16,926,000
Long-term Liabilities  (calculated)16,236,000
+/- 690,000
Total Stockholder Equity
Common Stock9,000
Retained Earnings 6,591,000
Accumulated Other Comprehensive Income -1,486,000
Other Stockholders Equity 3,563,000
Total Stockholder Equity (as reported)8,677,000
Total Stockholder Equity (calculated)8,677,000
+/-0
Other
Capital Stock9,000
Cash and Short Term Investments 10,015,000
Common Stock Shares Outstanding 854,200
Current Deferred Revenue425,000
Liabilities and Stockholders Equity 32,822,000
Net Debt 4,669,000
Net Invested Capital 22,970,000
Net Working Capital 11,889,000
Property Plant and Equipment Gross 5,028,000
Short Long Term Debt Total 14,684,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
0
0
0
22,406,000
22,001,000
24,176,000
25,728,000
25,093,000
24,868,000
25,738,000
25,788,000
26,172,000
24,193,000
23,662,000
25,350,000
26,086,000
26,411,000
26,284,000
26,544,000
32,822,000
32,822,00026,544,00026,284,00026,411,00026,086,00025,350,00023,662,00024,193,00026,172,00025,788,00025,738,00024,868,00025,093,00025,728,00024,176,00022,001,00022,406,000000
   > Total Current Assets 
0
0
0
5,959,000
5,968,000
8,053,000
9,334,000
8,524,000
8,328,000
8,754,000
11,300,000
11,407,000
9,602,000
9,276,000
9,740,000
9,879,000
10,158,000
10,141,000
10,511,000
18,780,000
18,780,00010,511,00010,141,00010,158,0009,879,0009,740,0009,276,0009,602,00011,407,00011,300,0008,754,0008,328,0008,524,0009,334,0008,053,0005,968,0005,959,000000
       Cash And Cash Equivalents 
0
0
0
952,000
768,000
2,704,000
3,848,000
3,115,000
2,599,000
2,630,000
2,671,000
2,987,000
3,604,000
3,017,000
2,985,000
3,520,000
3,347,000
3,209,000
3,902,000
10,015,000
10,015,0003,902,0003,209,0003,347,0003,520,0002,985,0003,017,0003,604,0002,987,0002,671,0002,630,0002,599,0003,115,0003,848,0002,704,000768,000952,000000
       Net Receivables 
0
0
0
3,348,000
3,325,000
3,426,000
3,625,000
3,437,000
3,525,000
3,823,000
3,171,000
2,906,000
3,254,000
3,535,000
3,669,000
3,370,000
3,600,000
3,790,000
3,635,000
2,787,000
2,787,0003,635,0003,790,0003,600,0003,370,0003,669,0003,535,0003,254,0002,906,0003,171,0003,823,0003,525,0003,437,0003,625,0003,426,0003,325,0003,348,000000
       Other Current Assets 
0
0
0
327,000
319,000
284,000
280,000
343,000
350,000
416,000
3,532,000
3,544,000
386,000
374,000
422,000
349,000
408,000
443,000
412,000
447,000
447,000412,000443,000408,000349,000422,000374,000386,0003,544,0003,532,000416,000350,000343,000280,000284,000319,000327,000000
   > Long-term Assets 
0
0
0
16,447,000
16,033,000
16,123,000
16,394,000
16,569,000
16,540,000
16,984,000
14,488,000
14,765,000
14,591,000
14,386,000
15,610,000
16,207,000
16,253,000
16,143,000
16,033,000
14,042,000
14,042,00016,033,00016,143,00016,253,00016,207,00015,610,00014,386,00014,591,00014,765,00014,488,00016,984,00016,540,00016,569,00016,394,00016,123,00016,033,00016,447,000000
       Property Plant Equipment 
0
0
0
2,495,000
2,503,000
2,494,000
2,499,000
2,598,000
2,547,000
2,623,000
2,390,000
2,466,000
2,421,000
2,400,000
2,680,000
2,883,000
2,902,000
2,862,000
2,787,000
2,784,000
2,784,0002,787,0002,862,0002,902,0002,883,0002,680,0002,400,0002,421,0002,466,0002,390,0002,623,0002,547,0002,598,0002,499,0002,494,0002,503,0002,495,000000
       Goodwill 
0
0
0
9,884,000
9,648,000
9,735,000
9,906,000
10,139,000
10,077,000
10,279,000
9,237,000
9,349,000
9,288,000
9,067,000
9,621,000
9,977,000
9,987,000
9,927,000
9,825,000
7,989,000
7,989,0009,825,0009,927,0009,987,0009,977,0009,621,0009,067,0009,288,0009,349,0009,237,00010,279,00010,077,00010,139,0009,906,0009,735,0009,648,0009,884,000000
       Long Term Investments 
0
0
0
1,739,000
1,664,000
1,697,000
1,696,000
1,513,000
1,530,000
1,572,000
1,619,000
1,593,000
1,638,000
1,671,000
1,151,000
1,148,000
1,103,000
1,139,000
1,166,000
1,140,000
1,140,0001,166,0001,139,0001,103,0001,148,0001,151,0001,671,0001,638,0001,593,0001,619,0001,572,0001,530,0001,513,0001,696,0001,697,0001,664,0001,739,000000
       Intangible Assets 
0
0
0
1,083,000
1,014,000
1,024,000
1,024,000
1,037,000
1,002,000
1,071,000
481,000
509,000
488,000
458,000
1,309,000
1,342,000
1,287,000
1,181,000
1,100,000
1,028,000
1,028,0001,100,0001,181,0001,287,0001,342,0001,309,000458,000488,000509,000481,0001,071,0001,002,0001,037,0001,024,0001,024,0001,014,0001,083,000000
       Other Assets 
0
0
0
0
1,204,000
1,173,000
1,269,000
1,282,000
1,384,000
1,439,000
761,000
848,000
756,000
790,000
849,000
857,000
0
0
0
0
0000857,000849,000790,000756,000848,000761,0001,439,0001,384,0001,282,0001,269,0001,173,0001,204,0000000
> Total Liabilities 
0
0
0
7,971,000
18,975,000
19,810,000
20,291,000
18,515,000
18,050,000
18,618,000
18,566,000
19,078,000
16,763,000
16,670,000
17,887,000
18,010,000
17,943,000
17,996,000
18,042,000
23,817,000
23,817,00018,042,00017,996,00017,943,00018,010,00017,887,00016,670,00016,763,00019,078,00018,566,00018,618,00018,050,00018,515,00020,291,00019,810,00018,975,0007,971,000000
   > Total Current Liabilities 
0
0
0
4,469,000
4,451,000
4,789,000
5,182,000
5,110,000
5,138,000
5,604,000
6,068,000
6,627,000
5,531,000
5,546,000
6,013,000
6,032,000
5,958,000
6,234,000
6,349,000
6,891,000
6,891,0006,349,0006,234,0005,958,0006,032,0006,013,0005,546,0005,531,0006,627,0006,068,0005,604,0005,138,0005,110,0005,182,0004,789,0004,451,0004,469,000000
       Short-term Debt 
0
0
0
0
218,000
301,000
223,000
352,000
153,000
125,000
130,000
183,000
256,000
269,000
219,000
140,000
142,000
134,000
134,000
51,000
51,000134,000134,000142,000140,000219,000269,000256,000183,000130,000125,000153,000352,000223,000301,000218,0000000
       Short Long Term Debt 
0
0
0
0
218,000
301,000
223,000
191,000
153,000
125,000
130,000
183,000
256,000
269,000
219,000
140,000
142,000
134,000
134,000
51,000
51,000134,000134,000142,000140,000219,000269,000256,000183,000130,000125,000153,000191,000223,000301,000218,0000000
       Accounts payable 
0
0
0
1,701,000
1,776,000
1,765,000
2,019,000
1,936,000
2,175,000
2,362,000
2,158,000
2,334,000
2,519,000
2,403,000
2,817,000
2,833,000
2,926,000
2,956,000
2,887,000
2,742,000
2,742,0002,887,0002,956,0002,926,0002,833,0002,817,0002,403,0002,519,0002,334,0002,158,0002,362,0002,175,0001,936,0002,019,0001,765,0001,776,0001,701,000000
       Other Current Liabilities 
0
0
0
2,299,000
1,972,000
2,246,000
2,445,000
2,310,000
2,265,000
2,541,000
3,362,000
3,695,000
2,330,000
2,430,000
2,537,000
2,610,000
2,374,000
2,661,000
2,832,000
3,673,000
3,673,0002,832,0002,661,0002,374,0002,610,0002,537,0002,430,0002,330,0003,695,0003,362,0002,541,0002,265,0002,310,0002,445,0002,246,0001,972,0002,299,000000
   > Long-term Liabilities 
0
0
0
3,502,000
14,524,000
15,021,000
15,109,000
13,405,000
12,912,000
13,014,000
12,498,000
12,451,000
11,232,000
11,124,000
11,874,000
11,978,000
11,985,000
11,762,000
11,693,000
16,926,000
16,926,00011,693,00011,762,00011,985,00011,978,00011,874,00011,124,00011,232,00012,451,00012,498,00013,014,00012,912,00013,405,00015,109,00015,021,00014,524,0003,502,000000
       Other Liabilities 
0
0
0
0
2,787,000
2,605,000
2,682,000
2,727,000
2,714,000
2,779,000
2,425,000
2,411,000
2,436,000
2,336,000
2,690,000
2,747,000
0
0
0
0
00002,747,0002,690,0002,336,0002,436,0002,411,0002,425,0002,779,0002,714,0002,727,0002,682,0002,605,0002,787,0000000
> Total Stockholder Equity
0
0
0
14,102,000
2,697,000
4,028,000
5,096,000
6,252,000
6,489,000
6,756,000
6,900,000
6,767,000
7,101,000
6,696,000
7,152,000
7,758,000
8,134,000
7,969,000
8,184,000
8,677,000
8,677,0008,184,0007,969,0008,134,0007,758,0007,152,0006,696,0007,101,0006,767,0006,900,0006,756,0006,489,0006,252,0005,096,0004,028,0002,697,00014,102,000000
   Common Stock
0
0
0
15,355,000
4,433,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,000
9,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0009,0004,433,00015,355,000000
   Retained Earnings Total Equity00000000000000000000
   Accumulated Other Comprehensive Income -1,486,000-1,856,000-1,691,000-1,636,000-1,688,000-2,405,000-1,775,000-1,297,000-989,000-991,000-794,000-859,000-745,000-1,172,000-1,479,000-1,736,000-1,253,000000
   Capital Surplus 00000000000000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
0
0
0
0
-1,736,000
5,307,000
5,327,000
5,345,000
5,312,000
5,236,000
5,108,000
4,882,000
4,145,000
3,898,000
3,672,000
3,571,000
3,522,000
3,522,000
3,545,000
3,563,000
3,563,0003,545,0003,522,0003,522,0003,571,0003,672,0003,898,0004,145,0004,882,0005,108,0005,236,0005,312,0005,345,0005,327,0005,307,000-1,736,0000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue22,098,000
Cost of Revenue-15,715,000
Gross Profit6,383,0006,383,000
 
Operating Income (+$)
Gross Profit6,383,000
Operating Expense-3,915,000
Operating Income2,296,0002,468,000
 
Operating Expense (+$)
Research Development617,000
Selling General Administrative3,298,000
Selling And Marketing Expenses-
Operating Expense3,915,0003,915,000
 
Net Interest Income (+$)
Interest Income109,000
Interest Expense-362,000
Other Finance Cost-35,000
Net Interest Income-218,000
 
Pretax Income (+$)
Operating Income2,296,000
Net Interest Income-218,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)2,084,0002,469,000
EBIT - interestExpense = 2,485,000
1,993,000
1,711,000
Interest Expense362,000
Earnings Before Interest and Taxes (EBIT)2,847,0002,446,000
Earnings Before Interest and Taxes (EBITDA)3,389,000
 
After tax Income (+$)
Income Before Tax2,084,000
Tax Provision-623,000
Net Income From Continuing Ops1,279,0001,461,000
Net Income1,349,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses19,630,000
Total Other Income/Expenses Net-173,000218,000
 

Technical Analysis of Carrier Global Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Carrier Global Corp. The general trend of Carrier Global Corp is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Carrier Global Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Carrier Global Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 54.01.

The bearish price targets are: 52.20 > 49.44 > 49.40.

Tweet this
Carrier Global Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Carrier Global Corp. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Carrier Global Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Carrier Global Corp. The current macd is 0.53538002.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Carrier Global Corp price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Carrier Global Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Carrier Global Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Carrier Global Corp Daily Moving Average Convergence/Divergence (MACD) ChartCarrier Global Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Carrier Global Corp. The current adx is 12.66.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Carrier Global Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Carrier Global Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Carrier Global Corp. The current sar is 52.76.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Carrier Global Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Carrier Global Corp. The current rsi is 55.23. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Carrier Global Corp Daily Relative Strength Index (RSI) ChartCarrier Global Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Carrier Global Corp. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Carrier Global Corp price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Carrier Global Corp Daily Stochastic Oscillator ChartCarrier Global Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Carrier Global Corp. The current cci is 42.66.

Carrier Global Corp Daily Commodity Channel Index (CCI) ChartCarrier Global Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Carrier Global Corp. The current cmo is 9.86372415.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Carrier Global Corp Daily Chande Momentum Oscillator (CMO) ChartCarrier Global Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Carrier Global Corp. The current willr is -50.70422535.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Carrier Global Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Carrier Global Corp Daily Williams %R ChartCarrier Global Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Carrier Global Corp.

Carrier Global Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Carrier Global Corp. The current atr is 0.91302764.

Carrier Global Corp Daily Average True Range (ATR) ChartCarrier Global Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Carrier Global Corp. The current obv is 159,706.

Carrier Global Corp Daily On-Balance Volume (OBV) ChartCarrier Global Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Carrier Global Corp. The current mfi is 26.71.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Carrier Global Corp Daily Money Flow Index (MFI) ChartCarrier Global Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Carrier Global Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-09MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-10MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Carrier Global Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Carrier Global Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.232
Ma 20Greater thanMa 5053.145
Ma 50Greater thanMa 10051.804
Ma 100Greater thanMa 20050.947
OpenGreater thanClose53.450
Total4/5 (80.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Carrier Global Corp with someone you think should read this too:
  • Are you bullish or bearish on Carrier Global Corp? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Carrier Global Corp? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Carrier Global Corp

I send you an email if I find something interesting about Carrier Global Corp.


Comments

How you think about this?

Leave a comment

Stay informed about Carrier Global Corp.

Receive notifications about Carrier Global Corp in your mailbox!