Photo by Joshua Mayo on Unsplash
 

The Chart of the Day belongs to HVAC company Carrier Global (CARR). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 6/6 the stock gained 25.62%.

(Click on image to enlarge)

CARR Price vs Daily Moving Averages

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. 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, 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. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company 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. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

• 100% technical buy signals
• 51.20+ Weighted Alpha
• 48.20% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 16 new highs and up 17.50% in the last month
• Relative Strength Index 83.04%
• The technical support level at $54.84
• Recently traded at $55.16 with a 50-day moving average of $46.47
   

Fundamental Factors:

• Market Cap $46.12 billion
• P/E 23.62
• Dividend yield 1.36%
• Revenue is projected to grow 8.90% this year and another 3.80% next year
• Earnings are estimated to increase 10.30% this year, an additional 8.50% next year, and compound at an annual rate of 9.03% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 4 strong buy, 5 buy, and 14 hold opinions on the stock
• Analysts price targets are $45 to $58 - wide range
• Value Line ranks the stock an average 3
• CFRAs MarketScope rates it a 3 star hold buy
• 72,370 investors monitor the stock on Seeking Alpha

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