Objective long/short (CARR) Report

October 31, 2024, 10:14 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CARR

• Buy CARR near 69.29 target 75.21 stop loss @ 69.09 Details

The technical summary data tells us to buy CARR near 69.29 with an upside target of 75.21. This data also tells us to set a stop loss @ 69.09 to protect against excessive loss in case the stock begins to move against the trade. 69.29 is the first level of support below 73.42 , and by rule, any test of support is a buy signal. In this case, support 69.29 would be being tested, so a buy signal would exist.

• Short CARR slightly under 75.21, target 69.29, stop loss @ 75.43 Details

The technical summary data is suggesting a short of CARR as it gets near 75.21 with a downside target of 69.29. We should have a stop loss in place at 75.43though. 75.21 is the first level of resistance above 73.42, and by rule, any test of resistance is a short signal. In this case, if resistance 75.21 is being tested, so a short signal would exist.

Swing Trading Plans for CARR

• Buy CARR slightly over 74.73, target 75.21, Stop Loss @ 74.51 Details

If 74.73 begins to break higher, the technical summary data tells us to buy CARR just slightly over 74.73, with an upside target of 75.21. The data also tells us to set a stop loss @ 74.51 in case the stock turns against the trade. 74.73 is the first level of resistance above 73.42, and by rule, any break above resistance is a buy signal. In this case, 74.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CARR slightly near 74.73, target 70.87, Stop Loss @ 74.95. Details

The technical summary data is suggesting a short of CARR if it tests 74.73 with a downside target of 70.87. We should have a stop loss in place at 74.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CARR

• Buy CARR slightly over 73.77, target 74.73, Stop Loss @ 73.6 Details

If 73.77 begins to break higher, the technical summary data tells us to buy CARR just slightly over 73.77, with an upside target of 74.73. The data also tells us to set a stop loss @ 73.6 in case the stock turns against the trade. 73.77 is the first level of resistance above 73.42, and by rule, any break above resistance is a buy signal. In this case, 73.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CARR slightly near 73.77, target 70.87, Stop Loss @ 73.94. Details

The technical summary data is suggesting a short of CARR if it tests 73.77 with a downside target of 70.87. We should have a stop loss in place at 73.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 73.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Carrier Global Corporation (CARR) available here: CARR.

CARR Ratings for October 31:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	69.29
P2	73.77	70.87	75.21
P3	75.32	74.73	80.76

AI Generated Signals for CARR

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Carrier Global Corporation (NASDAQ: CARR) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CARR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CARR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CARR too.  All of these are offered below the Summary Table.