Carlisle Companies (CSL) Trading Report

May 15, 2022, 18:00 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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 Carlisle Companies (NYSE: CSL) 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 CSL 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 CSL 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 CSL too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for CSL

• Buy CSL slightly over 234.25 target 251.01 stop loss @ 233.57 Details

The technical summary data tells us to buy CSL near 234.25 with an upside target of 251.01. This data also tells us to set a stop loss @ 233.57 to protect against excessive loss in case the stock begins to move against the trade. 234.25 is the first level of support below 245.65 , and by rule, any test of support is a buy signal. In this case, support 234.25 would be being tested, so a buy signal would exist.

• Short CSL under 251.01, target 234.25, stop loss @ 251.73 Details

The technical summary data is suggesting a short of CSL as it gets near 251.01 with a downside target of 234.25. We should have a stop loss in place at 251.73though. 251.01 is the first level of resistance above 245.65, and by rule, any test of resistance is a short signal. In this case, if resistance 251.01 is being tested, so a short signal would exist.

Swing Trading Plans for CSL

• Buy CSL slightly over 251.01, target 258.23, Stop Loss @ 250.29 Details

If 251.01 begins to break higher, the technical summary data tells us to buy CSL just slightly over 251.01, with an upside target of 258.23. The data also tells us to set a stop loss @ 250.29 in case the stock turns against the trade. 251.01 is the first level of resistance above 245.65, and by rule, any break above resistance is a buy signal. In this case, 251.01, 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 CSL near 251.01, target 234.25, Stop Loss @ 251.73. Details

The technical summary data is suggesting a short of CSL if it tests 251.01 with a downside target of 234.25. We should have a stop loss in place at 251.73 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, 251.01, 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 CSL

• Buy CSL slightly over 251.01, target 252.86, Stop Loss @ 250.42 Details

If 251.01 begins to break higher, the technical summary data tells us to buy CSL just slightly over 251.01, with an upside target of 252.86. The data also tells us to set a stop loss @ 250.42 in case the stock turns against the trade. 251.01 is the first level of resistance above 245.65, and by rule, any break above resistance is a buy signal. In this case, 251.01, 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 CSL near 251.01, target 234.25, Stop Loss @ 251.6. Details

The technical summary data is suggesting a short of CSL if it tests 251.01 with a downside target of 234.25. We should have a stop loss in place at 251.6 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, 251.01, 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.

CSL Ratings for May 15:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	234.25
P2	252.86	258.23	251.01
P3	260.57	272.92	267.04

Support and Resistance Plot Chart for CSL

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