Is Carpenter Technology Corp. technically bullish or bearish?

Jun 25 2025 08:07 AM IST
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As of May 2, 2025, the market trend is bullish with strong indicators like MACD and KST supporting this view, although the weekly RSI suggests some short-term weakness.
As of 2 May 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and the KST also shows bullish momentum in both time frames. Moving averages on the daily chart confirm a bullish trend. Bollinger Bands are bullish on both weekly and monthly charts, indicating strong price action. However, the weekly RSI is bearish, suggesting some short-term weakness, while the monthly RSI shows no signal. Overall, the strength of the bullish trend is reinforced by the Dow Theory, which is bullish on both weekly and monthly time frames.
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