Carpenter Technology's 15min chart shows MACD Death Cross and KDJ Death Cross.

Based on the 15-minute chart of Carpenter Technology, a significant technical indicator has been triggered, as the MACD Death Cross and KDJ Death Cross occurred at 08/27/2025 15:15. This technical event suggests that the stock price has the potential to continue declining, as the momentum of the stock price is shifting towards the downside, with a potential for further decrease.

Carpenter Technology (CRS), a member of the Basic Materials sector, has shown strong performance this year, with a year-to-date return of 42.2% [1]. This outperformance is notable, as the sector has returned an average of 15.1% over the same period. However, a significant technical indicator has been triggered, suggesting potential downward momentum.

On August 27, 2025, at 15:15, the MACD Death Cross and KDJ Death Cross occurred on the 15-minute chart of Carpenter Technology. These technical events indicate a shift in the stock's momentum towards the downside, potentially signaling further price declines. This development comes despite the stock's strong earnings outlook, with the Zacks Consensus Estimate for CRS' full-year earnings moving 4.2% higher over the past three months [1].

While Carpenter Technology has outperformed its sector, it is not the only stock in the Basic Materials sector showing strong performance. Norsk Hydro ASA (NHYDY), another Basic Materials stock, has a year-to-date return of 16.8% and a Zacks Rank of #2 (Buy) [1]. However, Norsk Hydro ASA belongs to the Mining - Miscellaneous industry, which is ranked #146, having moved +17.2% so far this year.

Investors should continue to monitor Carpenter Technology and Norsk Hydro ASA. While the sector has shown strong performance, the technical indicators for Carpenter Technology suggest a potential shift in its momentum. As always, investors should consider their risk tolerance and consult with financial advisors before making investment decisions.

References:
[1] https://finance.yahoo.com/news/basic-materials-stocks-lagging-carpenter-134003886.html