Carriage Services' 15-minute chart shows RSI oversold and bullish Marubozu pattern.

According to the 15-minute chart for Carriage Services, the Relative Strength Index (RSI) has reached oversold levels, accompanied by a bullish Marubozu candlestick pattern on August 20, 2025 at 13:00. This suggests that the stock price has dropped precipitously, falling below its fundamental support levels, and indicates that buyers are now in control of the market. Consequently, it is likely that the bullish momentum will persist.

Carriage Services, Inc. (NYSE: CSV) has been the focus of increased institutional investment and positive analyst ratings, despite recent technical indicators suggesting potential oversold conditions. The stock has seen a significant increase in holdings by several major investors, including LPL Financial LLC, which boosted its stake by 120.2% in the first quarter [1].

LPL Financial LLC now owns 135,893 shares of Carriage Services, valued at approximately $5.27 million. Other notable institutional investors have also increased their positions in the company. Dimensional Fund Advisors LP, Geode Capital Management LLC, Allspring Global Investments Holdings LLC, JPMorgan Chase & Co., and Nuveen Asset Management LLC have all increased their holdings in Carriage Services during the fourth quarter [1].

Analysts have been generally optimistic about Carriage Services. B. Riley reaffirmed a "buy" rating and set a new price target of $65.00, while Zacks Research upgraded the stock to a "strong-buy" rating. Barrington Research also lifted its price target to $60.00 with an "outperform" rating [1].

Technical indicators, however, suggest a potential oversold condition. According to the 15-minute chart for Carriage Services, the Relative Strength Index (RSI) reached oversold levels on August 20, 2025, at 13:00, accompanied by a bullish Marubozu candlestick pattern. This pattern suggests that the stock price has dropped precipitously, falling below its fundamental support levels, and indicates that buyers are now in control of the market [2].

Despite these technical indicators, the bullish momentum among analysts and institutional investors may suggest continued upward pressure on the stock. Carriage Services reported earnings per share of $0.74 in its latest quarter, beating analyst expectations by $0.02 [1]. The company also announced a quarterly dividend of $0.1125 per share, with an annualized dividend of $0.45 and a dividend yield of 1.0% [1].

In conclusion, while technical indicators suggest potential oversold conditions, the increased institutional investment and positive analyst ratings may indicate that Carriage Services is poised for further growth. Investors should closely monitor the stock's performance and consider the implications of both technical and fundamental factors.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-lpl-financial-llc-increases-holdings-in-carriage-services-inc-nysecsv-2025-08-13/
[2] Provided writing topic