Carriage Services Inc

The asset is in a Stage 4 decline with clear lower highs and lower lows under declining EMAs, supporting a bearish medium-term bias and short-term timing that favors selling rallies into the 9- and 20-EMA. The long-term uptrend remains intact but is out of phase with the current downtrend, so we recommend selling on rejections at short-term resistance while monitoring for any reclaim of key moving averages.

• ↑Q1 revenue of $107.1 M (+3.5% YoY) shows post-COVID stability
• ↑Pre-need internment rights sold rose 22.9%, bolstering future cash flows
• ↓Funeral home admissions fell 5.8%, dragging revenue by 0.9%