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Advanced TA SearchArchive
- 5/17/2024 -
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Caterpillar Inc. (CAT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 4 consecutive negative weeks for the Caterpillar Inc. (CAT). During the week, the CAT climbed 1.48 points, or 0.42%, and closed at 356.27 on Friday, May 17, 2024. Weekly volume was -26% below average.
 Long-term trend: [See CAT long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 160.60 and reached 382.01 on April 8, 2024. CAT gained -221.41 points, or -137.86%, in 79 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (255.29) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CAT medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 223.76 and reached 382.01 on April 8, 2024. CAT gained -158.25 points, or -70.72%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 340.99 and resistance is at 417.33. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CAT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 3, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See CAT short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 329.25 and reached 363.31 on May 15, 2024. CAT gained -34.06 points, or -10.34%, in 13 days. The price is now at the 20.67% retracement level.
Daily Technical Indicators: [See CAT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 9, 2024. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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