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| Daily MACD Divergence: | Bearish |
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| Number of records: 10 |
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- 6/7/2024 -
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Caterpillar Inc. (CAT) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the Caterpillar Inc. (CAT). During the week, the CAT dropped -9.58 points, or -2.83%, and closed at 328.94 on Friday, June 7, 2024. Weekly volume was 14% above 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 trend support level is at 258.34 and resistance is at 340.42. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See CAT medium-term trend chart]
A medium-term downtrend had started on April 8, 2024 at 382.01 and reached 323.72 on June 7, 2024. CAT lost 58.29 points, or 15.26%, in 8 weeks. The price is now at the 8.96% retracement level.
 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. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See CAT short-term trend chart]
A short-term downtrend had started on May 20, 2024 at 364.43 and reached 323.72 on June 7, 2024. CAT lost 40.71 points, or 11.17%, in 18 days. The price is now at the 12.82% retracement level.
 Daily Technical Indicators: [See CAT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 24, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
3 |
| Industry |
Construction Machinery & Heavy Trucks |
64 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
364.43 |
| High Date |
05/20/2024 |
| Low |
323.72 |
| Low Date |
06/07/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
382.01 |
| High Date |
04/08/2024 |
| Low |
323.72 |
| Low Date |
06/07/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
223.76 |
| Low Date |
10/31/2023 |
| High |
382.01 |
| High Date |
04/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
340.42 |
| Support |
258.34 |
| Low |
160.60 |
| Low Date |
09/27/2022 |
| High |
382.01 |
| High Date |
04/08/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
56.36 |
| Low Date |
01/20/2016 |
| High |
382.01 |
| High Date |
04/08/2024 |
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