The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 1/10/2025 -
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Caterpillar Inc. (CAT) Technical Analysis

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Summary:
Weekly :Trend support at 344.00Broken trend support line
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldRelative Strength Index and MACD bullish divergence
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It was the negative week for the Caterpillar Inc. (CAT). During the week, the CAT dropped -12.80 points, or -3.52%, and closed at 351.00 on Friday, January 10, 2025. Weekly volume was -18% 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 418.50 on November 7, 2024. CAT gained -257.90 points, or -160.59%, in 110 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (344.00) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See CAT medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 307.05 and reached 418.50 on November 7, 2024. CAT gained -111.45 points, or -36.30%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (413.18) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CAT may retest the broken support line. It is considered to be a resistance line now. 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 support 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 December 13, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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 November 27, 2024 at 412.10 and reached 349.80 on January 10, 2025. CAT lost 62.30 points, or 15.12%, in 44 days. Price is near the trend low.

Daily Technical Indicators: [See CAT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Relative Strength Index and MACD have bullish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and 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 Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.71
Bullish
Williams' Percentage Range (W%R) 80.80
Oversold
Lane's Stochastic (%D-Slow) 32.16
Greed/Fear Indicator (GFI) 28.03
Moving Average Converg./Diverg. (MACD) -7.15 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.18
Williams' Percentage Range (W%R) 65.70
Lane's Stochastic (%D-Slow) 22.03
Greed/Fear Indicator (GFI) 32.60
Moving Average Converg./Diverg. (MACD) 13.32
Trading Signals
Description Value Chart
Monthly Trendline Support 413.18
Upper Bollinger Band 386.24
50 Day Moving Average 382.79
Parabolic System 370.32
20 Day Moving Average 367.45
Weekly Stochastic Crossing 357.72
Daily Stochastic Crossing 356.01
Lower Bollinger Band 351.15
Price 351.00
Quarterly Trendline Support 344.00
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Construction Machinery & Heavy Trucks 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 412.10
High Date 11/27/2024
Low 349.80
Low Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 418.50
High Date 11/07/2024
Low 349.80
Low Date 01/10/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 476.51
Support 413.18
Low 307.05
Low Date 08/05/2024
High 418.50
High Date 11/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 426.84
Support 344.00
Low 160.60
Low Date 09/27/2022
High 418.50
High Date 11/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.36
Low Date 01/20/2016
High 418.50
High Date 11/07/2024
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Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.