|
Downtrend ResistanceArchive - 1/10/2025 - Sign In to see current Signals. |
Caterpillar Inc. (CAT) Technical Analysis |
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
| |
|
|