The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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Caterpillar Inc. (CAT) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtMACD bearish divergence
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It was a eighth consecutive positive week for the Caterpillar Inc. (CAT). During the week, the CAT gained 7.78 points, or 2.29%, and closed at 346.97 on Friday, March 15, 2024. Weekly volume was -28% below average.

CAT is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CAT long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 160.60 and reached 347.29 on March 15, 2024. CAT gained -186.69 points, or -116.25%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (245.72) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 347.29 on March 15, 2024. CAT gained -123.53 points, or -55.21%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 331.92 and resistance is at 379.39. 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 February 13, 2024 at 310.79 and reached 347.29 on March 15, 2024. CAT gained -36.50 points, or -11.74%, in 31 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See CAT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish 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 bearish divergence.

The daily MACD line is above its signal line since March 14, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.50
Williams' Percentage Range (W%R) 12.50
Overbought
Lane's Stochastic (%D-Slow) 67.60
Greed/Fear Indicator (GFI) 76.87
Moving Average Converg./Diverg. (MACD) 8.28 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.33
Overbought Bearish
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 86.47
Overbought Bearish
Greed/Fear Indicator (GFI) 82.61
Overbought
Moving Average Converg./Diverg. (MACD) 14.90
Trading Signals
Description Value Chart
Monthly Trendline Resistance 379.39
Upper Bollinger Band 349.77
Price 346.97
Daily Stochastic Crossing 343.05
Weekly Stochastic Crossing 339.39
Parabolic System 337.22
20 Day Moving Average 332.09
Monthly Trendline Support 331.92
Quarterly Trendline Resistance 327.81
Lower Bollinger Band 314.63
50 Day Moving Average 313.82
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Construction Machinery & Heavy Trucks 123
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 310.79
Low Date 02/13/2024
High 347.29
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 276.94
Low Date 01/17/2024
High 347.29
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 379.39
Support 331.92
Low 223.76
Low Date 10/31/2023
High 347.29
High Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 327.81
Support 245.72
Low 160.60
Low Date 09/27/2022
High 347.29
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.36
Low Date 01/20/2016
High 347.29
High Date 03/15/2024
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.