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| Candlesticks Name: | Bearish Advance Block |
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| Number of records: 3 |
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- 5/3/2024 -
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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 -6.63 points, or -1.93%, and closed at 336.75 on Friday, May 3, 2024. CAT was trading at average weekly trading volume.
 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 price is near the trend resistance line (335.20). The resistance is usually stronger when technical indicators are overbought. 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 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 Rising Channel chart pattern. The uptrend support line (363.49) 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 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 8, 2024 at 382.01 and reached 329.25 on May 2, 2024. CAT lost 52.76 points, or 13.81%, in 24 days. The price is now at the 14.22% retracement level.
 Daily Technical Indicators: [See CAT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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 April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
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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 |
7 |
| Industry |
Construction Machinery & Heavy Trucks |
96 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
368.17 |
| High Date |
04/24/2024 |
| Low |
329.25 |
| Low Date |
05/02/2024 |
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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 |
329.25 |
| Low Date |
05/02/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
399.98 |
| Support |
363.49 |
| 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 |
Test Resistance |
| Resistance |
335.20 |
| Support |
253.12 |
| 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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