CATERPILLAR INC. - Daily - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 375.04 USD
My targets
348.64 USD (-4.23%)
328.27 USD (-9.83%)
My analysis
CATERPILLAR INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 375.04 USD. The next support located at 348.64 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 328.27 USD. Below this support, sellers could then target 316.34 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CATERPILLAR INC. price is 364.04 USD. The price registered a decrease of -0.23% on the session and was between 358.74 USD and 364.82 USD. This implies that the price is at +1.48% from its lowest and at -0.21% from its highest.358.74
364.82
364.04
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CATERPILLAR INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CATERPILLAR INC. chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 328.27 | 348.64 | 360.29 | 364.04 | 375.04 | 407.83 | 416.88 |
| Change (%) | -9.83% | -4.23% | -1.03% | - | +3.02% | +12.03% | +14.51% |
| Change | -35.77 | -15.40 | -3.75 | - | +11.00 | +43.79 | +52.84 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 356.29 | 359.02 | 361.94 | 364.67 | 367.59 | 370.32 | 373.24 |
| Camarilla | 363.31 | 363.82 | 364.34 | 364.86 | 365.38 | 365.90 | 366.41 |
| Woodie | 356.39 | 359.07 | 362.04 | 364.72 | 367.69 | 370.37 | 373.34 |
| Fibonacci | 359.02 | 361.18 | 362.51 | 364.67 | 366.83 | 368.16 | 370.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 355.63 | 358.56 | 361.71 | 364.64 | 367.79 | 370.72 | 373.87 |
| Camarilla | 363.19 | 363.75 | 364.30 | 364.86 | 365.42 | 365.98 | 366.53 |
| Woodie | 355.74 | 358.62 | 361.82 | 364.70 | 367.90 | 370.78 | 373.98 |
| Fibonacci | 358.56 | 360.88 | 362.32 | 364.64 | 366.96 | 368.40 | 370.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 338.65 | 356.97 | 381.85 | 400.17 | 425.05 | 443.37 | 468.25 |
| Camarilla | 394.84 | 398.80 | 402.76 | 406.72 | 410.68 | 414.64 | 418.60 |
| Woodie | 341.92 | 358.61 | 385.12 | 401.81 | 428.32 | 445.01 | 471.52 |
| Fibonacci | 356.97 | 373.48 | 383.67 | 400.17 | 416.68 | 426.87 | 443.37 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.96 | |
| MACD (12,26,9): | -7.5700 | |
| Directional Movement: | -19.80 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 367.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 378.82 | |
| Elder Ray (13): | -10.32 | |
| Super Trend (3,10): | 384.15 | |
| Zig ZAG (10): | 363.79 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 17.13 | |
| TEMA (21): | 360.62 | |
| Williams %R (14): | -82.59 | |
| Chande Momentum Oscillator (20): | -24.97 | |
| Repulse (5,40,3): | 2.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 15.08 |
| MA7: | 365.04 | |
| MA20: | 380.14 | |
| MA50: | 386.63 | |
| MA100: | 373.84 | |
| MAexp7: | 366.97 | |
| MAexp20: | 375.99 | |
| MAexp50: | 380.68 | |
| MAexp100: | 373.56 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -4.24% | |
| Price / MA50: | -5.84% | |
| Price / MA100: | -2.62% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -3.18% | |
| Price / MAexp50: | -4.37% | |
| Price / MAexp100: | -2.55% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on CATERPILLAR INC.. At the time of publication of this analysis, the latest news was as follows:
- Caterpillar Inc. Maintains Dividend
- Caterpillar Invites World's Most-Skilled Operators to Forge Their Legacies through Third Global Operator Challenge
- Caterpillar Raises Record $15.2 Million in United Way Campaign
- Kennametal Named Among Top of Caterpillar Inc's 2024 Indirect Suppliers
- Caterpillar Paves the Way for Future Technology Advancements with Launch of Autonomous Cat® 777 Off-Highway Truck at Luck Stone Quarry
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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