CATERPILLAR INC. - 1H - Technical analysis published on 05/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 108.67 USD
My targets
106.58 USD (-0.75%)
103.01 USD (-4.08%)
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 108.67 USD. The next support located at 106.58 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 103.01 USD. Below this support, sellers could then target 92.32 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CATERPILLAR INC. price is 107.39 USD. The price registered a decrease of -1.40% on the session with the lowest point at 106.70 USD and the highest point at 110.24 USD. The deviation from the price is +0.65% for the low point and -2.59% for the high point.106.70
110.24
107.39
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CATERPILLAR INC. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 92.32 | 103.01 | 106.58 | 107.39 | 108.67 | 112.12 | 115.94 |
| Change (%) | -14.03% | -4.08% | -0.75% | - | +1.19% | +4.40% | +7.96% |
| Change | -15.07 | -4.38 | -0.81 | - | +1.28 | +4.73 | +8.55 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.72 | 107.23 | 108.07 | 109.58 | 110.42 | 111.93 | 112.77 |
| Camarilla | 108.26 | 108.48 | 108.70 | 108.91 | 109.13 | 109.34 | 109.56 |
| Woodie | 105.39 | 107.06 | 107.74 | 109.41 | 110.09 | 111.76 | 112.44 |
| Fibonacci | 107.23 | 108.13 | 108.68 | 109.58 | 110.48 | 111.03 | 111.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.71 | 102.72 | 106.80 | 113.81 | 117.89 | 124.90 | 128.98 |
| Camarilla | 107.83 | 108.85 | 109.86 | 110.88 | 111.90 | 112.91 | 113.93 |
| Woodie | 94.25 | 101.99 | 105.34 | 113.08 | 116.43 | 124.17 | 127.52 |
| Fibonacci | 102.72 | 106.96 | 109.57 | 113.81 | 118.05 | 120.66 | 124.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.14 | 97.01 | 106.69 | 117.56 | 127.24 | 138.11 | 147.80 |
| Camarilla | 110.73 | 112.61 | 114.50 | 116.38 | 118.26 | 120.15 | 122.03 |
| Woodie | 85.55 | 96.71 | 106.10 | 117.26 | 126.66 | 137.81 | 147.21 |
| Fibonacci | 97.01 | 104.86 | 109.71 | 117.56 | 125.41 | 130.26 | 138.11 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.84 | |
| MACD (12,26,9): | -1.2100 | |
| Directional Movement: | -14.80 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 108.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.09 | |
| Elder Ray (13): | -1.19 | |
| Super Trend (3,10): | 110.96 | |
| Zig ZAG (10): | 106.77 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 29.43 | |
| TEMA (21): | 107.74 | |
| Williams %R (14): | -96.77 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -3.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 0.80 |
| MA7: | 112.35 | |
| MA20: | 114.09 | |
| MA50: | 111.44 | |
| MA100: | 125.79 | |
| MAexp7: | 108.63 | |
| MAexp20: | 109.53 | |
| MAexp50: | 111.44 | |
| MAexp100: | 112.39 | |
| Price / MA7: | -4.41% | |
| Price / MA20: | -5.87% | |
| Price / MA50: | -3.63% | |
| Price / MA100: | -14.63% | |
| Price / MAexp7: | -1.14% | |
| Price / MAexp20: | -1.95% | |
| Price / MAexp50: | -3.63% | |
| Price / MAexp100: | -4.45% |
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 Reports Progress on Enterprise Strategy, Sustainability
- Caterpillar Announces Virtual 2020 Shareholder Meeting
- Caterpillar Reports First-Quarter 2020 Results
- Caterpillar Inc. to Announce First-Quarter 2020 Financial Results on April 28
- Caterpillar Inc. Maintains Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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