CATERPILLAR INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	CAT
ISIN:

CATERPILLAR INC. - Daily - Technical analysis published on 09/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

11%

50%

My opinion

Bullish above 263.24 USD

My targets

288.65 USD (+2.35%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CATERPILLAR INC. as long as the price remains well above 263.24 USD. The buyers' bullish objective is set at 288.65 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The CATERPILLAR INC. price is 282.01 USD. On the day, this instrument lost -0.01% and was between 279.82 USD and 284.71 USD. This implies that the price is at +0.78% from its lowest and at -0.95% from its highest.

279.82

284.71

282.01

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CATERPILLAR INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CATERPILLAR INC. chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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 resistance

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	234.35	246.38	263.24	282.01	288.65
Change (%)	-16.90%	-12.63%	-6.66%	-	+2.35%
Change	-47.66	-35.63	-18.77	-	+6.64
Level	Major	Minor	Major	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	274.62	277.28	279.67	282.33	284.72	287.38	289.77
Camarilla	280.66	281.12	281.59	282.05	282.51	282.98	283.44
Woodie	274.48	277.21	279.53	282.26	284.58	287.31	289.63
Fibonacci	277.28	279.21	280.40	282.33	284.26	285.45	287.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	265.06	271.35	276.82	283.11	288.58	294.87	300.34
Camarilla	279.05	280.12	281.20	282.28	283.36	284.44	285.51
Woodie	264.64	271.15	276.40	282.91	288.16	294.67	299.92
Fibonacci	271.35	275.85	278.62	283.11	287.61	290.38	294.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	243.58	256.19	268.66	281.27	293.74	306.35	318.82
Camarilla	274.23	276.53	278.83	281.13	283.43	285.73	288.03
Woodie	243.51	256.16	268.59	281.24	293.67	306.32	318.75
Fibonacci	256.19	265.77	271.69	281.27	290.85	296.77	306.35

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.45
MACD (12,26,9):	3.5700
Directional Movement:	9.15
AROON (14):	42.86
DEMA (21):	284.04
Parabolic SAR (0,02-0,02-0,2):	277.12
Elder Ray (13):	1.76
Super Trend (3,10):	269.27
Zig ZAG (10):	282.28
VORTEX (21):	0.9300
Stochastique (14,3,5):	64.92
TEMA (21):	282.18
Williams %R (14):	-35.08
Chande Momentum Oscillator (20):	12.89
Repulse (5,40,3):	0.2600
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	6.06

MA7:	282.68
MA20:	277.79
MA50:	269.80
MA100:	246.11
MAexp7:	281.74
MAexp20:	278.88
MAexp50:	268.84
MAexp100:	255.17
Price / MA7:	-0.24%
Price / MA20:	+1.52%
Price / MA50:	+4.53%
Price / MA100:	+14.59%
Price / MAexp7:	+0.10%
Price / MAexp20:	+1.12%
Price / MAexp50:	+4.90%
Price / MAexp100:	+10.52%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on CATERPILLAR INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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