CATERPILLAR INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CAT
ISIN:

CATERPILLAR INC. - 1H - Technical analysis published on 05/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 357.35 USD

My targets

368.17 USD (+1.62%)

373.10 USD (+2.98%)

My analysis

The bullish trend is currently very strong on CATERPILLAR INC.. As long as the price remains above the support at 357.35 USD, you could try to benefit from the boom. The first bullish objective is located at 368.17 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 373.10 USD as an objective. Crossing it would then enable buyers to target 377.92 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CATERPILLAR INC. rating 362.31 USD. On the day, this instrument gained +1.70% and was traded between 354.77 USD and 362.49 USD over the period. The price is currently at +2.13% from its lowest and -0.05% from its highest.

354.77

362.49

362.31

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CATERPILLAR INC. in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	342.14	351.78	357.35	362.31	363.46	368.17	373.10
Change (%)	-5.57%	-2.91%	-1.37%	-	+0.32%	+1.62%	+2.98%
Change	-20.17	-10.53	-4.96	-	+1.15	+5.86	+10.79
Level	Minor	Major	Minor	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	348.23	349.90	353.08	354.75	357.93	359.60	362.78
Camarilla	354.94	355.38	355.83	356.27	356.72	357.16	357.60
Woodie	349.00	350.28	353.85	355.13	358.70	359.98	363.55
Fibonacci	349.90	351.75	352.89	354.75	356.60	357.74	359.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	335.78	342.70	349.48	356.40	363.18	370.10	376.88
Camarilla	352.50	353.76	355.01	356.27	357.53	358.78	360.04
Woodie	335.72	342.67	349.42	356.37	363.12	370.07	376.82
Fibonacci	342.70	347.93	351.16	356.40	361.63	364.86	370.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	266.09	298.20	316.39	348.50	366.69	398.80	416.99
Camarilla	320.74	325.35	329.96	334.57	339.18	343.79	348.40
Woodie	259.12	294.72	309.42	345.02	359.72	395.32	410.02
Fibonacci	298.20	317.42	329.29	348.50	367.72	379.59	398.80

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):	66.38
MACD (12,26,9):	0.9500
Directional Movement:	19.54
AROON (14):	78.57
DEMA (21):	357.41
Parabolic SAR (0,02-0,02-0,2):	350.83
Elder Ray (13):	4.64
Super Trend (3,10):	354.90
Zig ZAG (10):	361.38
VORTEX (21):	1.0000
Stochastique (14,3,5):	97.41
TEMA (21):	357.59
Williams %R (14):	-7.43
Chande Momentum Oscillator (20):	10.67
Repulse (5,40,3):	1.3800
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	1.42

MA7:	356.85
MA20:	348.85
MA50:	354.64
MA100:	331.12
MAexp7:	358.31
MAexp20:	356.44
MAexp50:	354.52
MAexp100:	352.68
Price / MA7:	+1.53%
Price / MA20:	+3.86%
Price / MA50:	+2.16%
Price / MA100:	+9.42%
Price / MAexp7:	+1.12%
Price / MAexp20:	+1.65%
Price / MAexp50:	+2.20%
Price / MAexp100:	+2.73%

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.

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