CATERPILLAR INC (CAT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAT - US1491231015 - Common Stock
Taking everything into account, CAT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAT is showing a nice and steady performance.
Although CAT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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282.43
When analyzing the support we can see 4 important areas.
- A support zone ranging from 567.56 to 577.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 540.25 to 550.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @507.38 from a trend line in the daily time frame.
- Support @285.28 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAT is up. |
| ChartMill Relative Strength | 93.08 | POSITIVE | CAT has a high relative strength, it outperformed 93.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.97 | NEUTRAL | The RSI value for CAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.54 | POSITIVE | The MACD value suggests CAT has a positive trend. |
| Stochastics (14,3) | 95.32 | OVERBOUGHT | The high Stochastics value suggests CAT may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CAT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.21 | POSITIVE | The high ADX value value for CAT suggests a strong trend. |
603.17
+4.02 (+0.67%)
CATERPILLAR INC / CAT FAQ
What is the ChartMill technical rating of CATERPILLAR INC (CAT) stock?
ChartMill assigns a technical rating of 10 / 10 to CAT.
What is the trend direction for CAT stock?
The current trend direction for CATERPILLAR INC (CAT) is Bullish.
What is the RSI signal for CAT stock?
CATERPILLAR INC (CAT) has an RSI value of 69.9696. This indicates that the stock is currently neutral.
What is the MACD signal for CAT stock?
The MACD indicator for CATERPILLAR INC (CAT) has a value of 2.53846, indicating a bullish trend.
What is the buy/sell signal for CATERPILLAR INC (CAT) stock?
The buy/sell signal for CATERPILLAR INC (CAT) is buy as both the short term and long term trends are positive.