CAT Technical Analysis - CATERPILLAR INC

Technical Rating and Analysis

Overall CAT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CAT has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

CAT is one of the better performing stocks in the Machinery industry, it outperforms 80% of 129 stocks in the same industry.

CAT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CAT has a been trading in the 410.51 - 472.12 range, which is quite wide. It is currently trading near the high of this range.

CAT has an average volume of 2891490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, CAT did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CATERPILLAR INC / CAT Weekly stock chart

Setup Rating and Analysis

Although CAT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

282.43

471.21

When analyzing the support we can see 4 important areas.

A support zone ranging from 431.89 to 438.75. 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 407.78 to 407.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @303.93 from a trend line in the weekly time frame.
Support @285.28 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	83.32	POSITIVE	CAT has a high relative strength, it outperformed 83.32% 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)	75.32	OVERBOUGHT	The high RSI value suggests CAT may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	4.29	POSITIVE	The MACD value suggests CAT has a positive trend.
Stochastics (14,3)	95.2	OVERBOUGHT	The high Stochastics value suggests CAT may be overbought.
Average True Range in percent/ATR (20)	1.97	LOW VOLATILITY	The low ATR as a percentage value for CAT suggests low volalility.
Average Directional Index/ADX (14)	24.32	NEUTRAL	The ADX value for CAT suggests a possible start of a new trend.