CATERPILLAR INC (CAT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAT - US1491231015 - Common Stock
Overall CAT gets a technical rating of 10 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.
Although CAT has an excellent technical rating, the quality of the presented setup is not ideal 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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534.13
When analyzing the support we can see 2 important areas.
- A support zone ranging from 579.74 to 597.17. 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 539.53 to 550.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 617.63 to 625.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 92.59 | POSITIVE | CAT has a high relative strength, it outperformed 92.59% 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) | 60.73 | NEUTRAL | The RSI value for CAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.24 | POSITIVE | The MACD value suggests CAT has a positive trend. |
| Stochastics (14,3) | 70.47 | NEUTRAL | The Stochastics value for CAT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CAT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.31 | NEGATIVE | The low ADX value for CAT suggests a weak or negative trend. |
617.62
+9.49 (+1.56%)
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 current trend direction of CATERPILLAR INC (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 60.7331. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CATERPILLAR INC?
The MACD indicator for CATERPILLAR INC (CAT) has a value of 2.24054, indicating a bullish trend.
What is the support and resistance level for CAT stock?
CATERPILLAR INC (CAT) has a support level at 597.17 and a resistance level at 617.63. Check the full technical report for our detailed analysis of CAT support and resistance levels.