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Caterpillar Technical Analysis - Caterpillar Trading: 2023-11-01
Caterpillar Technical Analysis Summary
Below 223.65
Sell Stop
Above 243.43
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Neutral |
Caterpillar Chart Analysis
Caterpillar Technical Analysis
The technical analysis of the Caterpillar stock price chart on daily timeframe shows #S-CAT,Daily continues retreating after breaching below the 200-day moving average MA(200). The RSI has fallen into the oversold zone. We believe the bearish momentum will resume after the price breaches below the lower Donchian bound at 223.65. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 243.43. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (243.43) without reaching the order (223.65), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Caterpillar
Caterpillar reported better than expected Q3 2023 results. Will the Caterpillar stock price continue retreating?
Caterpillar Inc. is a United States manufacturing corporation that manufactures and sells general construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives for heavy and general construction worldwide. Its market capitalization is $116.72 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 14.08 currently, company’s revenue (ttm) was $64.77 billion. Caterpillar reported a rise in third-quarter profit on Tuesday that beat Wall Street estimates. Sales for the quarter through September rose 12% to $16.8 billion from $14.9 billion a year earlier and profit rose to $2.79 billion, outpacing an analysts' forecast of $2.45 billion. Revenue was up across all equipment segments with Caterpillar’s construction division recording the highest bump - a 12% rise in sales. Higher revenues and profits are bullish for a company stock price. However, Caterpillar’s stock closed 6.7% lower over day yesterday after the report.
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