StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 8.4
Power Rank trend -> Rising
07/26/2024 16:21:00 EST
Caterpillar Inc (CAT)
Industry: Farm & Heavy Construction Machinery
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CAT has been trading in a range between $359.12 and $324.74 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CAT is trading between resistance at $350.72 about 0% to the upside and support at $329.61 -6% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $379.30, about a 8% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Caterpillar Inc $CAT entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $284.95, a potential down side of -18.7% from the recent price of 350.48. The stock is trading 8.16% (potential upside) below its 52 week high of $379.08 and 58.57 % (potential downside) above its 52 week low of $221.02 - based on the recent price.
Company Summary
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
News
| 3 Infrastructure Stocks to Buy in Preparation for Rate Cuts With multiple interest rate cuts on the horizon, now's the time to rotate back into infrastructure stocks. Low borrowing costs following rate reductions foster a positive financial landscape for funding expansive infrastructure projects. Source: InvestorPlace Fri, 26 Jul 2024 09:59:37 -0400 Sentiment: Positive |
| 7 Stocks to Buy as Trump Moves Toward a Second Term Elections are tricky business and it's important not to put too much emphasis on polls, especially polls before September. That said, it seems clear that Republican candidate and former President Donald Trump has a less-complicated path to the White House. Source: InvestorPlace Thu, 25 Jul 2024 15:35:01 -0400 Sentiment: Positive |
| 7 Dividend Growth Stocks to Buy Now: July 2024 Investing in the stock market results in solid long-term gains for many investors. While it's easy to panic during economic downturns, people who held onto their shares usually benefit. Source: InvestorPlace Thu, 25 Jul 2024 07:10:00 -0400 Sentiment: Positive |
| 3 S&P 500 Stocks to Buy on the Dip: July 2024 The S&P 500 is considered the benchmark index for the U.S. stock market. It is comprised of the top 500 companies based on total market capitalization. Source: InvestorPlace Wed, 24 Jul 2024 19:06:40 -0400 Sentiment: Positive |
| 3 Infrastructure Titans Ready to Soar on Government Spending: July 2024 Infrastructure stocks remain quite popular among investors, especially with government initiatives in recent years poised to inject massive funding into the sector. Central to this boom is the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL), signed in November 2021. Source: InvestorPlace Wed, 24 Jul 2024 06:07:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 379.0788 52 Week Low: 221.0191 Beta: 1.106 50 Day MA: 337.8364 200 Day MA: 312.6833 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.537 Qtr Revenue Growth YOY: -0.004 Forward PE: 16.4474 Trailing PE: 15.8445