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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
10/08/2024 12:01:00 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 $394.05 and $334.16 (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 below resistance at $394.05, about 1% to the upside. There is support at $356.39 -8% to the downside. If it can break above the resistance, it could have some more upside. 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 80 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $284.95, a potential down side of -28.45% from the recent price of 398.25. The stock is trading 0.73% (potential upside) below its 52 week high of $401.17 and 80.19 % (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
| Is Most-Watched Stock Caterpillar Inc. (CAT) Worth Betting on Now? Recently, Zacks.com users have been paying close attention to Caterpillar (CAT). This makes it worthwhile to examine what the stock has in store. Source: Zacks Investment Research Tue, 08 Oct 2024 10:09:04 -0400 Sentiment: Positive |
| This Is What Wall Street Thinks About Bill Gates Favorite Stocks If you are looking for financial advice, you can definitely do worse than Bill Gates. Source: 24/7 Wall Street Mon, 07 Oct 2024 11:30:39 -0400 Sentiment: Positive |
| The Zacks Analyst Blog Walmart, Adobe, Caterpillar, Hovnanian and Blue Dolphin Energy Walmart, Adobe, Caterpillar, Hovnanian and Blue Dolphin Energy are included in this Analyst Blog. Source: Zacks Investment Research Mon, 07 Oct 2024 08:21:09 -0400 Sentiment: Neutral |
| China Stimulus, DET Launch & Trimble JV News Boost CAT: Buy the Stock? CAT stock gains due to China's stimulus measures and other company-related developments. We analyze whether it is a good time to invest in the stock. Source: Zacks Investment Research Thu, 03 Oct 2024 13:46:11 -0400 Sentiment: Positive |
| 3 Dividend Giants I'm Holding On To For Dear Life I considered selling several stocks to consolidate my portfolio, but ultimately decided to keep them. Each investment still aligns with my long-term strategy. While not all of them are particularly cheap, they offer strong fundamentals and growth potential, making them worth holding despite their current valuations. I'm sticking to my “never sell” approach for now, focusing on adding to these positions on weakness, as I expect them to outperform the market over time. Source: Seeking Alpha Thu, 03 Oct 2024 07:30:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 401.17 52 Week Low: 221.0191 Beta: 1.093 50 Day MA: 352.3606 200 Day MA: 337.3606 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.034 Qtr Revenue Growth YOY: -0.036 Forward PE: 17.762 Trailing PE: 18.1518