Caterpillar Inc. Stock Forecast
Green day on Tuesday for Caterpillar Inc. stock after gaining 0.303%
(Updated on May 14, 2024)
The Caterpillar Inc. stock price gained 0.303% on the last trading day (Tuesday, 14th May 2024), rising from 330.50€ to 331.50€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.91% from a day low at 330.00€ to a day high of 333.00€. The price has risen in 7 of the last 10 days and is up by 2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 more shares were traded than the day before. In total, 79 shares were bought and sold for approximately 26.19€ thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.39% during the next 3 months and, with a 90% probability hold a price between 348.93€ and 402.24€ at the end of this 3-month period.
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CAT1.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 6.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Caterpillar Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Caterpillar Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 333.09€. On a fall, the stock will find some support from the short-term average at 325.29€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Caterpillar Inc. stock
Caterpillar Inc. finds support from accumulated volume at 317.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 3.00€ between high and low, or 0.91%. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAT1.F) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Caterpillar Inc. to open at 331.50€, and during the day (based on 14 day Average True Range), to move between 324.97€ and 338.03€, which gives a possible trading interval of +/-6.53€ (+/-1.97%) up or down from last closing price. If Caterpillar Inc. takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 334.00€ (0.75%) than the support at 317.00€ (4.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Caterpillar Inc. stock A Buy?
Caterpillar Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.753 Sell Candidate Unchanged
Predicted Opening Price for Caterpillar Inc. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| 331.50€ ( 0%) | 331.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAT1.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 334.50 | 0.90 % | |
| R2 | 333.35 | 0.559 % | ||
| R1 | 332.65 | 0.346 % | ||
| Current price: | 331.50 | |||
| Support | S1 | 330.35 | -0.346 % | |
| S2 | 329.65 | -0.559 % | ||
| S3 | 328.50 | -0.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 349.00 | 5.28 % | |
| R2 | 335.50 | 1.21 % | ||
| R1 | 334.00 | 0.754 % | ||
| Current price | 331.50 | |||
| Support | S1 | 317.00 | -4.37% | |
| S2 | 311.50 | -6.03% | ||
| S3 | 299.00 | -9.80% |
CAT1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | May 20, 2024 | 1.30€ | 0% |
| 2 | Jan 19, 2024 | Jan 19, 2024 | Jan 19, 2024 | 0€ | 0% |
| 3 | Oct 20, 2023 | Oct 20, 2023 | Oct 20, 2023 | 1.30€ | 0% |
| 4 | Jul 19, 2023 | Jul 19, 2023 | Jul 19, 2023 | 1.30€ | 0% |
| 5 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | 1.20€ | 0% |
FAQ
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