Social Sentiment for CAT
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Weighted Sentiment -0.84
Caterpillar Inc Forecast and Stock Analysis
Technical CAT stock analysis for Friday May 24, 2019.
|Shorts||1.63% ( 2019-04-15 )|
|Price to book||USD 4.53|
|Next Earnings Date||2019-07-24|
Caterpillar Inc gained 0.52% in the last trading day ( Friday, 24th May 2019 ), rising from $122.26 to $122.90 During day the stock fluctuated 1.53% from a day low at $122.21 to a day high of $124.08. The price has fallen in 7 of the last 10 days and is down by -6.43% for this period. Volume fell in the last day by -1.09 million shares, and in total, 3.80 million shares bought and sold for approximately $467.33 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the CAT stock price was $140.45 and low was $121.31.
- 90 day high was $144.77 and low was $121.31.
- 52 week high for the Caterpillar Inc - $159.37 and low - $112.06.
Caterpillar Inc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $121.93 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.29% during the next 3 months and, with 90% probability hold a price between $115.48 and $132.83 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Caterpillar Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $123.64 and $134.32. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Caterpillar Inc finds support from accumulated volume at $122.76.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.87 between high and low, or 1.53%. For the last week, the stock has had a daily average volatility of 1.67%.
Caterpillar Inc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.67 %Average volatility
Very Low Low Medium High Very High
Caterpillar Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|CAT $122.90 ($0.64 0.52%)|
CAT is up $0.64 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for CAT based on the 1-3 month system that more than doubles the S&P 500.
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