Learn to Evaluate (CAT) using the Charts
April 18, 2024, 05:42 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CAT
- Buy CAT slightly over 338.47 target 368.02 stop loss @ 337.49 Details
The technical summary data tells us to buy CAT near 338.47 with an upside target of 368.02. This data also tells us to set a stop loss @ 337.49 to protect against excessive loss in case the stock begins to move against the trade. 338.47 is the first level of support below 358.32 , and by rule, any test of support is a buy signal. In this case, support 338.47 is being tested, a buy signal would exist.
- Short CAT slightly under 368.02, target 338.47, stop loss @ 369.08 Details
The technical summary data is suggesting a short of CAT as it gets near 368.02 with a downside target of 338.47. We should have a stop loss in place at 369.08though. 368.02 is the first level of resistance above 358.32, and by rule, any test of resistance is a short signal. In this case, if resistance 368.02 is being tested, a short signal would exist.
Swing Trading Plans for CAT
- Buy CAT slightly over 368.02, target 368.67, Stop Loss @ 366.96 Details
If 368.02 begins to break higher, the technical summary data tells us to buy CAT just slightly over 368.02, with an upside target of 368.67. The data also tells us to set a stop loss @ 366.96 in case the stock turns against the trade. 368.02 is the first level of resistance above 358.32, and by rule, any break above resistance is a buy signal. In this case, 368.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CAT slightly near 368.02, target 355.87, Stop Loss @ 369.08. Details
The technical summary data is suggesting a short of CAT if it tests 368.02 with a downside target of 355.87. We should have a stop loss in place at 369.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 368.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CAT
- Buy CAT slightly over 359.33, target 368.02, Stop Loss @ 358.49 Details
If 359.33 begins to break higher, the technical summary data tells us to buy CAT just slightly over 359.33, with an upside target of 368.02. The data also tells us to set a stop loss @ 358.49 in case the stock turns against the trade. 359.33 is the first level of resistance above 358.32, and by rule, any break above resistance is a buy signal. In this case, 359.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CAT slightly near 359.33, target 355.87, Stop Loss @ 360.17. Details
The technical summary data is suggesting a short of CAT if it tests 359.33 with a downside target of 355.87. We should have a stop loss in place at 360.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 359.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Caterpillar Inc. (CAT) available here: CAT.
CAT Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
309.59 |
| P2 |
353.85 |
355.87 |
338.47 |
| P3 |
359.33 |
368.67 |
368.02 |
AI Generated Signals for CAT
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Caterpillar Inc. (NYSE: CAT) report below can help you understand how to do this. The trading plans for CAT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CAT:
pool ads
