(CAT) Long Term Investment Analysis

May 07, 2024, 19:06 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CAT

• Buy CAT slightly over 344.84 target 374.86 stop loss @ 343.84 Details

The technical summary data tells us to buy CAT near 344.84 with an upside target of 374.86. This data also tells us to set a stop loss @ 343.84 to protect against excessive loss in case the stock begins to move against the trade. 344.84 is the first level of support below 345 , and by rule, any test of support is a buy signal. In this case, support 344.84 is being tested, a buy signal would exist.

• Short CAT slightly under 374.86, target 344.84, stop loss @ 375.94 Details

The technical summary data is suggesting a short of CAT as it gets near 374.86 with a downside target of 344.84. We should have a stop loss in place at 375.94though. 374.86 is the first level of resistance above 345, and by rule, any test of resistance is a short signal. In this case, if resistance 374.86 is being tested, a short signal would exist.

Swing Trading Plans for CAT

• Buy CAT slightly over 374.86, target n/a, Stop Loss @ 373.78 Details

If 374.86 begins to break higher, the technical summary data tells us to buy CAT just slightly over 374.86, with an upside target of n/a. The data also tells us to set a stop loss @ 373.78 in case the stock turns against the trade. 374.86 is the first level of resistance above 345, and by rule, any break above resistance is a buy signal. In this case, 374.86, 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 374.86, target 344.84, Stop Loss @ 375.94. Details

The technical summary data is suggesting a short of CAT if it tests 374.86 with a downside target of 344.84. We should have a stop loss in place at 375.94 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, 374.86, 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 345.04, target 349.17, Stop Loss @ 344.24 Details

If 345.04 begins to break higher, the technical summary data tells us to buy CAT just slightly over 345.04, with an upside target of 349.17. The data also tells us to set a stop loss @ 344.24 in case the stock turns against the trade. 345.04 is the first level of resistance above 345, and by rule, any break above resistance is a buy signal. In this case, 345.04, 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 345.04, target 344.84, Stop Loss @ 345.84. Details

The technical summary data is suggesting a short of CAT if it tests 345.04 with a downside target of 344.84. We should have a stop loss in place at 345.84 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, 345.04, 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 May 07:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	315.64
P2	345.04	324.66	344.84
P3	349.17	342.29	374.86

AI Generated Signals for CAT

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Technically, Caterpillar Inc. (NYSE: CAT) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CAT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CAT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CAT too.  All of these are offered below the Summary Table.