CAT long swing ideaLong looking for trend continuation to the next fib target 2.618 of ~500
This will take time so make sure to be able to handle some chop
CATCL trade ideas
CAT eyes on $ 188.00: Golden Genesis fib, Dip or Top here?CAT has been surging with other industrials.
China stimulus will probably keep it going.
Looking for a dip here, or a Break-n-Retest.
Here is an Hourly view with Local Fibs ADDED:
$ 388.00 - 390.84 is the immediate resistance
$ 369.46 - 371.58 is the first strong support.
$ 353.22 - 356.26 is the CRUCIAL zone to hold.
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Caterpillar’s High Basing PatternCaterpillar began the year with a strong rally before entering an extended pause. But now some traders may think the Dow Jones Industrial Average member is ready to start moving again.
The first pattern on today’s chart is the low in June, the lower low in August and this month’s higher low. That’s a potential high basing pattern that may suggest new support has been established after a period of consolidation. It’s also noteworthy to see that occur above the previous highs from 2023.
Second is the falling trendline along the peaks of April and May. The earth-moving stock has spent a lot of time since June pushing through that line. Is intermediate-term resistance finally giving way?
Third, prices have held the rising 200-day simple moving average (SMA). That may reflect a bullish longer-term trend.
Turning to the shorter-term, our 2 MA Ratio custom script shows how the 8-day exponential moving average (EMA) has crossed above the 21-day EMA.
Finally, you have the price zone around $363. It was the close on April 24 before CAT gapped lower on earnings and resistance in July. Traders could now potentially view it as the trigger for a breakout.
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Bearish Momentum on CATConfirmations :
Short Term High failed on Intermediate Term High, with a Market Structure Shift including a Faire value gap, liquidity remainig below with a monthly Fair Value Gap, I m expecting the price to run on this liquidty and rebalance.
CATRegarding Caterpillar stock (CAT), we expect a support line at 334 with a possibility of a rebound from there. However, if it breaks and closes below this level, it officially signals the start of a correction with an initial target of 296, where a harmonic Gartley pattern will likely form. If the stock does not rebound and respond to this pattern, the decline may continue to 245.
CAT, be patient.The US construction industry remains robust. CAT earnings showed relative weakness in Asia, which was expected. North American sales are strong, while Latin American sales are growing steadily year-over-year. Chart-wise, we are observing a classic reversal following the apparent crash on Monday, August 6th. Notably, the price is now above the volume shelf dating back to early February consolidation, with this level set at 319.40. Although the price failed to break above this level on Monday, it did so with ease today, indicating increased buyer interest. The stock closed with a 1.59 Rvol, and the current price is extended to the upside, offering limited risk-to-reward, considering we are $6 above the VPOC. The plan is to wait and see if the price can retest 320 before taking a position, or to watch for the development of a 65-minute base around this level before pushing towards $350.
Caterpillar Inc. Support Rejection At $311.08 06.08.2024Support Rejection: The 1-hour chart of Caterpillar Inc. (NYSE: CAT) shows a rejection of support at $311.08, indicating a potential upward movement.
Bullish Scenario: If the rejection holds, prices could rally to $326.31 and $338.26.
Bearish Scenario: If the rejection fails, prices may decline to $291.74 and $267.13.
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Disclaimer
Options Analysis for Caterpillar Inc. ($CAT)Key Levels and Indicators:
Current Price: $316.49
IV Rank: 129.5
IV (46 DTE): 58.7%
IV Change (5 Days): +10.2%
Expected Move (46 DTE): $31.4
Price Skew: 3.1% for PUTs (almost neutral)
The market appears to anticipate that the price of NYSE:CAT will remain above this strike price ($280) by the expiration date of 46 days (DTE).
A 5-day change in IV of +10.2% indicates increasing volatility possibly due to upcoming earnings or other significant events + today crash of SP500.
An expected move of $31.4 suggests that the market predicts CAT could move within a $31.4 range from its current price over the next 46 days.
The green horizontal line at $280 represents a critical support level at MurreyMath 2/8.
Caterpillar 344 After earnings ? Caterpillar Inc. (NYSE: CAT) has once again demonstrated its robust market presence, with its stock price soaring past $344 following the release of its latest earnings report. The industrial giant reported impressive financial results for Q1 2024, with total revenue reaching $15.8 billion and a basic earnings per share (EPS) of $5.601. This performance not only exceeded analysts’ expectations but also highlighted Caterpillar’s resilience and strategic growth in a challenging economic environment.
The company’s strong earnings were driven by increased demand across its construction, resource, and energy & transportation segments. Caterpillar’s ability to navigate supply chain disruptions and leverage its global footprint has been pivotal in achieving these results. The market responded positively, pushing the stock to new heights and reinforcing investor confidence in the company’s long-term prospects.
As Caterpillar continues to innovate and expand its product offerings, the future looks promising for this industry leader. Investors and market watchers will be keenly observing how Caterpillar capitalizes on its current momentum to drive further growth and shareholder value.
CAT breakdown possible . US Stock327 below breakdown possible
322/316/300 I am expecting to test
What do you think ?
CAT 4 H CHARTIn corrective move 0
Zigzag one over ABC forming W wave
X(b) wave over
Now y(c) going on .It may go up to 355-360 then down move targeting 322-326 may extend to 317-319
Be happy once 333 confirmed to be broken
More down prices will be mentioned in proper time
Goodluck
CaterpillarDaily chart.
New indicator from friend @Julien_Eche
Nothing to say, it's clean and efficient.
Code available on TradingView.
Good trade.
$CAT Wholesale #BuyWholesaleSellRetail NYSE:CAT looks is sitting at support it seems around $329 with a resistance level at $382 Strong bullish according to the technicals right now a good average price is around $340 rn so getting at this level is below value... whats your thoughts?
CAT downward slopingHi traders,
As we can see on the chart , Caterpillar (CAT) has been in a downward sloping channel since the beginning of April 2024. This down sloping resistance line could potentially be a good place to enter a short position . The target price in that case should be at the down sloping support line .
CATBought CAT yesterday, assuming an iHS. The higher frame structure will be added in the update.
Again, please note, that here, on TV, I decided to post only those ideas, that I trade. Numerous other ideas or thoughts re various stocks and other instruments are posted on my X account, don't forget to follow me there also.
$CATNYSE:CAT shows a strong ascending triangle on the hourly chart, indicating potential strength. Need a breakout above $337 to confirm. With the industrial/home improvement sector expected to heat up this summer, NYSE:CAT could see significant gains. Watch for the $337 level!
Industrial stocks in troubleI see DOW is running out of stem. I just bought puts of CAT strike 325 expire July 12. You can just short the stock as well. If the price pulls back to test the 334 resistance I'll buy more puts. The double top also looks very bearish.
CAT blue chip industrial LONGCAT on the daily chart has trended down more or less since the last earnings beat 6-7 weeks ago.
It has now found support at the 0.5 and 0.612 Fibonacci levels confluent with the mean VWAP
anchored back 6 months. The Bollinger Band Trend shows a narrow band with for the first time
this year. The Relative Trend Index is negative but about to go neutral. I see this as opportunity
to take a long trade well ahead of the next earnings. I assume CAT may have solid earnings
in the current quarter as its equipment production is purchased by those in the construction
industry making expenditures for residential as well as road construction and repair.
The Chris Moody RSI indicator shows both lines inflecting in bullish divergence which supports
a long trade.
Caterpillar: Digging DeeperOur forecast for Caterpillar suggests that the green wave is currently being developed. We reckon with further price drops in the short term before the beige wave IV can conclude. The pending low should then initiate a trend reversal, which should enable an upward move above $402.16. However, in the context of our 35% probable alternative scenario, the trend would reverse earlier. In this case, the beige wave alt.III would form a new high above $402.16.
CAT - Time to go downFundamental -- Too many tractors and industrial machines, remind me of the car boom back in 2021 with the drop of Tesla, GM and Ford.
Technical: Breakdown from a Head and shoulder pattern after bad earning, came back, filled the gap, gathered some more sellers, and keep getting rejected around 360 area.
It is time for CAT to test the long term trend at the 200MA at 300.
CAT target 1 - 330, target 2 - 300
CAT timeBouncing up off strong support zone, RSI well oriented, Relative Volume up, all after good Q Earnings, time to jump in.
CAT: closing the gap?A price action above 345.00 supports a bullish trend direction.
Bullish confirmation for a break above 356.00.
The target price is set at 367.00.
The stop-loss price is set at 340.00.
Closing the gap in a bullish setup is a positive signal because it suggests that the market has absorbed selling pressure and is continuing to advance, confirming the strength of the upward trend. This action can reassure market participants of the stock's momentum, encouraging further buying that could propel the stock higher. I
CAT splat?The trend may be shifting. Wave 4 could be starting. Volume coming in one the weekly with some good bearish divergence in the daily. Earnings on the 25th in play. Waiting for a clear break of trend then entering on fib retracements. June and July contracts 300-310 price target
