Caterpillar – Caterpillar Inc (CAT): price Down $-0.94 (-0.41)% Over Past Day, Up $0.52 (0.22)% Over Past Hour
The Hourly View for CAT
Currently, CAT (Get Ratings)’s price is up $0.52 (0.22%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CAT’s Technical Outlook on the Daily Chart
At the moment, CAT’s price is down $-0.94 (-0.41%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Caterpillar Inc’s price action over the past 90 days can be seen via the chart below.
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