Caterpillar declines within a descending price channel - Analysis - 14-10-2021

2021-10-14 10:15:04 GMT (Economies.com)
 

Caterpillar's stock (CAT) fell 0.52% in the last session, settling at 188.94, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA, while trading within a descending correctional channel that guided recent short-term trading.

 

Therefore we expect more losses for the stock, targeting the support of 175.00, provided the support of 187.00 was breached,

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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