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

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