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.%
1.1610
-0.0002
0.0142%
1.3750
-0.0019
0.1402%
Tadawul
11807.79
-43.89
0.37%
24.176
-0.300
1.226%
82.666
-2.261
2.662%
84.68
-1.82
2.10%
1798.605
-5.440
0.301%
 
 
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