American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Caterpillar tries to recoup recent losses - Analysis - 26-07-2021

Economies.com
2021-07-26 11:29AM UTC

Caterpillar's stock (CAT) rose 0.18% in the last session amid positive signals from the RSI, with the dominance of the downward correctional short-term wave, while hurt by piercing the main upward trend line recently, as the stock continues to suffer from pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 197.90, provided it settles back below 208.43. 

 

Expected trend for today: Bearish 

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