Fresh sell signal, strength at the cap
Caterpillar drops 7.6% as a fresh Sell signal opens with lower lows
Fresh sell signal, strength at the cap
Our view last week
Caterpillar closed the week down 1.2%, the second straight decline after mid-June's sharp rally. In the weekly technical picture the clearest signal comes from money flow, which has turned negative after weeks in positive territory, while RSI and momentum cool off from overbought extremes. The trend still holds - ADX above 52 - but price action points to a distribution phase: Caterpillar stock is catching its breath just under resistance.
This week's summary
Caterpillar drops 7.6% this week and opens a fresh Sell signal: fifth by strength among the 140 US sell signals, with signal strength at its cap, 100 out of 100 — the decline is already starting to make lower lows. Price is boxed between the daily Kumo ceiling, in the 898 area, and the daily pivot point support, in the 870.6 area, while the weekly RSI and ADX cool off from elevated levels. The quality band flags trading as not recommended: better to wait for confirmation before going short.
IQS Phase
48
ordinary
Signal Strength
100
decline starting to make lower lows
Sizing
STANDARD
Ranking
#5 / 140
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content