Caterpillar: the bounce cools the sell signal
Caterpillar rebounds 1% and carves a double bottom in the 854 area
Caterpillar: the bounce cools the sell signal
Our view last week
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.
This week's summary
Caterpillar closes the week up 1% and confirms a clean double bottom in the 854 area, recovering 28% off the lows. Caterpillar stock stays inside a fresh sell signal, now in its second week of observation: against last week's plunge, signal strength drops to 41, an isolated dip rather than a renewed downside push. The quality band flags trading as not recommended.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Aug 4
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IQS Phase
58
ordinary
Signal Strength
41
isolated weekly drop
Sizing
REDUCED
Ranking
#63 / 141
US stocks sell signals
Trade P&L %
-0.96%
from signal to today
Rank position
ranks 63rd among the 141 sell signals for US stocks in our ranking, with a signal strength of 41 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
CAT belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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