Want to know the current price of Caterpillar and what will happen to CAT shares next? On this page, we share the latest Caterpillar news and advice on buying shares. You can also view the latest Caterpillar stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Caterpillar shares today? To what levels can the shares of this company rise in a year, two, three? How much will Caterpillar papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for CAT shares, both up and down.
Caterpillar Stock Forecast for 2022 and 2023
Caterpillar quotes continue to move within the correction and the upward channel. The moving averages point to a short-term bearish trend in CAT stock. Prices are again testing the area between the signal lines, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the share price is 207.96 per share. As part of the forecast, we should expect an attempt to continue the development of the decline and a test of the support level near the area of 180.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 320.55 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Caterpillar quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option of raising the quotes of Caterpillar shares will be a fall and a breakdown of the level of 155.55. This will indicate a breakdown of the support area and the lower border of the channel, in which case we can consider the continuation of the decline in securities to the area at the level of 95.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 230.55.
Caterpillar Stock Forecast for 2022 and 2023 assumes the development of a decline and a test of the support area near the level of 180.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 320.55. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the CAT rise option will be a fall and a breakdown of the level of 155.55. This will indicate a breakdown of the lower border of the bullish channel and a continuation of the fall in value to the area below the level of 95.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
