CAT is on risk of both long term and short term downtrend.
On long term basis, price is trading below lower 1st standard deviation from 5-year mean (at 80), risking a downtrend on 5-year basis.
Price has also broken below 10-year mean (at 77), so it has no major support there - and is free to go down.
On short term basis, price ii trading below both 1st standard deviation on 1-year and quarterly basis - thus CAT is in a full fledged downtrend there
What is interesting, quarterly mean is now very close to lower 1st standard deviation on 5-year basis, ad lower 1st standard deviations from quarterly and 1-year means are close to 10-year mean.
Thus CAT is on risk of a major fall, until it breaks above quarterly mean, which will cancel all risks - both on short and long term basis!
On long term basis, price is trading below lower 1st standard deviation from 5-year mean (at 80), risking a downtrend on 5-year basis.
Price has also broken below 10-year mean (at 77), so it has no major support there - and is free to go down.
On short term basis, price ii trading below both 1st standard deviation on 1-year and quarterly basis - thus CAT is in a full fledged downtrend there
What is interesting, quarterly mean is now very close to lower 1st standard deviation on 5-year basis, ad lower 1st standard deviations from quarterly and 1-year means are close to 10-year mean.
Thus CAT is on risk of a major fall, until it breaks above quarterly mean, which will cancel all risks - both on short and long term basis!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.