CAT Shares Stagnate at $823 Resistance Amid Mixed Momentum

Caterpillar Inc.'s shares are trading near $821.36 as buyers push prices higher, but chart signals suggest mixed momentum heading into the new week.

The company's record backlog and AI-driven demand boost sentiment after its partnership expansion with Luck Stone to deploy self-driving trucks across Virginia quarries.

However, overbought readings challenge further upside, and a strong sell bias is highlighted by the MACD. The nearest support is marked by the Ichimoku Kijun at $803.27, while immediate resistance stands at the $823 weekly high.