Caterpillar Stock Trapped in Range-Bound Trade Amid Sell Pressure

Caterpillar stock has been stuck in a range-bound trade near $807 as resistance continues to limit any potential recovery. The MACD indicator is signaling sell pressure, while the Stochastic RSI remains in the overbought zone.

A recent profit surge and large backlog have shifted the investment story for CAT, emphasizing growth beyond construction. The company's partnership with FieldAI to advance AI-powered automation has also drawn attention.

The daily chart shows a contained range, with recent volatility at 2.51%. The nearest support sits at $775.9, while resistance is pinned near the weekly low at $808.75. With consolidation at the bottom of the recent range, traders should monitor these boundaries for potential direction.