Caterpillar stock support and resistance levels after 5.8% rebound

Caterpillar Inc (CAT) saw a 5.80% rebound, trading at $591.04 as of November 9, 2026, at 10:31 AM EST. The surge has broken through several daily pivot resistances, but the overall trend remains underwhelming. Should the stock surpass $610.15, it would bolster the short-term outlook. For now, the rise appears to be more of a countertrend bounce than a genuine reversal.

For a bullish confirmation, CAT needs to crack above the $610.15 weekly resistance. Conversely, a drop beneath $580.48, the weekly pivot, would weaken the rebound and refocus the market's attention on the $562 area. Both daily and weekly technical indicators currently point to a Strong Sell. The daily Relative Strength Index (RSI) stands at 30.76, while the weekly RSI is 30.73, suggesting near-oversold conditions but not a confirmed bottom. The daily Average Directional Index (ADX) is 40.95, with -DI at 45.35 and +DI at 15.04.

This situation highlights the downtrend's potency. The base case resistance range is $595-$610, while support starts around $580. A surge above $610 would tilt the balance in favor of recovery. However, a fall below $580 could signal the rebound's weakening grip.