CUMMINS INC (CMI) Stock Technical Analysis
NYSE:CMI - New York Stock Exchange, Inc. - US2310211063 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CMI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CMI is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, CMI also shows a nice and consistent pattern of rising prices.
CMI is one of the better performing stocks in the Machinery industry, it outperforms 81% of 131 stocks in the same industry.
CMI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CMI is lagging the market slightly.
In the last month CMI has a been trading in the 345.77 - 370.20 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
CMI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 363.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
320.04
387.26
We found 2 important support areas.
- A support zone ranging from 347.64 to 363.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @323.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 379.61 to 383.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.5
Mansfield0.85
10 Day High370.2
10 Day Low351.92
20 Day High370.2
20 Day Low345.77
52 Week High387.9
52 Week Low236
Performance
1 Week2.25%
2 Weeks2.48%
1 Month4.99%
3 Month12.07%
6 Month27.04%
12 Month53.31%
2 Year47.84%
3 Year67.02%
5 Year130.61%
10 Year164.53%
15 Year716.9%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.5
RSI(14)60.55
LBB349.59
UBB372.63
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 370.21 | 351.91 | 18.30 (4.94%) | 20.23% |
| An entry @370.21. This is a Buy Stop order right above the 10 day high. | An exit @351.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 18.30 points, which is 4.94%. | When investing 20.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CUMMINS INC
NYSE:CMI (1/23/2025, 8:54:07 PM)
After market: 368.91 0 (0%)368.91
+2.91 (+0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.8%
1 Week2.25%
2 Weeks2.48%
1 Month4.99%
3 Month12.07%
6 Month27.04%
12 Month53.31%
2 Year47.84%
3 Year67.02%
5 Year130.61%
10 Year164.53%
15 Year716.9%
Volatility
ATR(14)6.24
ATR(20)%1.54%
ATR Inc-18.58%
Range Today5.2
ADR(20)5.42
ADR(20)%1.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.5
Mansfield0.85
10 Day High370.2
10 Day Low351.92
20 Day High370.2
20 Day Low345.77
52 Week High387.9
52 Week Low236
CS1 End363.81
CR1 Start379.61
Volume & EV
DER(3)1.31%
DER(5)0.86%
Volume1.05M
Volume Incr50.59%
Vol(5)908.12K
Vol(50)642.17K