CUMMINS INC (CMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMI - US2310211063 - Common Stock
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.
CMI has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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284.56
5 important support areas can be observed.
- A support zone ranging from 506.65 to 511.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 455.97 to 466.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @448.30 from a trend line in the daily time frame.
- Support @306.05 from a trend line in the weekly time frame.
- Support @287.43 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMI is up. |
| ChartMill Relative Strength | 90.04 | POSITIVE | CMI has a high relative strength, it outperformed 90.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.67 | NEUTRAL | The RSI value for CMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CMI has a negative trend. |
| Stochastics (14,3) | 80.42 | OVERBOUGHT | The high Stochastics value suggests CMI may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CMI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.92 | POSITIVE | The high ADX value value for CMI suggests a strong trend. |
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 |
|---|---|---|---|
| 526.51 | 506.64 | 19.87 (3.77%) | 25.00% |
| An entry @526.51. This is a Buy Stop order right above the 10 day high. | An exit @506.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 19.87 points, which is 3.77%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
517.25
+7.2 (+1.41%)
CUMMINS INC / CMI FAQ
What is the ChartMill technical rating of CUMMINS INC (CMI) stock?
ChartMill assigns a technical rating of 10 / 10 to CMI.
Can you provide the trend direction for CUMMINS INC?
The current trend direction for CUMMINS INC (CMI) is Bullish.
What is the RSI signal for CUMMINS INC (CMI) stock?
CUMMINS INC (CMI) has an RSI value of 64.67. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CUMMINS INC?
The MACD indicator for CUMMINS INC (CMI) has a value of -0.153233, indicating a bearish trend.
What is the buy/sell signal for CUMMINS INC (CMI) stock?
The buy/sell signal for CUMMINS INC (CMI) is buy as both the short term and long term trends are positive.