CUMMINS INC (CMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMI - US2310211063 - Common Stock
Overall CMI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CMI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CMI did better than 92% of all other stocks.
- CMI is one of the better performing stocks in the Machinery industry, it outperforms 93% of 132 stocks in the same industry.
- CMI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CMI has a been trading in the 498.47 - 583.08 range, which is quite wide. It is currently trading near the high of this range.
Although CMI has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
467.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 533.93 to 535.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 497.43 to 507.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @472.28 from a trend line in the daily 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 | 92.32 | POSITIVE | CMI has a high relative strength, it outperformed 92.32% 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) | 76.36 | OVERBOUGHT | The high RSI value suggests CMI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.58 | POSITIVE | The MACD value suggests CMI has a positive trend. |
| Stochastics (14,3) | 93.14 | OVERBOUGHT | The high Stochastics value suggests CMI may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for CMI suggests low volalility. |
| Average Directional Index/ADX (14) | 39.35 | POSITIVE | The high ADX value value for CMI suggests a strong trend. |
578.94
+4.1 (+0.71%)
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.
What is the current trend direction of CUMMINS INC (CMI) stock?
The current trend direction for CUMMINS INC (CMI) is Bullish.
What is the RSI signal for CMI stock?
CUMMINS INC (CMI) has an RSI value of 76.3599. This indicates that the stock is currently overbought.
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.
What is the support and resistance level for CMI stock?
CUMMINS INC (CMI) has a support level at 535.19. Check the full technical report for our detailed analysis of CMI support and resistance levels.