CUMMINS INC (CMI) Technical Analysis
NYSE:CMI • US2310211063
Current stock price
CMI Technical Rating and Analysis
Overall CMI gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month CMI has a been trading in the 516.96 - 608.99 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, CMI did better than 89% of all other stocks. On top of that, CMI also shows a nice and consistent pattern of rising prices.
- CMI is part of the Machinery industry. There are 131 other stocks in this industry. CMI outperforms 86% of them.
- CMI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CMI is performing more or less in line with the market.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
CMI Weekly and Daily overview Charts
CMI Setup Rating and Analysis
Although CMI has an excellent technical rating, it does not present a decent entry opportunity 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
CMI Support and Resistance Analysis
287.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 535.70 to 535.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @513.69 from a trend line in the daily time frame.
- Support @496.71 from a trend line in the daily time frame.
- Support @290.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 601.02 to 605.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
CMI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for CMI is down. |
| ChartMill Relative Strength | 89.55 | POSITIVE | CMI has a high relative strength, it outperformed 89.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CMI is below 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) | 38.44 | NEUTRAL | The RSI value for CMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.61 | NEGATIVE | The MACD value suggests CMI has a negative trend. |
| Stochastics (14,3) | 29.33 | NEUTRAL | The Stochastics value for CMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CMI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for CMI suggests a weak or negative trend. |
CMI Chart- and CandleStick Pattern Analysis
CMI Technicals: Chart, Performance Metrics, Trend & Indicators
535.71
-3.04 (-0.56%)
CUMMINS INC / CMI TA FAQ
What is the ChartMill technical rating of CUMMINS INC (CMI) stock?
ChartMill assigns a technical rating of 7 / 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 38.4388. This indicates that the stock is currently neutral.
What is the buy/sell signal for CUMMINS INC (CMI) stock?
The buy/sell signal for CUMMINS INC (CMI) is hold as the short term and long term trends are mixed.
What is the support and resistance level for CMI stock?
CUMMINS INC (CMI) has a support level at 535.7 and a resistance level at 601.02. Check the full technical report for our detailed analysis of CMI support and resistance levels.