CUMMINS INC (CMI) Stock Technical Analysis
NYSE:CMI • US2310211063
Overall CMI gets a technical rating of 10 out of 10. 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 91% of all stocks. We also observe that the gains produced by CMI over the past year are nicely spread over this period.
- CMI is one of the better performing stocks in the Machinery industry, it outperforms 86% of 131 stocks in the same industry.
- CMI is currently trading near its 52 week high, which is a good sign. 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 527.40 - 617.98 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, CMI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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488.05
3 important support areas can be observed.
- A support zone ranging from 577.72 to 590.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 540.32 to 551.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @492.98 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 | 91.6 | POSITIVE | CMI has a high relative strength, it outperformed 91.6% 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) | 58.09 | NEUTRAL | The RSI value for CMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests CMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.99 | NEUTRAL | The Stochastics value for CMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for CMI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.75 | NEUTRAL | The ADX value for CMI suggests a possible start of a new 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 |
|---|---|---|---|
| 617.99 | 577.71 | 40.28 (6.52%) | 15.34% |
| An entry @617.99. This is a Buy Stop order right above the 10 day high. | An exit @577.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 40.28 points, which is 6.52%. | When investing 15.34% 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.
601.01
+12.22 (+2.08%)
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 58.093. 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 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 590. Check the full technical report for our detailed analysis of CMI support and resistance levels.