CUMMINS INC (CMI) Technical Analysis
NYSE:CMI • US2310211063
Current stock price
CMI Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to CMI. CMI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- When comparing the yearly performance of all stocks, we notice that CMI is one of the better performing stocks in the market, outperforming 88% of all 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 85% 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 long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month CMI has a been trading in the 516.96 - 584.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CMI Weekly and Daily overview Charts
CMI Setup Rating and Analysis
Although the technical rating is only medium, CMI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 529.99, a Stop Loss order could be placed below this zone.
More info and screens
CMI Support and Resistance Analysis
288.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 523.50 to 529.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @291.15 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 542.74 to 551.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 88.82 | POSITIVE | CMI has a high relative strength, it outperformed 88.82% 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) | DOWN | NEGATIVE | The current price of CMI is below a declining 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) | 39.42 | NEUTRAL | The RSI value for CMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests CMI has a negative trend. |
| Stochastics (14,3) | 54 | NEUTRAL | The Stochastics value for CMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for CMI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.61 | NEUTRAL | The ADX value for CMI suggests a possible start of a new trend. |
CMI Chart- and CandleStick Pattern Analysis
CMI Technicals: Chart, Performance Metrics, Trend & Indicators
530
-23.36 (-4.22%)
CUMMINS INC / CMI TA FAQ
What is the ChartMill technical rating of CUMMINS INC (CMI) stock?
ChartMill assigns a technical rating of 5 / 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 39.4235. 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 529.99 and a resistance level at 542.74. Check the full technical report for our detailed analysis of CMI support and resistance levels.