CMI Technical Analysis - CUMMINS INC

Technical Rating and Analysis

Overall CMI gets a technical rating of 9 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.

In the last month CMI has a been trading in the 400.72 - 440.51 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When comparing the yearly performance of all stocks, we notice that CMI is one of the better performing stocks in the market, outperforming 82% of all stocks.

CMI is one of the better performing stocks in the Machinery industry, it outperforms 77% of 129 stocks in the same industry.

CMI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CMI is lagging the market slightly.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CMI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 413.07, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

296.15

443.28

We found 4 important support areas.

A support zone ranging from 408.45 to 413.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @382.33 from a trend line in the daily time frame.
Support @370.88 from a trend line in the weekly time frame.
Support @299.14 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 423.38 to 438.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The short term trend for CMI is neutral.
ChartMill Relative Strength	82.98	POSITIVE	CMI has a high relative strength, it outperformed 82.98% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CMI is below 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)	49.48	NEUTRAL	The RSI value for CMI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.9	NEGATIVE	The MACD value suggests CMI has a negative trend.
Stochastics (14,3)	17.27	OVERSOLD	The low Stochastics value suggests CMI may be oversold.
Average True Range in percent/ATR (20)	2.46	MEDIUM VOLATILITY	The ATR as a percentage value for CMI suggests some volalility.
Average Directional Index/ADX (14)	35.58	POSITIVE	The high ADX value value for CMI suggests a strong trend.