CUM Technical Analysis - CUMMINS INC

Technical Rating and Analysis

Taking everything into account, CUM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CUM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: CUM has an average volume of 78 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

CUM is one of the better performing stocks in the Machinery industry, it outperforms 85% of 106 stocks in the same industry.

CUM 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 CUM has a been trading in the 239.60 - 284.60 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, CUM did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Volume is considerably higher in the last couple of days.

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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

Although CUM 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

201.17

284.01

5 important support areas can be observed.

A support zone ranging from 257.13 to 260.43. 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 241.99 to 241.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @228.75 from a horizontal line in the daily time frame.
Support @209.90 from a trend line in the daily time frame.
A support zone ranging from 203.20 to 205.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 CUM.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CUM.DE is up.
ChartMill Relative Strength	90.46	POSITIVE	CUM.DE has a high relative strength, it outperformed 90.46% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CUM.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CUM.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CUM.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.85	OVERBOUGHT	The high RSI value suggests CUM.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.97	POSITIVE	The MACD value suggests CUM.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	94.29	OVERBOUGHT	The high Stochastics value suggests CUM.DE may be overbought.
Average True Range in percent/ATR (20)	1.85	LOW VOLATILITY	The low ATR as a percentage value for CUM.DE suggests low volalility.
Average Directional Index/ADX (14)	34.23	POSITIVE	The high ADX value value for CUM.DE suggests a strong trend.