Bullish vs. Bearish (2 opinions)
Social Sentiment 0.63
CMI Forecast and Technical Stock Analysis
Buy candidate since 2019-12-06 Gain 0.35% PDF
Cummins Inc gained 0.35% in the last trading day ( Monday, 9th Dec 2019 ), rising from $180.41 to $181.04 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.08% from a day low at $179.36 to a day high of $181.30. The price has been going up and down for this period, and there has been a 0.49% gain for the last 2 weeks. Volume fell in the last day by -11 878 shares and in total, 683 570 shares bought and sold for approximately $123.75 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the CMI stock price was $186.62 and low was $175.39.
- 90 day high was $186.73 and low was $151.15.
- 52 week high for Cummins Inc - $186.73 and low - $124.40.
Cummins Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.45% during the next 3 months and, with 90% probability hold a price between $203.11 and $229.24 at the end of this period.
Only positive signals in the chart today. Cummins Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $180.06 and $180.11. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday December 04, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 43 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Cummins Inc finds support from accumulated volume at $177.12.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.94 (1.08%) between high and low. For the last week, the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $171.57 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
1.30 %Average volatility
Very Low Low Medium High Very High
|CMI $181.04 ($0.63 0.35%)|
CMI is up $0.63 today, but where's it headed in 2020?
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