Weaker Buy Today CMI ranks #793 as BUY CANDIDATE #793 Stronger Buy

CMI stock forecast Cummins Inc

CMI stock forecast

Monday December 09, 2019 Change 0.35% Price $181.04
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (2 opinions)
100%
0%
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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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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.

Support: $177.12 Price: $181.04 Resistance: $182.53

Risk

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Weaker Buy Today CMI ranks #793 as BUY CANDIDATE #793 Stronger Buy
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