CMI Forecast and Technical Stock Analysis

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.

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.)

Overall risk:

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