Bullish vs. Bearish (1 opinions)
Social Sentiment 0.00
CMI Forecast and Technical Stock Analysis
Sell candidate since 2019-08-16
Cummins Inc gained 2.21% in the last trading day ( Friday, 16th Aug 2019 ), rising from $146.03 to $149.25 , and has now gained 3 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 2.21% from a day low at $147.00 to a day high of $150.26. The price has been going up and down for this period, and there has been a -5.94% loss for the last 2 weeks. Volume fell in the last day by -0.28 million shares and in total, 1.22 million shares bought and sold for approximately $182.00 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 $175.91 and low was $144.05.
- 90 day high was $175.91 and low was $144.05.
- 52 week high for Cummins Inc - $175.91 and low - $124.40.
Trend
Cummins Inc is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $144.38 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect Cummins Inc with a 90% probability to be traded between $141.68 and $171.21 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals
A buy signal was issued from a pivot bottom point on Wednesday August 14, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Cummins Inc holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $164.08. On a fall, the stock will find some support from the short-term average at $148.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 25 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 $148.37.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.26 between high and low, or 2.21%. For the last week, the stock has had a daily average volatility of 2.80%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.80 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
Cummins Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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