RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CMI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Cummins Inc stock price ended at $294.65 on Thursday, after losing 0.0136%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 25, 2024 Gain 23.36% PDF

The Cummins Inc stock price fell by -0.0136% on the last day (Thursday, 28th Mar 2024) from $294.69 to $294.65. During the last trading day the stock fluctuated 1.28% from a day low at $292.90 to a day high of $296.66. The price has risen in 6 of the last 10 days and is up by 11.79% over the past 2 weeks. Volume has increased on the last day by 139 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 781 thousand shares were bought and sold for approximately $230.25 million.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $295.68 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.76% during the next 3 months and, with a 90% probability hold a price between $343.97 and $371.86 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

CMI Signals & Forecast

The Cummins Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $291.11 and $271.60. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.0136%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Cummins Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $270.15 and $268.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cummins Inc finds support just below today's level at $270.15. If this is broken, then the next support from accumulated volume will be at $268.60 and $266.21.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.76 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 1.29%.

Our recommended stop-loss: $287.15 (-2.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CMI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cummins Inc to open at $294.74, and during the day (based on 14 day Average True Range), to move between $288.56 and $300.74, which gives a possible trading interval of +/-$6.09 (+/-2.07%) up or down from last closing price. If Cummins Inc takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $294.69 (0.01%) than the support at $270.15 (8.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cummins Inc stock A Buy?

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 Cummins Inc stock to perform well in the short-term.

Current score: 3.133 Buy Candidate Unchanged

Predicted Opening Price for Cummins Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$294.74 ( 0.0294%) $294.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CMI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 298.50 1.31 %
R2 297.06 0.82 %
R1 296.17 0.517 %
Current price: 294.65
Support S1 293.30 -0.458 %
S2 292.41 -0.759 %
S3 290.98 -1.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 294.69 0.0136 %
Current price 294.65
Support S1 270.15 -8.31%
S2 268.60 -8.84%
S3 266.21 -9.65%

CMI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Feb 22, 2024 Mar 07, 2024 $1.68 0.631%
2 Oct 10, 2023 Nov 22, 2023 Dec 07, 2023 $1.68 0.728%
3 Jul 11, 2023 Aug 24, 2023 Sep 07, 2023 $1.68 0.722%
4 May 09, 2023 May 18, 2023 Jun 01, 2023 $1.57 0.759%
5 Feb 14, 2023 Feb 23, 2023 Mar 09, 2023 $1.57 0.627%

FAQ

What is the symbol for Cummins Inc Stock and on which exchange is it traded?
The symbol for Cummins Inc is CMI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Cummins Inc Stock?
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 Cummins Inc stock to perform well in the short-term.

How to buy Cummins Inc Stock?
Cummins Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cummins Inc Stock.

What's the current price of Cummins Inc Stock?
As of the end of day on the 2024-03-28, the price of an Cummins Inc (CMI) share was $294.65.

What is the 52-week high and low for Cummins Inc Stock?
The 52-week high for Cummins Inc Stock is $297.11 and the 52-week low is $203.18.

What is the market capitalization of Cummins Inc Stock?
As of the 2024-03-28, the market capitalization of Cummins Inc is 41.798B.

When is the next earnings date for Cummins Inc?
The upcoming earnings date for Cummins Inc is May 07, 2024.
Click to get the best stock tips daily for free!

About Cummins Inc

Cummins Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, c... CMI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT