The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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CUMMINS INC
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Summary:
Weekly :Trend resistance at 141.40
Daily :
Move cursor over the icon to see details.

It was the negative week for the CUMMINS INC (CMI). During the week, the CMI gave back -0.77 points, or -0.54%, and closed at 141.03 on Friday, September 07, 2018. Weekly volume was 9% above average.

Long-term trend: [See CMI long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 194.18 and reached 129.90 on July 6, 2018. CMI lost 64.28 points, or 33.10%, in 22 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (141.40). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CMI medium-term trend chart]
A medium-term uptrend had started on July 6, 2018 at 129.90 and reached 145.98 on August 28, 2018. CMI gained -16.08 points, or -12.38%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 138.89 and resistance is at 146.68. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CMI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since August 3, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CMI short-term trend chart]
A short-term downtrend had started on August 28, 2018 at 145.98 and reached 139.04 on September 4, 2018. CMI lost 6.94 points, or 4.75%, in 7 days. The price is now at the 28.67% retracement level.

Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.08
Williams' Percentage Range (W%R) 50.40
Lane's Stochastic (%D-Slow) 40.75
Greed/Fear Indicator (GFI) 44.81
Moving Average Converg./Diverg. (MACD) 0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.14
Williams' Percentage Range (W%R) 74.20
Lane's Stochastic (%D-Slow) 77.47
Greed/Fear Indicator (GFI) 50.97
Moving Average Converg./Diverg. (MACD) -6.49
Trading Signals
Description Value Chart
Monthly Trendline Resistance 146.68
Upper Bollinger Band 145.86
Parabolic System 143.96
Weekly Stochastic Crossing 143.05
20 Day Moving Average 141.97
Daily Stochastic Crossing 141.71
Quarterly Trendline Resistance 141.40
Price 141.03
50 Day Moving Average 138.90
Monthly Trendline Support 138.89
Lower Bollinger Band 137.38
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry Diversified Machinery 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 143.54
High Date 09/06/2018
Low 139.29
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 145.98
High Date 08/28/2018
Low 139.04
Low Date 09/04/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 146.68
Support 138.89
Low 129.90
Low Date 07/06/2018
High 145.98
High Date 08/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 141.40
Support 108.32
High 194.18
High Date 01/29/2018
Low 129.90
Low Date 07/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.90
Low Date 10/09/2002
High 194.18
High Date 01/29/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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