The Greedy Trader Weekly Analysis
Sign In Feb 15, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 2/8/2019
Sign In to see current Signals.
CUMMINS INC
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineTrend resistance at 148.56
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was a first positive week for the CUMMINS INC (CMI). During the week, the CMI gained 1.57 points, or 1.07%, and closed at 148.28 on Friday, February 8, 2019. Weekly volume was -7% below 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 124.40 on December 26, 2018. CMI lost 69.78 points, or 35.94%, in 47 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend resistance line (148.56). 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 December 26, 2018 at 124.40 and reached 150.97 on February 6, 2019. CMI gained -26.57 points, or -21.36%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (153.10) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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 January 11, 2019. 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 February 6, 2019 at 150.97 and reached 146.52 on February 8, 2019. CMI lost 4.45 points, or 2.95%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since December 28, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.34
Williams' Percentage Range (W%R) 19.10
Overbought
Lane's Stochastic (%D-Slow) 86.38
Overbought
Greed/Fear Indicator (GFI) 70.86
Moving Average Converg./Diverg. (MACD) 2.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.01
Williams' Percentage Range (W%R) 25.20
Lane's Stochastic (%D-Slow) 61.36
Greed/Fear Indicator (GFI) 62.83
Moving Average Converg./Diverg. (MACD) -2.22
Trading Signals
Description Value Chart
Monthly Trendline Support 153.10
Monthly Trendline Resistance 152.94
Upper Bollinger Band 152.15
Daily Stochastic Crossing 149.84
Quarterly Trendline Resistance 148.56
Price 148.28
20 Day Moving Average 145.56
Parabolic System 142.78
Weekly Stochastic Crossing 142.09
50 Day Moving Average 140.33
Lower Bollinger Band 138.29
Quarterly Trendline Support 124.15
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry Diversified Machinery 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 150.97
High Date 02/06/2019
Low 146.52
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 150.97
High Date 02/06/2019
Low 146.52
Low Date 02/08/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 152.94
Support 153.10
Low 124.40
Low Date 12/26/2018
High 150.97
High Date 02/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Test Resistance
Resistance 148.56
Support 124.15
High 194.18
High Date 01/29/2018
Low 124.40
Low Date 12/26/2018
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.

Copyright© 2004-2018 All rights reserved.