The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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CUMMINS INC
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBroken trend support line
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the CUMMINS INC (CMI). During the week, the CMI dropped -1.60 points, or -1.20%, and closed at 131.40 on Friday, July 06, 2018. Weekly volume was -12% below average.

CMI is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CMI long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 79.88 and reached 194.18 on January 29, 2018. CMI gained -114.30 points, or -143.09%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (190.63) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CMI may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.

Medium-term trend: [See CMI medium-term trend chart]
A medium-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. Price is near the trend low.

Weekly Technical Indicators: [See CMI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 weekly MACD line is below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 June 11, 2018 at 145.19 and reached 129.90 on July 6, 2018. CMI lost 15.29 points, or 10.53%, in 25 days. The price is now at the 9.81% retracement level.

Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since June 19, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.37
Oversold
Williams' Percentage Range (W%R) 91.20
Strong Oversold
Lane's Stochastic (%D-Slow) 13.42
Oversold
Greed/Fear Indicator (GFI) 11.85
Oversold
Moving Average Converg./Diverg. (MACD) -3.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.98
Williams' Percentage Range (W%R) 96.90
Strong Oversold
Lane's Stochastic (%D-Slow) 5.43
Strong Oversold
Greed/Fear Indicator (GFI) 14.52
Oversold
Moving Average Converg./Diverg. (MACD) -5.61 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 146.15
50 Day Moving Average 143.37
20 Day Moving Average 137.16
Parabolic System 133.08
Price 131.40
Weekly Stochastic Crossing 130.96
Daily Stochastic Crossing 130.80
Lower Bollinger Band 126.97
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Diversified Machinery 30
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 145.19
High Date 06/11/2018
Low 129.90
Low Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 172.08
High Date 04/18/2018
Low 129.90
Low Date 07/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 194.18
High Date 01/29/2018
Low 129.90
Low Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 209.78
Support 190.63
Low 79.88
Low Date 01/20/2016
High 194.18
High Date 01/29/2018
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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