The Greedy Trader Weekly Analysis
Sign In Dec 6, 2019
Skip Navigation Links
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

CUMMINS INC (CMI)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Price is near the Fibonacci 38.2% retracement levelThe period of low volatility of the stock price
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 2.71 points, or 1.50%, and closed at 182.86 on Friday, November 29, 2019. Weekly volume was -49% below average.

CMI is a member of Industrial Goods Sector. Industrial Goods is the most overbought 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 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 price is now at the 83.78% retracement level.

Medium-term trend: [See CMI medium-term trend chart]
A medium-term uptrend had started on August 23, 2019 at 141.14 and reached 186.73 on November 8, 2019. CMI gained -45.59 points, or -32.30%, in 11 weeks. The price is now at the 8.49% retracement level.

Weekly Technical Indicators: [See CMI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is above its signal line since October 11, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See CMI short-term trend chart]
A short-term uptrend had started on November 22, 2019 at 178.74 and reached 185.19 on November 27, 2019. CMI gained -6.45 points, or -3.61%, in 5 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 technical indicators are neutral.

The daily MACD line is below its signal line since November 13, 2019. The distance between MACD and the signal line is low and getting smaller.

The distance between the Bollinger Bands is falling, and it was 5.38% on Friday. It is 50.86% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.70
Williams' Percentage Range (W%R) 21.60
Lane's Stochastic (%D-Slow) 73.41
Greed/Fear Indicator (GFI) 64.51
Moving Average Converg./Diverg. (MACD) 3.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.57
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 90.93
Strong Overbought
Greed/Fear Indicator (GFI) 82.39
Overbought
Moving Average Converg./Diverg. (MACD) 3.41
Trading Signals
Description Value Chart
Upper Bollinger Band 185.72
Parabolic System 184.87
Daily Stochastic Crossing 184.37
Weekly Stochastic Crossing 183.70
Price 182.86
20 Day Moving Average 182.33
Lower Bollinger Band 175.87
50 Day Moving Average 171.99
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry Diversified Machinery 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 178.74
Low Date 11/22/2019
High 185.19
High Date 11/27/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 151.15
Low Date 10/03/2019
High 186.73
High Date 11/08/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.14
Low Date 08/23/2019
High 186.73
High Date 11/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.40
Low Date 12/26/2018
High 186.73
High Date 11/08/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 194.18
High Date 01/29/2018
Low 124.40
Low Date 12/26/2018
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.