The Greedy Trader Weekly Analysis
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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)

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is overboughtStochastic signal line moved below overbought area
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the CUMMINS INC (CMI). During the week, the CMI dropped -5.54 points, or -3.18%, and closed at 168.75 on Friday, June 26, 2020. Weekly volume was -36% below average.

CMI is a member of Industrials Sector. Industrials is the second 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 uptrend had started on October 9, 2002 at 4.90 and reached 194.18 on January 29, 2018. CMI gained -189.28 points, or -3862.86%, in 798 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 141.08 and resistance is at 221.72. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See CMI medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 101.03 and reached 184.94 on June 8, 2020. CMI gained -83.91 points, or -83.05%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (171.75) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since May 1, 2020. 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 June 8, 2020 at 184.94 and reached 160.61 on June 15, 2020. CMI lost 24.33 points, or 13.16%, in 7 days. The price is now at the 33.46% 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 June 10, 2020. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 30.30
Williams' Percentage Range (W%R) 65.70
Lane's Stochastic (%D-Slow) 52.96
Greed/Fear Indicator (GFI) 39.18
Moving Average Converg./Diverg. (MACD) 2.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.30
Williams' Percentage Range (W%R) 19.10
Overbought
Lane's Stochastic (%D-Slow) 79.95
Greed/Fear Indicator (GFI) 73.51
Moving Average Converg./Diverg. (MACD) -1.39
Trading Signals
Description Value Chart
Weekly Trendline Resistance 196.18
Upper Bollinger Band 179.25
Weekly Stochastic Crossing 175.29
20 Day Moving Average 172.67
Weekly Trendline Support 171.75
Parabolic System 170.86
Daily Stochastic Crossing 169.55
Price 168.75
50 Day Moving Average 163.06
Lower Bollinger Band 160.33
Yearly Trendline Support 141.08
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Industrial Machinery 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 184.94
High Date 06/08/2020
Low 160.61
Low Date 06/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 196.18
Support 171.75
Low 101.03
Low Date 03/23/2020
High 184.94
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 186.73
High Date 11/08/2019
Low 101.03
Low Date 03/23/2020
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 Up
Chart Pattern Rising Channel
Status Valid
Resistance 221.72
Support 141.08
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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