CUMMINS INC. - Daily - Technical analysis published on 05/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 207.22 USD
My targets
194.78 USD (-2.02%)
188.12 USD (-5.37%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CUMMINS INC. as long as the price remains well below 207.22 USD. The next bearish objective for sellers is set at 194.78 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 188.12 USD. If there is any crossing, the next objective would be the support located at 169.86 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CUMMINS INC. rating 198.80 USD. The price has increased by +1.17% since the last closing and was traded between 195.87 USD and 200.09 USD over the period. The price is currently at +1.50% from its lowest and -0.64% from its highest.195.87
200.09
198.80
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CUMMINS INC. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 169.86 | 188.12 | 194.78 | 198.80 | 207.22 | 215.21 | 225.52 |
| Change (%) | -14.56% | -5.37% | -2.02% | - | +4.24% | +8.25% | +13.44% |
| Change | -28.94 | -10.68 | -4.02 | - | +8.42 | +16.41 | +26.72 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.38 | 189.98 | 193.24 | 195.84 | 199.10 | 201.70 | 204.96 |
| Camarilla | 194.90 | 195.44 | 195.97 | 196.51 | 197.05 | 197.58 | 198.12 |
| Woodie | 187.72 | 190.15 | 193.58 | 196.01 | 199.44 | 201.87 | 205.30 |
| Fibonacci | 189.98 | 192.22 | 193.60 | 195.84 | 198.08 | 199.46 | 201.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 176.38 | 185.03 | 191.17 | 199.82 | 205.96 | 214.61 | 220.75 |
| Camarilla | 193.24 | 194.60 | 195.95 | 197.31 | 198.67 | 200.02 | 201.38 |
| Woodie | 175.13 | 184.40 | 189.92 | 199.19 | 204.71 | 213.98 | 219.50 |
| Fibonacci | 185.03 | 190.68 | 194.17 | 199.82 | 205.47 | 208.96 | 214.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 159.53 | 173.30 | 180.58 | 194.35 | 201.63 | 215.40 | 222.68 |
| Camarilla | 182.06 | 183.99 | 185.92 | 187.85 | 189.78 | 191.71 | 193.64 |
| Woodie | 156.28 | 171.68 | 177.33 | 192.73 | 198.38 | 213.78 | 219.43 |
| Fibonacci | 173.30 | 181.34 | 186.31 | 194.35 | 202.39 | 207.36 | 215.40 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.15 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -6.71 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 199.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 207.27 | |
| Elder Ray (13): | -1.23 | |
| Super Trend (3,10): | 208.05 | |
| Zig ZAG (10): | 198.40 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 33.00 | |
| TEMA (21): | 199.99 | |
| Williams %R (14): | -63.16 | |
| Chande Momentum Oscillator (20): | -2.84 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.38 |
| MA7: | 200.36 | |
| MA20: | 198.94 | |
| MA50: | 199.80 | |
| MA100: | 207.79 | |
| MAexp7: | 199.04 | |
| MAexp20: | 199.10 | |
| MAexp50: | 200.68 | |
| MAexp100: | 205.84 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -4.33% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.94% | |
| Price / MAexp100: | -3.42% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CUMMINS INC. at the time of the analysis were as follows:
- Daimler Truck North America and Cummins Collaborate to Drive Hydrogen Fuel Cell Trucks Forward in North America
- Cummins Inc. Declares Quarterly Common Stock Dividend
- Cummins Reports First Quarter 2022 Results
- Cummins’ Filtration Business Submits Confidential Registration Statement for Proposed Initial Public Offering1
- Cummins Completes Acquisition of Jacobs Vehicle Systems
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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