Trading Signals: CMI Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Wed. Sep. 27, 2023)(Cummins Inc.)
| CMI latest price $18.8000 (-0.42%) ($18.7300 - $19.0000) on Wed. Jun. 29, 2005. | |
| | Trend Analysis and Forecast | | | | Average Daily Percentage Swing | 1.95% (three month average) | | RSI | 69 | | Latest Price | $18.8000(-0.42%) | | Stocks Behave Similarly | Similar Stock List | | Daily Trend | CMI advances 0.1% a day on average for past five trading days. | | Weekly Trend | CMI advances 1.5% a week on average for past two weeks. | | Market Behavior | Normal for large cap. Normal for small cap. | | Correlated ETFs | Broad market will support CMI advance at 0% a week (0% probability)
SPY(69%) IWM(67%) EEM(65%) VWO(64%) EWG(63%) | | Factors Impacting CMI price | CMI will decline at least -0.975% in a week (0% probabilities).
TLT(-30%) SHY(-22%) TIP(-14%) PEJ(-1%) REMX(1%) | | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | | | | Relative Volatility | (options are extremely cheap) | | | | | Market Trend Strength | -0.975% (StdDev 1.95%) | | Hourly BBV | 0 () | | Intraday Trend | -0.8% | | | | | |
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| 5 Day Moving Average | $18.46(1.84%) | | 10 Day Moving Average | $18.5(1.62%) | | 20 Day Moving Average | $18.19(3.35%) | | To recent high | -0.4% | | To recent low | 17.8% | | Market Cap | $2.775b | | | | | | |
Cummins, Inc. engages in the design, manufacture, sale and service of diesel and natural gas engines and powertrain-related technologies, including fuel systems, controls, air handing, filtration, emission, solutions and electrical power generation systems. It operates through the following segments: Engine, Distribution, Components and Power Generation. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. The Distribution segment consists of parts, engines, power generation and service, which service and distributes range of its products and services. The Components segment supplies products which complement its Engine and Power Systems segment, including after treatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Generation segment designs and manufactures most of the components that make up power generation systems, including controls, alternators, transfer switches and switchgear. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN. |