Cummins $CMI Trading Signals

September 25, 2023, 22:30 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMI

• Buy CMI slightly over 218.03 target 235.21 stop loss @ 217.4 Details

The technical summary data tells us to buy CMI near 218.03 with an upside target of 235.21. This data also tells us to set a stop loss @ 217.4 to protect against excessive loss in case the stock begins to move against the trade. 218.03 is the first level of support below 231.51 , and by rule, any test of support is a buy signal. In this case, support 218.03 would be being tested, so a buy signal would exist.

• Short CMI slightly under 235.21, target 218.03, stop loss @ 235.89 Details

The technical summary data is suggesting a short of CMI as it gets near 235.21 with a downside target of 218.03. We should have a stop loss in place at 235.89though. 235.21 is the first level of resistance above 231.51, and by rule, any test of resistance is a short signal. In this case, if resistance 235.21 is being tested, so a short signal would exist.

Swing Trading Plans for CMI

• Buy CMI slightly over 235.21, target 235.68, Stop Loss @ 234.53 Details

If 235.21 begins to break higher, the technical summary data tells us to buy CMI just slightly over 235.21, with an upside target of 235.68. The data also tells us to set a stop loss @ 234.53 in case the stock turns against the trade. 235.21 is the first level of resistance above 231.51, and by rule, any break above resistance is a buy signal. In this case, 235.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMI slightly near 235.21, target 230.36, Stop Loss @ 235.89. Details

The technical summary data is suggesting a short of CMI if it tests 235.21 with a downside target of 230.36. We should have a stop loss in place at 235.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 235.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CMI

• Buy CMI slightly over 235.21, target 235.68, Stop Loss @ 234.66 Details

If 235.21 begins to break higher, the technical summary data tells us to buy CMI just slightly over 235.21, with an upside target of 235.68. The data also tells us to set a stop loss @ 234.66 in case the stock turns against the trade. 235.21 is the first level of resistance above 231.51, and by rule, any break above resistance is a buy signal. In this case, 235.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMI slightly near 235.21, target 230.90, Stop Loss @ 235.76. Details

The technical summary data is suggesting a short of CMI if it tests 235.21 with a downside target of 230.90. We should have a stop loss in place at 235.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 235.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Cummins (CMI) available here: CMI.

CMI Ratings for September 25:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	218.03
P2	227.56	230.36	235.21
P3	230.90	235.68	251.96

AI Generated Signals for CMI

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Trading Cummins (NYSE: CMI) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CMI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CMI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CMI too.  All of these are offered below the Summary Table.