Cummins CMI Trading Signals

Source: Stock Traders Daily

Longer Term Trading Plans for CMI
  • Buy CMI over 186.29 target 199.71 stop loss @ 185.75 Details
  • The technical summary data tells us to buy CMI near 186.29 with an upside target of 199.71. This data also tells us to set a stop loss @ 185.75 to protect against excessive loss in case the stock begins to move against the trade. 186.29 is the first level of support below 196.95 , and by rule, any test of support is a buy signal. In this case, support 186.29 would be being tested, so a buy signal would exist.

  • Short CMI under 199.71, target 186.29, stop loss @ 200.29 Details
  • The technical summary data is suggesting a short of CMI as it gets near 199.71 with a downside target of 186.29. We should have a stop loss in place at 200.29though. 199.71 is the first level of resistance above 196.95, and by rule, any test of resistance is a short signal. In this case, if resistance 199.71 is being tested, so a short signal would exist.

Swing Trading Plans for CMI
  • Buy CMI over 199.71, target 200.45, Stop Loss @ 199.13 Details
  • If 199.71 begins to break higher, the technical summary data tells us to buy CMI just over 199.71, with an upside target of 200.45. The data also tells us to set a stop loss @ 199.13 in case the stock turns against the trade. 199.71 is the first level of resistance above 196.95, and by rule, any break above resistance is a buy signal. In this case, 199.71, 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 near 199.71, target 186.29, Stop Loss @ 200.29. Details
  • The technical summary data is suggesting a short of CMI if it tests 199.71 with a downside target of 186.29. We should have a stop loss in place at 200.29 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, 199.71, 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 over 197.00, target 199.71, Stop Loss @ 196.54 Details
  • If 197.00 begins to break higher, the technical summary data tells us to buy CMI just over 197.00, with an upside target of 199.71. The data also tells us to set a stop loss @ 196.54 in case the stock turns against the trade. 197.00 is the first level of resistance above 196.95, and by rule, any break above resistance is a buy signal. In this case, 197.00, 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 near 197.00, target 191.43, Stop Loss @ 197.46. Details
  • The technical summary data is suggesting a short of CMI if it tests 197.00 with a downside target of 191.43. We should have a stop loss in place at 197.46 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, 197.00, 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.

CMI Ratings for June 14:

Term →Near Mid Long
Rating Weak Strong Weak
P1 0 0 186.29
P2 191.43 200.45 199.71
P3 197.00 215.10 213.44

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CMI Long Term Analysis for June 14 2022


CMI Swing Trading Analysis for June 14 2022


CMI Day Trading Analysis for June 14 2022

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.

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