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Takip Edin: @UscMarketsCMI Stock Forecast & Cummins Chart Analysis
This article provides a detailed analysis of CMI-Cummins Inc. stock including a forecast for CMI shares. It features Cummins Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
CMI Historical Data Review
CMI Current Price Performance Analysis
The Cummins - CMI stock traded on the American stock market, on 06-05-2024, closed at 278.81$ with a %2.09 increased compared to the previous day.
In the last month, the price of CMI changed by %-1.69 decreased in value, from 283.59 dollars on 05-06-2024 to 278.81 dollars, decreased.
Last year, the price of CMI was 222.85 dollars on 06-06-2023, and changed by %25.11 increased in value, to 278.81 dollars increased within a year.
The price of Cummins stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
CMI with AI Stock Forecast & Price Target
On the CMI chart Cummins price was recorded as 278.81 Dollars on 06/05/2024.
The artificial intelligence's forecast on CMI stock is as follows.
The artificial intelligence's prediction error margin for CMI stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Cummins stock over the next 4 months is: 269.6 Dollars.
The commentary on CMI stock Target Price: Highest: 286.164 Dollars is predicted.
The commentary on CMI stock Target Price: Lowest: 252.958 Dollars is predicted.
Resistance Price where Cummins stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 273.352 |
| 12-17-2024 | 286.164 |
| 02-20-2025 | 263.124 |
Support Price where Cummins stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 269.663 |
| 11-07-2024 | 252.958 |
| 02-05-2025 | 261.908 |
| 04-01-2025 | 256.633 |
The commentary on CMI stock: The target price can generally be said to be on the decline.
The commentary on CMI stock: Fluctuations in the target price can be expected in the coming days.
The target price for Cummins stock by the end of 2024 is predicted to be 281.812 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CMI stock, and the 2024 target price predictions for Cummins are detailed above.
The technical analysis and charts for the commentary on CMI stock are below.
CMI Support & Resistance and Trend Analysis
CMI stock you have reviewed the technical analysis support resistance charts regarding.
CMI : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CMI review, the Cummins support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Cummins Support and Resistance Prices:
| CMI Support Level Price | CMI Resistance Level Price |
|---|---|
| 212.80 | 227.53 |
| 214.58 | 233.32 |
| 220.02 | 242.18 |
| 226.53 | 248.41 |
| 232.74 | 276.92 |
| 234.95 | 295.44 |
| 260.88 | 297.11 |
| 273.92 | 300.22 |
| 304.25 |
CMI Technical Analysis: SMA, RSI, MACD
Upon reviewing the CMI chart, buy and sell signals have been generated in the Cummins technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CMI stock are as follows:- CMI technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Cummins gave a 'Buy' signal when the RSI was at 24.462, with the current RSI value at 35.47.
- The technical analysis for Cummins indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Cummins stock: Click here to read more predictions on United Overseas Bank stock.
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