Cummins Inc. | CMI

Daily Technical Analysis of Cummins Inc.

Cummins is up a bit on the day, funds flowing in kept the price up 1.47% since yesterday. It looks like CMI may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. In addition to being near an angled support line CMI is near a weak support line. We'll see if it bounces off or heads lower. CMI hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to get a very good bounce at this point or not.

If the price bounces off of the support and moves up it'll probably head up to the $347.81 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Last analyzed on 2025-03-31

Analyst Ratings for Cummins By Price Target And Rating

The analysts are pretty neutral on Cummins right now, so not much useful information here. The current Analysts Sentiment Score is 1.69. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-16 The Goldman Sachs Group increased their price target by 13.33% to $306.00. JPMorgan Chase & Co. provided a price target boost of 12.24% to $275.00 from $245.00 on 2024-03-25. UBS Group upgraded from Neutral to Buy on 2024-03-15 and also increased their price target by 26.38% to $321.00. On 2024-03-14 Truist Financial started covering Cummins with a rating of Hold and added a price target of $303.00. Evercore ISI provided a price target boost of 5.63% to $244.00 from $231.00 on 2024-02-20. On 2024-02-12 Citigroup increased their price target by 7.55% to $285.00. TD Cowen gave a boost to their price target and moved to $272.00 from $260.00 on 2024-02-07. Bank of America released a downgrade on 2024-01-19 from Neutral to Underperform and decided to decrease their price target by -7.41% down to $225.00. On 2024-01-08 Morgan Stanley initiated their coverage and rated as Overweight and added a price target of $278.00. On 2023-08-04 Credit Suisse Group lowered their price target by -0.69% to $288.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CMI	1.69	2.07	-0.8	2.56	-0.45

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-09)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CMI	0.00	0.00

Short interest for Cummins

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
CMI	1.86	%1.3	2.5	-3.102	1850000

How Cummins compares to the broader Industrials sector and the more specific Industrial Products industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Industrial Products Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	75	1.47	-0.74	-1.69	-4.41	-4.73	3.16	44.24	-10.72	-3.40	0.26	-12569.42	-6156.26	9.33	1.33	3.49	0.60
Industrials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	277	1.72	-0.10	-0.35	-6.08	-6.12	0.27	47.58	-9.88	-8.47	-7.50	-14645.29	-9313.17	13.27	1.62	3.62	0.58

Social Sentiment for Cummins

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
CMI

Companies with the highest correlation to Cummins

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
PCAR \| Paccar Inc	1.52	0.81	0.92	-7.30	-7.60	1.06	-18.51	38	-7.08	-4.35	-5.56	-8538.68	163.24	0	3.03233
OSK \| Oshkosh Corp.	1.32	1.98	-1.31	-1.79	3.13	-2.72	-22.31	45	-8.69	-9.87	-15.57	-16708.30	166.17	0	2.08326
EMN \| Eastman Chemical Company	1.3	0.24	-0.71	-8.92	-0.41	-20.19	-12.09	28	-12.24	-12.16	-11.17	-10976.39	173.68	0	1.12457
KEY \| KeyCorp	1.3	1.71	-0.62	0.88	-7.54	-1.05	5.31	50	-1.21	-1.35	0.71	-3536.76	-1912.54	125	5.08773
PFG \| Principal Financial Group	1.27	1.22	1.30	-0.52	10.76	1.23	1.00	53	1.71	1.89	5.49	-712.99	-13881.86	0	2.79668
PRU \| Prudential Financial, Inc	1.25	0.91	-1.49	2.33	-5.00	-5.57	-3.09	64	-27.72	-11.22	-10.95	184.44	-2296.77	0	2.16878
TFC \| Truist Financial Corporat	1.22	1.32	0.39	-1.61	-5.76	-0.38	9.69	46	-0.37	-0.05	5.48	-6903.70	-352.00	100	1.42117
NTRS \| Northern Trust Corp	1.22	0.80	-1.81	-4.91	-4.34	11.28	12.74	49	2.95	10.05	27.21	-2419.05	-20528.03	100	1.6074

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