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SHORT trading signal Cummins Inc - CMI

US stock price signals and analysis

Good morning Traders,

Today, September 23,  Lift-Off offers a SHORT trading signal on the US stock Cummins Inc (Ticker: CMI) listed on the NYSE and part of the S&P500 index.

Yesterday it closed at $207.04 per share, marking a -1.77% in closing session

The company is operating in the "Manufacturing Chains" sector particularly in the "Agricultural Machinery/Motor Vehicles Industry"

The current price is moderately undervalued compared to its intrinsic value, its financial robustness data is averagely good, with Turnover growing this year after the 2020 slump,  recovering from 2021 from Q3 '21, but debts are continuously increasing.

Below chart of Cummins Inc - CMI - with signal detected by Lift-Off

Some information about Cummins Inc

Cummins, Inc designs, manufactures and markets diesel and natural gas engines. 

Operates through the following segments: engine, distribution, components, power systems, and new power. 

Manufactures and markets diesel and natural gas-fueled engines under the Cummins brand name and distributes components, engines, power generation, and services as well as provides service. 

Also, provides products such as aftertreatment systems, turbochargers, transmissions, filtration products, electronics, and power systems for commercial diesel and natural gas applications. 

It is also involved in power generation and industrial technologies as well as designing, manufacturing, selling and supporting hydrogen production solutions and electrified power systems ranging from all-electric to hybrid along with components and subsystems, including battery and fuel cell technologies.

The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919, and is headquartered in Columbus, IN.

Financial Overview: CMI's current market capitalization is US$29,716B. The company's TTM EPS is 14.39 USD, dividend yield is 2.98% and PE is 14.75. Cummins Inc's next earnings release date is Nov. 1. The estimate is US$4.78.

Accounts, including revenue, expenses, profit and loss: CMI's total revenue for the latest quarter is US$6.59B, up 3.15% from the previous quarter. Net income in Q2 22 is 702.00M USD.

Overview data and accounts source: Tradingview.com

Signal Chart September 23, 2022

SHORT - Cummins Inc - CMI

Input Price: $207.04 (and any opening price)

Area Stop loss or adjustment (partial stop close): $220.00

Area Take profit 1: $196.00 half position close and stop at 0

Area Take profit 2: $184.00 or no target