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Industrial Machinery Industry Stocks Technical Analysis - CMIArchive
- 5/2/2025 -
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CUMMINS INC (CMI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the CUMMINS INC (CMI). During the week, the CMI gained 6.59 points, or 2.25%, and closed at 299.85 on Friday, May 2, 2025. Weekly volume was 23% above average.
 Long-term trend: [See CMI long-term trend chart]
A long-term uptrend had started on October 9, 2002 at 4.90 and reached 387.90 on December 9, 2024. CMI gained -383.00 points, or -7816.33%, in 1156 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.76 and resistance is at 340.37. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See CMI medium-term trend chart]
A medium-term uptrend had started on June 23, 2022 at 184.28 and reached 387.90 on December 9, 2024. CMI gained -203.62 points, or -110.49%, in 128 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 243.45 and resistance is at 344.05. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CMI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since December 27, 2024. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See CMI short-term trend chart]
A short-term downtrend had started on February 19, 2025 at 387.40 and reached 260.00 on April 7, 2025. CMI lost 127.40 points, or 32.89%, in 47 days. The price is now at the 31.28% retracement level.
 Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 21, 2025. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
7 |
| Industry |
Industrial Machinery |
41 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
387.40 |
| High Date |
02/19/2025 |
| Low |
260.00 |
| Low Date |
04/07/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
387.90 |
| High Date |
12/09/2024 |
| Low |
260.00 |
| Low Date |
04/07/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Support |
| Resistance |
436.99 |
| Support |
331.31 |
| Low |
212.80 |
| Low Date |
11/02/2023 |
| High |
387.90 |
| High Date |
12/09/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
344.05 |
| Support |
243.45 |
| Low |
184.28 |
| Low Date |
06/23/2022 |
| High |
387.90 |
| High Date |
12/09/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
340.37 |
| Support |
129.76 |
| Low |
4.90 |
| Low Date |
10/09/2002 |
| High |
387.90 |
| High Date |
12/09/2024 |
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