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Archive
- 10/16/2026 -
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CUMMINS INC (CMI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the CUMMINS INC (CMI). During the week, the CMI gained 7.94 points, or 1.52%, and closed at 531.33 on Friday, October 16, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was 30% 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 737.76 on June 18, 2026. CMI gained -732.86 points, or -14956.33%, in 1236 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (138.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line 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 737.76 on June 18, 2026. CMI gained -553.48 points, or -300.35%, in 208 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (519.86). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See CMI weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since July 2, 2026. 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 June 18, 2026 at 737.76 and reached 507.20 on October 1, 2026. CMI lost 230.56 points, or 31.25%, in 105 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 488.28 and resistance is at 538.69. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 18, 2026.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.27%) is close to one year low (5.38%). It is 68.56% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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