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Downtrend ExhaustionArchive
- 11/6/2026 -
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CUMMINS INC (CMI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the CUMMINS INC (CMI). During the week, the CMI dropped -50.02 points, or -10.00%, and closed at 450.07 on Friday, November 6, 2026. It was the worst weekly loss since May 22, 2026. Weekly volume was 136% 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 (138.71) 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 downtrend had started on June 18, 2026 at 737.76 and reached 443.62 on November 5, 2026. CMI lost 294.14 points, or 39.87%, in 20 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (461.62) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See CMI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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. This is an indication that the medium-term trend is down. 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 October 21, 2026 at 548.42 and reached 443.62 on November 5, 2026. CMI lost 104.80 points, or 19.11%, in 15 days. The price is now at the 6.15% retracement level.
 Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since October 29, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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