The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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CUMMINS INC (CMI) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Relative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversold
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It was the negative week for the CUMMINS INC (CMI). During the week, the CMI dropped -22.83 points, or -3.88%, and closed at 564.85 on Friday, August 28, 2026. CMI was trading at average weekly trading volume.

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 (137.56) 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 uptrend resistance line (295.14) 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 medium-term trend.

Weekly Technical Indicators: [See CMI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 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 near its high and getting bigger. 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 561.47 on August 28, 2026. CMI lost 176.29 points, or 23.90%, in 71 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 507.82 and resistance is at 620.73. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since August 17, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.93
Oversold
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 6.94
Strong Oversold
Greed/Fear Indicator (GFI) 13.81
Oversold
Moving Average Converg./Diverg. (MACD) -17.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.96
Williams' Percentage Range (W%R) 91.20
Strong Oversold
Lane's Stochastic (%D-Slow) 24.13
Greed/Fear Indicator (GFI) 25.09
Moving Average Converg./Diverg. (MACD) 32.77
Trading Signals
Description Value Chart
Upper Bollinger Band 667.50
50 Day Moving Average 648.56
Monthly Trendline Support 648.20
Parabolic System 623.17
Weekly Trendline Resistance 620.73
20 Day Moving Average 615.21
Weekly Stochastic Crossing 593.68
Daily Stochastic Crossing 566.17
Price 564.85
Lower Bollinger Band 549.10
Quarterly Trendline Resistance 510.19
Weekly Trendline Support 507.82
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Industrial Machinery 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 661.01
High Date 08/05/2026
Low 561.47
Low Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 620.73
Support 507.82
High 737.76
High Date 06/18/2026
Low 561.47
Low Date 08/28/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 788.68
Support 648.20
Low 260.00
Low Date 04/07/2025
High 737.76
High Date 06/18/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 510.19
Support 295.14
Low 184.28
Low Date 06/23/2022
High 737.76
High Date 06/18/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 361.42
Support 137.56
Low 4.90
Low Date 10/09/2002
High 737.76
High Date 06/18/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.