The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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CUMMINS INC (CMI) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved above oversold area
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It was a first positive week for the CUMMINS INC (CMI). During the week, the CMI gained 7.08 points, or 1.11%, and closed at 646.63 on Friday, May 29, 2026. Weekly volume was 11% 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 718.08 on May 7, 2026. CMI gained -713.18 points, or -14554.69%, in 1230 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (136.08) 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 718.08 on May 7, 2026. CMI gained -533.80 points, or -289.67%, in 202 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (288.31) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. 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 May 7, 2026 at 718.08 and reached 628.09 on May 22, 2026. CMI lost 89.99 points, or 12.53%, in 15 days. The price is now at the 20.60% retracement level.

Daily Technical Indicators: [See CMI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since May 15, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.30
Williams' Percentage Range (W%R) 58.00
Lane's Stochastic (%D-Slow) 36.70
Greed/Fear Indicator (GFI) 39.99
Moving Average Converg./Diverg. (MACD) 12.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.49
Williams' Percentage Range (W%R) 25.10
Lane's Stochastic (%D-Slow) 84.57
Overbought
Greed/Fear Indicator (GFI) 71.56
Moving Average Converg./Diverg. (MACD) 46.49
Trading Signals
Description Value Chart
Monthly Trendline Resistance 741.71
Upper Bollinger Band 710.60
Weekly Stochastic Crossing 685.46
20 Day Moving Average 676.72
Parabolic System 676.42
Daily Stochastic Crossing 647.74
Price 646.63
50 Day Moving Average 626.34
Lower Bollinger Band 616.27
Monthly Trendline Support 552.56
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Industrial Machinery 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 718.08
High Date 05/07/2026
Low 628.09
Low Date 05/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 510.05
Low Date 03/30/2026
High 718.08
High Date 05/07/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 741.71
Support 552.56
Low 260.00
Low Date 04/07/2025
High 718.08
High Date 05/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 492.28
Support 288.31
Low 184.28
Low Date 06/23/2022
High 718.08
High Date 05/07/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 357.42
Support 136.08
Low 4.90
Low Date 10/09/2002
High 718.08
High Date 05/07/2026
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.