Cummins (CMI) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for CMI · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$635.96last close · Aug 4, 202652-week range $356.92 – $737.76 · 13.8% below the high

CMI Falling Wedge Pattern

CMI is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $752.74 (+16.4%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; CMI's own falling wedges have hit 53.8%.

DirectionBullishTarget$752.74Projected move+16.4%Breakout level$649.01

New to this pattern? What a falling wedge is and how to trade it →

CMI's Most Recent Falling Wedge Trade

CMI's most recent completed falling wedge resolved as a loss: it broke higher on Jun 15, 2026 near $679.36, then was stopped out at $606.00 on Jul 29, 2026 — a -1.49R move (10.8%) over 30 sessions. Across 152 backtested falling wedges, this setup wins 56.6% of the time.

OutcomeLossResult-1.49REntry$679.36Exit$606.00

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
CMI win rate
53.8%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

CMI Pattern Trade History

Every completed pattern trade our nightly backtest found on CMI's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 15, 2026 @ $679.36Jul 29, 2026 @ $606.00Loss-1.49R
Bullish PennantApr 1, 2026 @ $550.09May 18, 2026 @ $677.87Win+3.19R
TriangleMar 6, 2026 @ $541.08Apr 9, 2026 @ $610.99Loss-1.05R
Rising WedgeSep 25, 2025 @ $413.53Oct 2, 2025 @ $432.59Loss-1.00R
Bullish PennantJun 24, 2025 @ $324.17Aug 1, 2025 @ $355.84Win+1.95R
Falling WedgeApr 3, 2025 @ $303.83May 13, 2025 @ $334.58Loss-1.04R
Bullish PennantSep 19, 2024 @ $309.46Dec 11, 2024 @ $370.15Win+2.48R
TriangleAug 21, 2024 @ $302.56Oct 17, 2024 @ $332.99Win+2.25R
TriangleJul 12, 2024 @ $282.67Aug 5, 2024 @ $282.65Loss+0.00R
Rising WedgeJul 21, 2023 @ $258.50Jul 31, 2023 @ $260.80Loss-1.26R
Falling WedgeMay 19, 2023 @ $213.01Jun 6, 2023 @ $222.85Loss-1.44R
Rising WedgeFeb 24, 2023 @ $245.61Mar 15, 2023 @ $227.36Win+1.31R

CMI Support and Resistance Levels

Price is bouncing off a floor near $583.57 and starting to climb. On the weekly chart, the next ceiling overhead sits near $715.47 — about 12% away.

  • Traders commonly watch $715.47 as a target (its 361.8% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $583.57 floor just now, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $595.99, resistance near $709.84. These are chart/swing-derived levels, not formula pivots.

Resistance
$709.84$721.69$739.70$828.30$908.14
Support
$595.99$580.64

CMI Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$578.90$640.82$577.72$635.96
Aug 3, 2026$636.79$652.50$631.00$648.85
Jul 31, 2026$649.92$651.73$629.34$634.20
Jul 30, 2026$629.07$641.98$619.08$632.98
Jul 29, 2026$634.23$635.01$597.35$606.00
Jul 28, 2026$650.03$650.46$628.97$641.60
Jul 27, 2026$664.19$671.34$642.10$661.84
Jul 24, 2026$665.03$671.24$657.75$664.65
Jul 23, 2026$660.29$671.33$659.00$665.03
Jul 22, 2026$654.74$668.92$650.00$660.75

CMI Frequently Asked Questions

What chart pattern is CMI forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Cummins (CMI) on the daily chart, with a measured-move target of $752.74.
Is a falling wedge bullish or bearish?
The falling wedge detected on CMI is a bullish pattern, projecting a measured-move target of $752.74. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for CMI?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), CMI's nearest support is around $595.99 and nearest resistance around $709.84.
What is the price target if CMI's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $752.74 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CMI's closing price on Aug 4, 2026?
Cummins (CMI) last closed at $635.96 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.