CMI technical analysis
CMI Technical Analysis
Analysis date
August 5, 2026
Market
NYSE (USD)
Daily cutoff
August 3, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
CMI Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- CMI
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 3, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 648.85 | August 3, 2026 | - | Verified |
| Verification series | 648.85 | August 3, 2026 | 0.00% | Verified |
Bottom line
CMI Technical Analysis Summary
CMI is in a corrective phase within a longer-term uptrend. The daily chart shows price at 648.85 below SMA20 (654.84) and SMA50 (668.28) but above SMA200 (578.40), with RSI14 at 47.54 and a narrowing MACD histogram of -1.91 after a 2.31% rebound on above-average volume. The weekly chart keeps the structural uptrend intact, with price at 634.20 above SMA50 (549.13) and SMA200 (338.13) but just below SMA20 (640.57); the weekly MACD histogram is negative at -8.27, reflecting fading momentum after the strong run-up. Key support is at 597.35 (20-period low on the daily chart) and then 578.40 (daily SMA200). Key resistance is at 654.84 (SMA20) and 668.28 (SMA50), then 691.73 (20-period high) and 737.76 (60-period and 52-week high). A sustained close above SMA20 would signal that the correction is resolving; losing 597.35 could extend the pullback toward SMA200 at 578.40.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 3, 2026)
- Trend
- Mixed. Price at 648.85 is below SMA20 (654.84) and SMA50 (668.28) but above SMA200 (578.40). The SMA20 is below the SMA50, reflecting the recent pullback, while the upward-sloping SMA200 confirms the longer-term uptrend remains intact. A return above the SMA20 would improve the short-term structure.
- Momentum
- Neutral. RSI14 at 47.54 is just below the 50 midline, indicating balanced momentum. MACD at -10.27 is below the signal line at -8.36 with a negative histogram of -1.91. The negative histogram has narrowed from earlier in the pullback, suggesting downside pressure is easing even though the MACD line remains negative.
- Volatility
- Moderate. ATR14 at 25.88 (3.99% of price) reflects typical daily swings. Bollinger Bands (620.74 to 688.94) show price trading in the lower half of the range after the pullback, with the lower band at 620.74 as a nearby downside reference.
- Volume
- Above average. Latest volume of 1,306,800 is 141.5% of the 20-period average (923,480), indicating increased participation during the recent rebound.
Assessment
The daily chart shows a pullback within a longer-term uptrend. Price at 648.85 is below SMA20 (654.84) and SMA50 (668.28) but holding above SMA200 (578.40) and the 20-period low at 597.35. The last bar gained 2.31% on above-average volume, and the MACD histogram has narrowed, pointing to a possible stabilization. The RSI at 47.54 is near the 50 midline without extreme readings. A sustained move back above SMA20 (654.84) and SMA50 (668.28) would signal that the correction is resolving, while a break below 597.35 would open the door toward SMA200 at 578.40.
Weekly (July 27, 2026 week)
- Trend
- Mixed but structurally positive. Price at 634.20 is just below SMA20 (640.57) but remains above SMA50 (549.13) and SMA200 (338.13). The moving averages are still in a bullish alignment (SMA20 above SMA50 above SMA200), so the drop below SMA20 reflects a medium-term pullback rather than a trend reversal. Price would need to reclaim SMA20 to restore the short-term weekly structure.
- Momentum
- Neutral. RSI14 at 52.85 is near the 50 midline. MACD at 32.87 is below the signal line at 41.14 with a negative histogram of -8.27, showing that bullish momentum has faded at the weekly level after the strong run-up. The last completed week closed down 4.58%.
- Volatility
- Elevated. ATR14 at 49.18 (7.75% of price) reflects wide weekly ranges, consistent with the strong advances and subsequent pullback over the past year.
- Volume
- Above average. Latest weekly volume of 5,586,300 is 123.3% of the 20-week average (4,529,720), indicating active participation during the recent decline.
Assessment
The weekly chart remains in a longer-term uptrend despite the recent pullback. Price at 634.20 is holding above SMA50 (549.13) and SMA200 (338.13) after dipping below SMA20 (640.57). The 60-period return of +97.31% and the 252-period return of +210.83% show the scale of the prior advance. The RSI at 52.85 has cooled from higher readings, and the negative MACD histogram (-8.27) reflects fading momentum. The 20-week low at 508.45 and the SMA50 at 549.13 are the main weekly support references. The daily and weekly timeframes are broadly aligned: both show a corrective phase within a longer-term uptrend.
Key indicators
CMI Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 47.54 | 52.85 |
| MACD (12, 26, 9) | -10.27 / -8.36 / -1.91 | 32.87 / 41.14 / -8.27 |
| ATR (14) | 25.88 (3.99%) | 49.18 (7.75%) |
| Bollinger Bands (20, 2) | 620.74 - 688.94 | 539.53 - 741.60 |
| SMA (20) | 654.84 | 640.57 |
| SMA (50) | 668.28 | 549.13 |
| SMA (200) | 578.40 | 338.13 |
Price structure
CMI Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 648.85 | 634.20 |
| 1-Period Return | +2.31% | -4.58% |
| 5-Period Return | -1.96% | -7.53% |
| 20-Period Return | -4.33% | +18.76% |
| 60-Period Return | -9.06% | +97.31% |
| 252-Period Return | +79.33% | +210.83% |
| 52-Week Low | 349.09 | 351.29 |
| 52-Week High | 737.76 | 737.76 |
| 52-Week Position | 77.12% | 73.20% |
Key levels
CMI Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 691.73 | 737.76 |
| 20-Period Low | 597.35 | 508.45 |
| 60-Period High | 737.76 | 737.76 |
| 60-Period Low | 597.35 | 303.05 |
Scenarios
CMI Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price holds above the 20-period low at 597.35 and reclaims SMA20 (654.84) and SMA50 (668.28) with above-average volume, extending the longer-term uptrend.
Invalidation
Price breaks below the 20-period low at 597.35.
What to watch
Sustained close above SMA20 (654.84) and SMA50 (668.28); daily RSI crossing and holding above 50; MACD histogram turning positive; weekly RSI staying above 50; price reclaiming weekly SMA20 at 640.57.
Range-Bound
Trigger
Price oscillates between support at 597.35 (20-period low) and resistance from SMA20 (654.84) and SMA50 (668.28) as the pullback plays out within the longer-term uptrend.
Invalidation
A decisive close above 668.28 or below 597.35 with increasing volume.
What to watch
RSI fluctuating between 40 and 55; MACD histogram hovering near the zero line; volume mixing above and below the 20-period average; Bollinger Bands contracting.
Bearish
Trigger
Price breaks below the 20-period low at 597.35 and tests SMA200 at 578.40, with the weekly SMA20 at 640.57 acting as overhead resistance.
Invalidation
Price reclaims SMA20 (654.84) and holds above it with strong volume.
What to watch
Sustained closes below 597.35; daily RSI sliding below 40; MACD histogram turning more negative; increasing downside volume; weekly RSI dropping below 50.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 3, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 3, 2026, weekly July 27, 2026 week. Generated August 5, 2026.
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