What is the technical trend for CMI?
As of June 3, 2025, CMI's technical trend is mildly bearish, with bearish signals from the weekly MACD and moving averages, although the monthly indicators show some potential for recovery.
As of 3 June 2025, the technical trend for CMI has changed from bearish to mildly bearish. The weekly MACD remains bearish, while the monthly MACD shows a mildly bullish stance, indicating some potential for recovery. However, the daily moving averages are bearish, reinforcing the short-term negative outlook. Both the weekly and monthly Bollinger Bands are mildly bearish, suggesting continued downward pressure. The KST aligns with this view, being bearish on the weekly and mildly bullish on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the bearish signals in the weekly MACD and moving averages, despite some signs of potential improvement in the monthly indicators.
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