(CMC) Commercial Metals complete technical analysis [charts+indicators] | Buy/Sell Commercial Metals | (CMC) share price targets
Complete technical analysis of Commercial Metals (CMC) by charts plus indicators, forecast predictions and share price targets for Commercial Metals (CMC)
Commercial Metals trades in USA in Basic Industries sector.
10 day averaged volume of Commercial Metals is 730620
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Fri May 2024 | 57.29 | 57.76 | 57.97 | 57.23 | 0.647 times |
| 09 Thu May 2024 | 57.55 | 56.20 | 57.73 | 56.20 | 0.869 times |
| 08 Wed May 2024 | 56.22 | 55.76 | 56.42 | 55.76 | 0.593 times |
| 07 Tue May 2024 | 56.27 | 55.76 | 56.70 | 55.76 | 0.865 times |
| 06 Mon May 2024 | 55.79 | 56.51 | 56.95 | 55.75 | 0.888 times |
| 03 Fri May 2024 | 55.90 | 57.04 | 57.19 | 55.36 | 1.174 times |
| 02 Thu May 2024 | 56.46 | 54.73 | 56.49 | 54.41 | 1.555 times |
| 01 Wed May 2024 | 54.19 | 54.11 | 55.03 | 53.75 | 1.116 times |
| 30 Tue Apr 2024 | 53.74 | 54.44 | 54.67 | 53.65 | 1.324 times |
| 29 Mon Apr 2024 | 54.87 | 53.59 | 55.11 | 53.59 | 0.889 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.4, but if it comes below 56.4, then a intra day sell could be more profitable.
If you take a sell trade below 56.4, then use 56.4 as stoploss and 55.3 as target. However if you take a buy trade in stock , then use 56.4 as stoploss and 57.8 as target.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.77 |
| Downside Target | 49.60 |
| Downside Target | 51.63 |
| Downside Target | 56.08 |
| Downside Target | 56.80 |
| Downside Target | 57.19 |
| Upside Target | 57.97 |
| Upside Target | 58.99 |
| Upside Target | 59.07 |
| Upside Target | 59.81 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 56.04 |
| Downside Intraday Target | 54.78 |
| Upside Intraday Target | 58.26 |
| Upside Intraday Target | 59.22 |
| Downside Intraday Target | 57 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Fri May 2024 | 57.29 | 56.51 | 57.97 | 55.75 | 0.638 times |
| 03 Fri May 2024 | 55.90 | 53.59 | 57.19 | 53.59 | 1.331 times |
| 26 Fri Apr 2024 | 53.48 | 55.13 | 55.69 | 52.60 | 0.947 times |
| 19 Fri Apr 2024 | 55.21 | 55.80 | 56.80 | 54.31 | 0.997 times |
| 12 Fri Apr 2024 | 55.20 | 58.47 | 58.99 | 55.01 | 0.846 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Commercial Metals (CMC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 10 Fri May 2024 | 57.29 | 54.11 | 57.97 | 53.75 | 0.349 times |
| 30 Tue Apr 2024 | 53.74 | 58.74 | 59.07 | 52.60 | 0.725 times |
| 28 Thu Mar 2024 | 58.77 | 54.00 | 59.81 | 51.63 | 1.379 times |
| 29 Thu Feb 2024 | 54.00 | 52.42 | 56.08 | 49.60 | 0.597 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Commercial Metals (CMC)
Price action analysis of Commercial Metals ( (CMC) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Commercial Metals ( (CMC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Commercial Metals in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Commercial Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a buy signal for Commercial Metals in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Commercial Metals is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 55.69 and Commercial Metals (CMC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Commercial Metals (CMC) stock. Volume based technical analysis of Commercial Metals (CMC) stock is negative.
Commercial Metals Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Commercial Metals ( (CMC) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Commercial Metals ( (CMC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Commercial Metals in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Commercial Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a buy signal for Commercial Metals in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Commercial Metals is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 55.69 and Commercial Metals (CMC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Commercial Metals (CMC) stock. Volume based technical analysis of Commercial Metals (CMC) stock is negative.
Commercial Metals Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.