(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.
Showing technical analysis as on 2024-04-29 View latest technical analysis
10 day averaged volume of Commercial Metals is 683530
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Mon Apr 2024 | 54.87 | 53.59 | 55.11 | 53.59 | 0.95 times |
| 26 Fri Apr 2024 | 53.48 | 53.91 | 54.37 | 53.44 | 0.777 times |
| 25 Thu Apr 2024 | 53.71 | 53.16 | 53.81 | 52.60 | 1.116 times |
| 24 Wed Apr 2024 | 53.70 | 54.64 | 55.00 | 53.43 | 1.006 times |
| 23 Tue Apr 2024 | 54.45 | 54.07 | 54.55 | 53.27 | 1.243 times |
| 22 Mon Apr 2024 | 55.10 | 55.13 | 55.69 | 54.59 | 0.723 times |
| 19 Fri Apr 2024 | 55.21 | 55.15 | 55.90 | 54.55 | 0.878 times |
| 18 Thu Apr 2024 | 55.28 | 56.11 | 56.25 | 54.96 | 1.054 times |
| 17 Wed Apr 2024 | 55.87 | 56.19 | 56.80 | 55.73 | 1.492 times |
| 16 Tue Apr 2024 | 55.23 | 55.07 | 55.47 | 54.31 | 0.742 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 54.4 as stoploss in an intra day buy trade for a target of 55.97. However, stock will show a bearish move below 54.4.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 44.93 |
| Downside Target | 47.77 |
| Downside Target | 49.60 |
| Downside Target | 51.56 |
| Upside Target | 55.69 |
| Upside Target | 56.08 |
| Upside Target | 56.80 |
| Upside Target | 56.91 |
| 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 | 53.94 |
| Downside Intraday Target | 53 |
| Upside Intraday Target | 55.46 |
| Upside Intraday Target | 56.04 |
| Downside Intraday Target | 54.52 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Mon Apr 2024 | 54.87 | 53.59 | 55.11 | 53.59 | 0.195 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 |
| 05 Fri Apr 2024 | 57.88 | 58.74 | 59.07 | 56.91 | 1.104 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 |
| 29 Mon Apr 2024 | 54.87 | 58.74 | 59.07 | 52.60 | 0.681 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 |
| 31 Wed Jan 2024 | 52.22 | 49.72 | 53.49 | 47.77 | 1.399 times |
Scroll below to view daily charts
Price has moved down 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Commercial Metals ( (CMC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a mid to longer 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.
ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Commercial Metals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Commercial Metals in short term but BUY signal is weak.
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 54.73 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 falling down
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 has given negative returns over a short term period. Returns for a longer term period have been positive
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 neutral. A longer time frame might give a better analysis.
Price action analysis of Commercial Metals ( (CMC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Commercial Metals ( (CMC) ) based on a mid to longer 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.
ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Commercial Metals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Commercial Metals in short term but BUY signal is weak.
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 54.73 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 falling down
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 has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.