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(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 2024-10-15 View latest technical analysis

10 day averaged volume of Commercial Metals is 757040

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	53.08	53.31	54.39	53.06	0.91 times
14 Mon Oct 2024	54.01	53.25	54.05	53.00	0.915 times
11 Fri Oct 2024	53.52	53.05	53.64	53.05	0.895 times
10 Thu Oct 2024	52.98	52.06	53.23	52.06	1.006 times
09 Wed Oct 2024	52.59	51.60	52.79	51.00	1.179 times
08 Tue Oct 2024	52.60	52.79	52.99	51.78	0.762 times
07 Mon Oct 2024	53.27	52.92	53.46	52.59	1.387 times
04 Fri Oct 2024	53.35	53.63	54.15	53.22	0.878 times
03 Thu Oct 2024	52.65	52.80	53.27	52.39	0.846 times
02 Wed Oct 2024	53.19	54.43	54.73	53.06	1.295 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 52.7 as stoploss in an intra day buy trade for a target of 53.6. However, stock will show a bearish move below 52.7.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	47.42
Downside Target	49.46
Downside Target	51.00
Upside Target	54.51
Upside Target	55.13
Upside Target	55.29
Upside Target	56.23
Upside Target	56.78
Upside Target	60.78
Upside Target	61.26

Intraday share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Intraday Target	52.59
Downside Intraday Target	52.1
Upside Intraday Target	53.98
Upside Intraday Target	54.88
Upside Intraday Target	53.49

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	53.08	53.25	54.39	53.00	0.349 times
11 Fri Oct 2024	53.52	52.92	53.64	51.00	1.068 times
04 Fri Oct 2024	53.35	54.81	55.29	52.39	0.999 times
27 Fri Sep 2024	55.00	53.48	56.23	53.16	0.719 times
20 Fri Sep 2024	53.27	51.81	54.51	51.09	1.416 times

Price has moved down 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
15 Tue Oct 2024	53.08	54.76	55.13	51.00	0.508 times
30 Mon Sep 2024	54.96	52.87	56.23	47.42	1.063 times
30 Fri Aug 2024	53.59	60.07	60.78	51.84	0.91 times
31 Wed Jul 2024	60.10	55.01	61.26	51.71	0.849 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 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 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Commercial Metals in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 53.13 and Commercial Metals (CMC) stock is trading below this level. This means that stock is falling with high volumes. 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.