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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 2024-10-22 View latest technical analysis

10 day averaged volume of Commercial Metals is 947000

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	53.47	54.87	54.87	53.45	0.952 times
21 Mon Oct 2024	55.10	56.20	56.20	54.95	1.117 times
18 Fri Oct 2024	56.11	56.38	56.87	55.89	1.127 times
17 Thu Oct 2024	56.41	52.00	57.14	51.41	2.088 times
16 Wed Oct 2024	53.67	53.60	54.19	53.43	1.138 times
15 Tue Oct 2024	53.08	53.31	54.39	53.06	0.728 times
14 Mon Oct 2024	54.01	53.25	54.05	53.00	0.732 times
11 Fri Oct 2024	53.52	53.05	53.64	53.05	0.715 times
10 Thu Oct 2024	52.98	52.06	53.23	52.06	0.804 times
09 Wed Oct 2024	52.59	51.60	52.79	51.00	0.942 times

My analysis of stock is bearish for shortterm, and stock might move down till 52.8 or till 51.5. Use a stoploss of 53.95 and if the stock hits stoploss, then it can shoot up till 55.06

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	47.42
Downside Target	49.46
Downside Target	51.00
Upside Target	55.29
Upside Target	56.20
Upside Target	56.23
Upside Target	56.78
Upside Target	57.14
Upside Target	60.78
Upside Target	61.26

Intraday share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Intraday Target	52.55
Downside Intraday Target	51.62
Upside Intraday Target	55.3
Upside Intraday Target	57.12
Upside Intraday Target	54.37

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	53.47	56.20	56.20	53.45	0.356 times
18 Fri Oct 2024	56.11	53.25	57.14	51.41	1.391 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

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
22 Tue Oct 2024	53.47	54.76	57.14	51.00	0.882 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Commercial Metals in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 54.45 and Commercial Metals (CMC) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.