(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 2024-10-24 View latest technical analysis
10 day averaged volume of Commercial Metals is 995820
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Thu Oct 2024 | 51.86 | 51.57 | 52.55 | 51.50 | 0.929 times |
| 23 Wed Oct 2024 | 51.26 | 53.13 | 53.75 | 51.14 | 1.06 times |
| 22 Tue Oct 2024 | 53.47 | 54.87 | 54.87 | 53.45 | 0.905 times |
| 21 Mon Oct 2024 | 55.10 | 56.20 | 56.20 | 54.95 | 1.062 times |
| 18 Fri Oct 2024 | 56.11 | 56.38 | 56.87 | 55.89 | 1.071 times |
| 17 Thu Oct 2024 | 56.41 | 52.00 | 57.14 | 51.41 | 1.986 times |
| 16 Wed Oct 2024 | 53.67 | 53.60 | 54.19 | 53.43 | 1.082 times |
| 15 Tue Oct 2024 | 53.08 | 53.31 | 54.39 | 53.06 | 0.692 times |
| 14 Mon Oct 2024 | 54.01 | 53.25 | 54.05 | 53.00 | 0.696 times |
| 11 Fri Oct 2024 | 53.52 | 53.05 | 53.64 | 53.05 | 0.68 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.4, but if it comes above 52.4, then a intra day buy could be more profitable.
If you take a sell trade below 52.4, then use 52.4 as stoploss and 50.8 as target. However if you take a buy trade in stock , then use 52.4 as stoploss and 53.68 as target.
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 | 49.93 |
| Downside Intraday Target | 48.01 |
| Upside Intraday Target | 54.99 |
| Upside Intraday Target | 58.13 |
| Upside Intraday Target | 53.07 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Thu Oct 2024 | 51.86 | 56.20 | 56.20 | 51.14 | 0.716 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 |
| 24 Thu Oct 2024 | 51.86 | 54.76 | 57.14 | 51.00 | 1.004 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Commercial Metals ( (CMC) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Commercial Metals ( (CMC) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 moving up
CCI has generated a SELL signal for Commercial Metals in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 54.15 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.
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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Commercial Metals ( (CMC) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Commercial Metals ( (CMC) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 moving up
CCI has generated a SELL signal for Commercial Metals in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 54.15 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.