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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 2024-10-28 View latest technical analysis

10 day averaged volume of Commercial Metals is 1005040

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	54.31	52.43	54.54	52.32	0.722 times
25 Fri Oct 2024	51.97	52.09	53.12	51.86	0.603 times
24 Thu Oct 2024	51.86	51.57	52.55	51.50	0.921 times
23 Wed Oct 2024	51.26	53.13	53.75	51.14	1.05 times
22 Tue Oct 2024	53.47	54.87	54.87	53.45	0.897 times
21 Mon Oct 2024	55.10	56.20	56.20	54.95	1.053 times
18 Fri Oct 2024	56.11	56.38	56.87	55.89	1.062 times
17 Thu Oct 2024	56.41	52.00	57.14	51.41	1.968 times
16 Wed Oct 2024	53.67	53.60	54.19	53.43	1.072 times
15 Tue Oct 2024	53.08	53.31	54.39	53.06	0.686 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 54.8 as stoploss in an intra day sell trade for a target of 53.5. However, stock will show a bullish move above 54.8.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	47.42
Downside Target	49.46
Downside Target	51.00
Downside Target	53.64
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	52.91
Downside Intraday Target	51.5
Upside Intraday Target	55.13
Upside Intraday Target	55.94
Downside Intraday Target	53.72

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	54.31	52.43	54.54	52.32	0.16 times
25 Fri Oct 2024	51.97	56.20	56.20	51.14	0.826 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

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
28 Mon Oct 2024	54.31	54.76	57.14	51.00	1.086 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 mid to longer 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.

ADX buy sell signal for Commercial Metals stock for short term is BUY. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY zone

Stock of Commercial Metals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.08 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 positive

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