(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 2024-10-31 View latest technical analysis
10 day averaged volume of Commercial Metals is 1008650
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Thu Oct 2024 | 53.80 | 54.24 | 55.09 | 53.76 | 0.887 times |
| 30 Wed Oct 2024 | 54.39 | 54.46 | 55.66 | 54.34 | 0.821 times |
| 29 Tue Oct 2024 | 54.78 | 54.07 | 54.81 | 53.56 | 0.934 times |
| 28 Mon Oct 2024 | 54.31 | 52.43 | 54.54 | 52.32 | 0.72 times |
| 25 Fri Oct 2024 | 51.97 | 52.09 | 53.12 | 51.86 | 0.601 times |
| 24 Thu Oct 2024 | 51.86 | 51.57 | 52.55 | 51.50 | 0.917 times |
| 23 Wed Oct 2024 | 51.26 | 53.13 | 53.75 | 51.14 | 1.047 times |
| 22 Tue Oct 2024 | 53.47 | 54.87 | 54.87 | 53.45 | 0.894 times |
| 21 Mon Oct 2024 | 55.10 | 56.20 | 56.20 | 54.95 | 1.049 times |
| 18 Fri Oct 2024 | 56.11 | 56.38 | 56.87 | 55.89 | 1.058 times |
My analysis of stock is bullish for shortterm, and stock might move up till 54.9 or till 56.5. Use a stoploss of 53.63 and if this stock hits its stoploss, then it can fall down till 52.34
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 | 52.19 |
| Downside Intraday Target | 50.59 |
| Upside Intraday Target | 55.53 |
| Upside Intraday Target | 57.27 |
| Upside Intraday Target | 53.93 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Thu Oct 2024 | 53.80 | 52.43 | 55.66 | 52.32 | 0.746 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 |
| 31 Thu Oct 2024 | 53.80 | 54.76 | 57.14 | 51.00 | 1.249 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 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 neutral. A longer time frame might give a better analysis.
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 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 but SELL 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
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 53.77 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 negative.
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 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 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 neutral. A longer time frame might give a better analysis.
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 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 but SELL 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
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 53.77 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.