Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-05 View latest technical analysis

10 day averaged volume of Commercial Metals is 848360

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	55.23	53.79	55.39	53.55	0.915 times
04 Mon Nov 2024	53.96	54.14	55.08	53.76	0.753 times
01 Fri Nov 2024	54.43	54.02	54.75	53.66	1.139 times
31 Thu Oct 2024	53.80	54.24	55.09	53.76	1.055 times
30 Wed Oct 2024	54.39	54.46	55.66	54.34	0.976 times
29 Tue Oct 2024	54.78	54.07	54.81	53.56	1.11 times
28 Mon Oct 2024	54.31	52.43	54.54	52.32	0.856 times
25 Fri Oct 2024	51.97	52.09	53.12	51.86	0.714 times
24 Thu Oct 2024	51.86	51.57	52.55	51.50	1.091 times
23 Wed Oct 2024	51.26	53.13	53.75	51.14	1.244 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.2, but if it comes below 55.2, then a intra day sell could be more profitable.
If you take a sell trade below 55.2, then use 55.2 as stoploss and 53.85 as target. However if you take a buy trade in stock , then use 55.2 as stoploss and 56.7 as target.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	47.42
Downside Target	51.00
Downside Target	53.55
Upside Target	55.39
Upside Target	55.66
Upside Target	56.20
Upside Target	56.23
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	54.06
Downside Intraday Target	52.88
Upside Intraday Target	55.9
Upside Intraday Target	56.56
Downside Intraday Target	54.72

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	55.23	54.14	55.39	53.55	0.325 times
01 Fri Nov 2024	54.43	52.43	55.66	52.32	0.958 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

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
05 Tue Nov 2024	55.23	54.02	55.39	53.55	0.117 times
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

Scroll below to view daily charts

Price has moved up 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 BUY signal for Commercial Metals in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 53.56 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.