(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 2024-12-10 View latest technical analysis
10 day averaged volume of Commercial Metals is 460748
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 61.75 | 62.26 | 62.79 | 61.26 | 1.739 times |
| 09 Mon Dec 2024 | 62.26 | 62.32 | 63.49 | 62.11 | 1.617 times |
| 05 Thu Dec 2024 | 61.75 | 62.05 | 62.60 | 61.69 | 0.052 times |
| 04 Wed Dec 2024 | 63.02 | 62.97 | 63.45 | 62.72 | 0.058 times |
| 03 Tue Dec 2024 | 63.21 | 63.66 | 64.14 | 63.14 | 0.046 times |
| 26 Tue Nov 2024 | 62.15 | 62.28 | 62.90 | 61.77 | 1.478 times |
| 26 Tue Nov 2024 | 62.15 | 62.28 | 62.90 | 61.77 | 1.478 times |
| 25 Mon Nov 2024 | 62.31 | 61.60 | 62.69 | 61.52 | 1.959 times |
| 22 Fri Nov 2024 | 61.22 | 60.42 | 61.75 | 60.39 | 1.249 times |
| 21 Thu Nov 2024 | 60.44 | 59.74 | 60.84 | 59.38 | 0.986 times |
My analysis of stock is bullish for shortterm, and stock might move up till 62.5 or till 64. Use a stoploss of 61.29 and if this stock hits its stoploss, then it can fall down till 60.06
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.42 |
| Downside Target | 51.00 |
| Downside Target | 53.55 |
| Downside Target | 56.23 |
| Downside Target | 58.71 |
| Downside Target | 60.78 |
| Upside Target | 61.77 |
| Upside Target | 62.90 |
| Upside Target | 63.41 |
| Upside Target | 63.49 |
| Upside Target | 64.14 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 60.84 |
| Downside Intraday Target | 59.94 |
| Upside Intraday Target | 63.07 |
| Upside Intraday Target | 64.4 |
| Upside Intraday Target | 62.17 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 61.75 | 62.32 | 63.49 | 61.26 | 21.494 times |
| 05 Thu Dec 2024 | 61.75 | 63.66 | 64.14 | 61.69 | 0.106 times |
| 26 Tue Nov 2024 | 62.15 | 62.28 | 62.90 | 61.77 | 0.43 times |
| 26 Tue Nov 2024 | 62.15 | 61.60 | 62.90 | 61.52 | 0.531 times |
| 22 Fri Nov 2024 | 61.22 | 59.72 | 61.75 | 58.71 | 0.687 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Commercial Metals (CMC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 61.75 | 63.66 | 64.14 | 61.26 | 0.098 times |
| 26 Tue Nov 2024 | 62.15 | 54.02 | 63.41 | 53.55 | 0.812 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 |
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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.
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 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 61.87 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.
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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.
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 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 61.87 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.