(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.
10 day averaged volume of Commercial Metals is 1032170
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Wed Nov 2024 | 59.72 | 59.47 | 60.27 | 59.19 | 0.481 times |
| 19 Tue Nov 2024 | 59.44 | 58.97 | 59.58 | 58.71 | 0.824 times |
| 18 Mon Nov 2024 | 59.64 | 59.72 | 60.51 | 59.45 | 0.589 times |
| 15 Fri Nov 2024 | 59.35 | 59.64 | 60.03 | 58.85 | 0.748 times |
| 14 Thu Nov 2024 | 59.43 | 60.74 | 61.10 | 59.05 | 0.809 times |
| 13 Wed Nov 2024 | 60.63 | 61.42 | 61.82 | 60.52 | 0.705 times |
| 12 Tue Nov 2024 | 61.41 | 62.42 | 62.48 | 60.94 | 0.847 times |
| 11 Mon Nov 2024 | 62.65 | 62.74 | 63.41 | 61.95 | 1.1 times |
| 08 Fri Nov 2024 | 62.24 | 60.58 | 62.36 | 60.35 | 1.196 times |
| 07 Thu Nov 2024 | 61.05 | 62.65 | 62.71 | 60.49 | 1.203 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 61.3 as stoploss in an intra day sell trade for a target of 57.66. However, stock will show a bullish move above 61.3.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.42 |
| Downside Target | 51.00 |
| Downside Target | 53.55 |
| Downside Target | 55.66 |
| Downside Target | 58.71 |
| Downside Target | 58.85 |
| Upside Target | 60.51 |
| Upside Target | 60.78 |
| Upside Target | 61.26 |
| Upside Target | 62.94 |
| Upside Target | 63.41 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 58.78 |
| Downside Intraday Target | 57.85 |
| Upside Intraday Target | 60.58 |
| Upside Intraday Target | 61.45 |
| Downside Intraday Target | 59.65 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Wed Nov 2024 | 59.72 | 59.72 | 60.51 | 58.71 | 0.45 times |
| 15 Fri Nov 2024 | 59.35 | 62.74 | 63.41 | 58.85 | 0.732 times |
| 08 Fri Nov 2024 | 62.24 | 54.14 | 62.94 | 53.55 | 1.362 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 |
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 |
| 20 Wed Nov 2024 | 59.72 | 54.02 | 63.41 | 53.55 | 0.65 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 60.79 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 60.79 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.