(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 2024-07-01 View latest technical analysis
10 day averaged volume of Commercial Metals is 1219540
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 53.52 | 55.01 | 55.01 | 53.32 | 0.567 times |
| 28 Fri Jun 2024 | 54.99 | 54.19 | 55.23 | 54.05 | 1.437 times |
| 27 Thu Jun 2024 | 53.49 | 53.77 | 54.24 | 53.26 | 0.644 times |
| 26 Wed Jun 2024 | 53.79 | 53.11 | 53.84 | 52.87 | 0.774 times |
| 25 Tue Jun 2024 | 53.69 | 54.55 | 54.65 | 53.30 | 0.652 times |
| 24 Mon Jun 2024 | 54.68 | 54.40 | 55.15 | 54.02 | 0.925 times |
| 21 Fri Jun 2024 | 54.42 | 52.54 | 54.50 | 52.07 | 2.063 times |
| 20 Thu Jun 2024 | 52.67 | 51.50 | 54.11 | 50.24 | 1.339 times |
| 18 Tue Jun 2024 | 50.74 | 51.07 | 51.31 | 50.35 | 0.702 times |
| 18 Tue Jun 2024 | 50.74 | 51.07 | 51.31 | 50.35 | 0.702 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 as stoploss in an intra day sell trade for a target of 52.61. However, stock will show a bullish move above 54.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Downside Target | 51.31 |
| Upside Target | 53.75 |
| Upside Target | 54.50 |
| Upside Target | 55.01 |
| Upside Target | 55.23 |
| Upside Target | 56.78 |
| Upside Target | 59.07 |
| Upside Target | 59.13 |
| Upside Target | 59.81 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 52.89 |
| Downside Intraday Target | 52.26 |
| Upside Intraday Target | 54.58 |
| Upside Intraday Target | 55.64 |
| Upside Intraday Target | 53.95 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 53.52 | 55.01 | 55.01 | 53.32 | 0.128 times |
| 28 Fri Jun 2024 | 54.99 | 54.40 | 55.23 | 52.87 | 1.08 times |
| 21 Fri Jun 2024 | 54.42 | 51.07 | 54.50 | 50.24 | 2.804 times |
| 18 Tue Jun 2024 | 50.74 | 50.14 | 51.31 | 49.46 | 0.443 times |
| 14 Fri Jun 2024 | 50.38 | 51.83 | 52.75 | 49.84 | 1.121 times |
Price has moved down 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 |
| 01 Mon Jul 2024 | 53.52 | 55.01 | 55.01 | 53.32 | 0.035 times |
| 28 Fri Jun 2024 | 54.99 | 56.47 | 56.78 | 49.46 | 1.38 times |
| 31 Fri May 2024 | 56.32 | 54.11 | 59.13 | 53.75 | 0.89 times |
| 30 Tue Apr 2024 | 53.74 | 58.74 | 59.07 | 52.60 | 0.725 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 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 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 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 BUY signal for Commercial Metals in short term but the buy signal is initial and weak.
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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 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 53.55 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 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 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 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 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 BUY signal for Commercial Metals in short term but the buy signal is initial and weak.
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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 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 53.55 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.