(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 2024-07-08 View latest technical analysis
10 day averaged volume of Commercial Metals is 834790
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Mon Jul 2024 | 52.42 | 52.86 | 53.32 | 52.29 | 0.673 times |
| 05 Fri Jul 2024 | 52.64 | 52.62 | 52.74 | 51.82 | 0.847 times |
| 03 Wed Jul 2024 | 52.99 | 53.33 | 54.00 | 52.89 | 0.49 times |
| 03 Wed Jul 2024 | 52.99 | 53.33 | 54.00 | 52.89 | 0.49 times |
| 02 Tue Jul 2024 | 52.96 | 53.55 | 53.88 | 52.36 | 0.87 times |
| 01 Mon Jul 2024 | 53.52 | 55.01 | 55.01 | 53.32 | 0.828 times |
| 28 Fri Jun 2024 | 54.99 | 54.19 | 55.23 | 54.05 | 2.099 times |
| 27 Thu Jun 2024 | 53.49 | 53.77 | 54.24 | 53.26 | 0.941 times |
| 26 Wed Jun 2024 | 53.79 | 53.11 | 53.84 | 52.87 | 1.131 times |
| 25 Tue Jun 2024 | 53.69 | 54.55 | 54.65 | 53.30 | 0.953 times |
My analysis of stock is bearish for shortterm, and stock might move down till 51.2 or till 49.6. Use a stoploss of 52.6 and if the stock hits stoploss, then it can shoot up till 53.98
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Downside Target | 51.63 |
| Upside Target | 54.00 |
| 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 | 52.03 |
| Downside Intraday Target | 51.65 |
| Upside Intraday Target | 53.06 |
| Upside Intraday Target | 53.71 |
| Upside Intraday Target | 52.68 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Mon Jul 2024 | 52.42 | 52.86 | 53.32 | 52.29 | 0.503 times |
| 05 Fri Jul 2024 | 52.64 | 53.33 | 54.00 | 51.82 | 0.611 times |
| 03 Wed Jul 2024 | 52.99 | 55.01 | 55.01 | 52.36 | 0.338 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 |
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 |
| 08 Mon Jul 2024 | 52.42 | 55.01 | 55.01 | 51.82 | 0.177 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Commercial Metals stock for short term is SELL. 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.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 53.63 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 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Commercial Metals stock for short term is SELL. 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.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 53.63 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.