(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 2024-07-18 View latest technical analysis
10 day averaged volume of Commercial Metals is 749360
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Thu Jul 2024 | 58.09 | 57.92 | 59.11 | 57.56 | 0.883 times |
| 17 Wed Jul 2024 | 58.37 | 58.19 | 58.99 | 57.87 | 1.309 times |
| 16 Tue Jul 2024 | 58.33 | 56.39 | 58.88 | 56.35 | 1.535 times |
| 15 Mon Jul 2024 | 56.67 | 56.02 | 57.51 | 56.02 | 1.158 times |
| 12 Fri Jul 2024 | 55.50 | 55.51 | 56.22 | 55.34 | 0.827 times |
| 11 Thu Jul 2024 | 54.74 | 53.49 | 55.08 | 53.06 | 1.047 times |
| 10 Wed Jul 2024 | 52.59 | 52.00 | 52.63 | 51.96 | 0.842 times |
| 09 Tue Jul 2024 | 51.77 | 52.21 | 52.65 | 51.71 | 1.043 times |
| 08 Mon Jul 2024 | 52.42 | 52.86 | 53.32 | 52.29 | 0.75 times |
| 05 Fri Jul 2024 | 52.64 | 52.62 | 52.74 | 51.82 | 0.944 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.8, for a target of 56.4 or 54.43
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Downside Target | 51.63 |
| Downside Target | 55.23 |
| Downside Target | 56.02 |
| Downside Target | 56.22 |
| Downside Target | 56.78 |
| Upside Target | 59.07 |
| Upside Target | 59.11 |
| Upside Target | 59.13 |
| Upside Target | 59.81 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 56.37 |
| Downside Intraday Target | 54.65 |
| Upside Intraday Target | 59.46 |
| Upside Intraday Target | 60.83 |
| Downside Intraday Target | 57.74 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Thu Jul 2024 | 58.09 | 56.02 | 59.11 | 56.02 | 1.084 times |
| 12 Fri Jul 2024 | 55.50 | 52.86 | 56.22 | 51.71 | 3.026 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 |
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 |
| 18 Thu Jul 2024 | 58.09 | 55.01 | 59.11 | 51.71 | 0.504 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 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 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 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 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 losing 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 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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 55.46 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.
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 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 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 losing 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 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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 55.46 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.