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(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 2024-07-23 View latest technical analysis

10 day averaged volume of Commercial Metals is 793680

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	58.23	57.52	58.63	57.08	0.852 times
22 Mon Jul 2024	57.91	57.70	58.07	56.77	0.754 times
19 Fri Jul 2024	57.60	58.40	58.61	57.43	1.086 times
18 Thu Jul 2024	58.09	57.92	59.11	57.56	0.834 times
17 Wed Jul 2024	58.37	58.19	58.99	57.87	1.236 times
16 Tue Jul 2024	58.33	56.39	58.88	56.35	1.45 times
15 Mon Jul 2024	56.67	56.02	57.51	56.02	1.094 times
12 Fri Jul 2024	55.50	55.51	56.22	55.34	0.781 times
11 Thu Jul 2024	54.74	53.49	55.08	53.06	0.988 times
10 Wed Jul 2024	52.59	52.00	52.63	51.96	0.795 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.3, but if it comes below 57.3, then a intra day sell could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 54.98 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 60.1 as target.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	49.46
Downside Target	51.63
Downside Target	53.75
Downside Target	56.77
Downside Target	56.78
Upside Target	58.63
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	57.12
Downside Intraday Target	56.02
Upside Intraday Target	58.98
Upside Intraday Target	59.74
Downside Intraday Target	57.88

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	58.23	57.70	58.63	56.77	0.282 times
19 Fri Jul 2024	57.60	56.02	59.11	56.02	1.339 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

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
23 Tue Jul 2024	58.23	55.01	59.11	51.71	0.611 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

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 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 moving up

CCI has generated a buy signal for Commercial Metals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 56.96 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.