(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 2024-07-24 View latest technical analysis
10 day averaged volume of Commercial Metals is 783140
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Jul 2024 | 56.86 | 58.07 | 58.61 | 56.82 | 0.98 times |
| 23 Tue Jul 2024 | 58.23 | 57.52 | 58.63 | 57.08 | 0.863 times |
| 22 Mon Jul 2024 | 57.91 | 57.70 | 58.07 | 56.77 | 0.764 times |
| 19 Fri Jul 2024 | 57.60 | 58.40 | 58.61 | 57.43 | 1.1 times |
| 18 Thu Jul 2024 | 58.09 | 57.92 | 59.11 | 57.56 | 0.845 times |
| 17 Wed Jul 2024 | 58.37 | 58.19 | 58.99 | 57.87 | 1.252 times |
| 16 Tue Jul 2024 | 58.33 | 56.39 | 58.88 | 56.35 | 1.469 times |
| 15 Mon Jul 2024 | 56.67 | 56.02 | 57.51 | 56.02 | 1.108 times |
| 12 Fri Jul 2024 | 55.50 | 55.51 | 56.22 | 55.34 | 0.791 times |
| 11 Thu Jul 2024 | 54.74 | 53.49 | 55.08 | 53.06 | 1.001 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 57.5 as stoploss in an intra day sell trade for a target of 55.13. However, stock will show a bullish move above 57.5.
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 | 56.21 |
| Downside Intraday Target | 55.56 |
| Upside Intraday Target | 58.07 |
| Upside Intraday Target | 59.28 |
| Upside Intraday Target | 57.42 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Jul 2024 | 56.86 | 57.70 | 58.63 | 56.77 | 0.451 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 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 |
| 24 Wed Jul 2024 | 56.86 | 55.01 | 59.11 | 51.71 | 0.65 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 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 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 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 losing momentum.
MACD generated a BUY signal for Commercial Metals in short term and the buy signal is strong.
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 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 but buying is losing 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 57.3 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 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 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 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 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 losing momentum.
MACD generated a BUY signal for Commercial Metals in short term and the buy signal is strong.
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 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 but buying is losing 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 57.3 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.