(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 2024-07-26 View latest technical analysis
10 day averaged volume of Commercial Metals is 831910
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 60.35 | 59.33 | 60.85 | 59.28 | 1.096 times |
| 25 Thu Jul 2024 | 59.05 | 57.03 | 59.53 | 57.03 | 1.365 times |
| 24 Wed Jul 2024 | 56.86 | 58.07 | 58.61 | 56.82 | 0.922 times |
| 23 Tue Jul 2024 | 58.23 | 57.52 | 58.63 | 57.08 | 0.813 times |
| 22 Mon Jul 2024 | 57.91 | 57.70 | 58.07 | 56.77 | 0.719 times |
| 19 Fri Jul 2024 | 57.60 | 58.40 | 58.61 | 57.43 | 1.036 times |
| 18 Thu Jul 2024 | 58.09 | 57.92 | 59.11 | 57.56 | 0.795 times |
| 17 Wed Jul 2024 | 58.37 | 58.19 | 58.99 | 57.87 | 1.179 times |
| 16 Tue Jul 2024 | 58.33 | 56.39 | 58.88 | 56.35 | 1.383 times |
| 15 Mon Jul 2024 | 56.67 | 56.02 | 57.51 | 56.02 | 1.043 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 58.4, but if it comes below 58.4, then a intra day sell could be more profitable.
If you take a sell trade below 58.4, then use 58.4 as stoploss and 55.68 as target. However if you take a buy trade in stock , then use 58.4 as stoploss and 61.6 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 |
| Downside Target | 59.07 |
| Downside Target | 59.11 |
| Downside Target | 59.13 |
| Downside Target | 59.81 |
| Upside Target | 60.85 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 57.8 |
| Downside Intraday Target | 55.24 |
| Upside Intraday Target | 61.88 |
| Upside Intraday Target | 63.4 |
| Downside Intraday Target | 59.32 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 60.35 | 57.70 | 60.85 | 56.77 | 0.904 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 |
| 26 Fri Jul 2024 | 60.35 | 55.01 | 60.85 | 51.71 | 0.754 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 and the buying is gaining 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 58.22 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 and the buying is gaining 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 58.22 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.