(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 2024-08-01 View latest technical analysis
10 day averaged volume of Commercial Metals is 749550
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 57.63 | 60.07 | 60.78 | 56.75 | 1.317 times |
| 31 Wed Jul 2024 | 60.10 | 60.08 | 61.26 | 59.88 | 0.962 times |
| 30 Tue Jul 2024 | 59.59 | 60.01 | 60.48 | 59.47 | 0.749 times |
| 29 Mon Jul 2024 | 60.01 | 60.14 | 60.66 | 59.52 | 0.801 times |
| 26 Fri Jul 2024 | 60.35 | 59.33 | 60.85 | 59.28 | 1.217 times |
| 25 Thu Jul 2024 | 59.05 | 57.03 | 59.53 | 57.03 | 1.515 times |
| 24 Wed Jul 2024 | 56.86 | 58.07 | 58.61 | 56.82 | 1.024 times |
| 23 Tue Jul 2024 | 58.23 | 57.52 | 58.63 | 57.08 | 0.902 times |
| 22 Mon Jul 2024 | 57.91 | 57.70 | 58.07 | 56.77 | 0.798 times |
| 19 Fri Jul 2024 | 57.60 | 58.40 | 58.61 | 57.43 | 1.149 times |
My analysis of stock is bullish for shortterm, and stock might move up till 59.6 or till 62.8. Use a stoploss of 56.92 and if this stock hits its stoploss, then it can fall down till 54.25
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Downside Target | 51.71 |
| Downside Target | 53.75 |
| Downside Target | 56.02 |
| Downside Target | 56.78 |
| Upside Target | 59.07 |
| Upside Target | 59.11 |
| Upside Target | 59.13 |
| Upside Target | 60.78 |
| Upside Target | 60.85 |
| Upside Target | 61.26 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 55.83 |
| Downside Intraday Target | 54.04 |
| Upside Intraday Target | 60.34 |
| Upside Intraday Target | 63.06 |
| Upside Intraday Target | 58.55 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 57.63 | 60.14 | 61.26 | 56.75 | 0.702 times |
| 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 |
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 |
| 01 Thu Aug 2024 | 57.63 | 60.07 | 60.78 | 56.75 | 0.059 times |
| 31 Wed Jul 2024 | 60.10 | 55.01 | 61.26 | 51.71 | 0.849 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 |
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 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 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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Commercial Metals in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 58.7 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 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 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 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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Commercial Metals in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 58.7 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.