(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 2024-08-02 View latest technical analysis
10 day averaged volume of Commercial Metals is 782110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 54.71 | 55.06 | 55.51 | 54.11 | 0.962 times |
| 01 Thu Aug 2024 | 57.63 | 60.07 | 60.78 | 56.75 | 1.262 times |
| 31 Wed Jul 2024 | 60.10 | 60.08 | 61.26 | 59.88 | 0.922 times |
| 30 Tue Jul 2024 | 59.59 | 60.01 | 60.48 | 59.47 | 0.718 times |
| 29 Mon Jul 2024 | 60.01 | 60.14 | 60.66 | 59.52 | 0.768 times |
| 26 Fri Jul 2024 | 60.35 | 59.33 | 60.85 | 59.28 | 1.166 times |
| 25 Thu Jul 2024 | 59.05 | 57.03 | 59.53 | 57.03 | 1.452 times |
| 24 Wed Jul 2024 | 56.86 | 58.07 | 58.61 | 56.82 | 0.981 times |
| 23 Tue Jul 2024 | 58.23 | 57.52 | 58.63 | 57.08 | 0.864 times |
| 22 Mon Jul 2024 | 57.91 | 57.70 | 58.07 | 56.77 | 0.765 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 54.5 as stoploss in an intra day buy trade for a target of 57.03. However, stock will show a bearish move below 54.5.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Downside Target | 51.71 |
| Downside Target | 53.75 |
| Upside Target | 56.02 |
| Upside 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 | 52.13 |
| Downside Intraday Target | 49.54 |
| Upside Intraday Target | 59.28 |
| Upside Intraday Target | 63.84 |
| Upside Intraday Target | 56.69 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 54.71 | 60.14 | 61.26 | 54.11 | 0.886 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 |
| 02 Fri Aug 2024 | 54.71 | 60.07 | 60.78 | 54.11 | 0.103 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 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 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 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 mid to longer 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.
ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.
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. Bears are getting stronger in this stock.
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 SELL signal in short term and selling is picking up 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 58.43 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 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 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 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 mid to longer 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.
ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.
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. Bears are getting stronger in this stock.
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 SELL signal in short term and selling is picking up 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 58.43 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.