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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 2024-08-05 View latest technical analysis

10 day averaged volume of Commercial Metals is 771160

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	52.86	52.54	53.69	51.84	1.147 times
02 Fri Aug 2024	54.71	55.06	55.51	54.11	0.975 times
01 Thu Aug 2024	57.63	60.07	60.78	56.75	1.28 times
31 Wed Jul 2024	60.10	60.08	61.26	59.88	0.935 times
30 Tue Jul 2024	59.59	60.01	60.48	59.47	0.728 times
29 Mon Jul 2024	60.01	60.14	60.66	59.52	0.779 times
26 Fri Jul 2024	60.35	59.33	60.85	59.28	1.183 times
25 Thu Jul 2024	59.05	57.03	59.53	57.03	1.472 times
24 Wed Jul 2024	56.86	58.07	58.61	56.82	0.995 times
23 Tue Jul 2024	58.23	57.52	58.63	57.08	0.877 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.5, but if it comes above 54.5, then a intra day buy could be more profitable.
If you take a sell trade below 54.5, then use 54.5 as stoploss and 51.5 as target. However if you take a buy trade in stock , then use 54.5 as stoploss and 57.05 as target.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	49.46
Downside Target	51.71
Upside Target	53.69
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	51.9
Downside Intraday Target	50.95
Upside Intraday Target	53.75
Upside Intraday Target	54.65
Downside Intraday Target	52.8

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	52.86	52.54	53.69	51.84	0.244 times
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

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
05 Mon Aug 2024	52.86	60.07	60.78	51.84	0.156 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 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 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 to mid 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 mid to longer 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

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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 57.86 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.