(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 2024-08-12 View latest technical analysis
10 day averaged volume of Commercial Metals is 697250
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Mon Aug 2024 | 52.69 | 53.61 | 53.66 | 52.61 | 0.743 times |
| 09 Fri Aug 2024 | 53.53 | 53.15 | 53.77 | 52.92 | 0.574 times |
| 08 Thu Aug 2024 | 53.12 | 52.97 | 53.85 | 52.84 | 0.829 times |
| 07 Wed Aug 2024 | 52.37 | 54.07 | 54.28 | 52.25 | 1.224 times |
| 06 Tue Aug 2024 | 53.29 | 52.86 | 54.23 | 52.42 | 0.908 times |
| 05 Mon Aug 2024 | 52.86 | 52.54 | 53.69 | 51.84 | 1.269 times |
| 02 Fri Aug 2024 | 54.71 | 55.06 | 55.51 | 54.11 | 1.079 times |
| 01 Thu Aug 2024 | 57.63 | 60.07 | 60.78 | 56.75 | 1.416 times |
| 31 Wed Jul 2024 | 60.10 | 60.08 | 61.26 | 59.88 | 1.034 times |
| 30 Tue Jul 2024 | 59.59 | 60.01 | 60.48 | 59.47 | 0.805 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, but if it comes above 54, then a intra day buy could be more profitable.
If you take a sell trade below 54, then use 54 as stoploss and 50.7 as target. However if you take a buy trade in stock , then use 54 as stoploss and 56.73 as target.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Downside Target | 51.71 |
| Upside Target | 53.66 |
| 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 | 52.31 |
| Downside Intraday Target | 51.94 |
| Upside Intraday Target | 53.36 |
| Upside Intraday Target | 54.04 |
| Upside Intraday Target | 52.99 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Mon Aug 2024 | 52.69 | 53.61 | 53.66 | 52.61 | 0.155 times |
| 09 Fri Aug 2024 | 53.53 | 52.54 | 54.28 | 51.84 | 0.925 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 |
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 |
| 12 Mon Aug 2024 | 52.69 | 60.07 | 60.78 | 51.84 | 0.333 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 but selling 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 55.08 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.
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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 but selling 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 55.08 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.