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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 2024-08-14 View latest technical analysis

10 day averaged volume of Commercial Metals is 674550

Date Daily Closing Price Open High Low Volume
14 Wed Aug 2024 53.25 53.75 53.89 52.57 0.85 times
13 Tue Aug 2024 53.56 52.94 53.70 52.46 0.618 times
12 Mon Aug 2024 52.69 53.61 53.66 52.61 0.769 times
09 Fri Aug 2024 53.53 53.15 53.77 52.92 0.594 times
08 Thu Aug 2024 53.12 52.97 53.85 52.84 0.857 times
07 Wed Aug 2024 52.37 54.07 54.28 52.25 1.265 times
06 Tue Aug 2024 53.29 52.86 54.23 52.42 0.938 times
05 Mon Aug 2024 52.86 52.54 53.69 51.84 1.312 times
02 Fri Aug 2024 54.71 55.06 55.51 54.11 1.115 times
01 Thu Aug 2024 57.63 60.07 60.78 56.75 1.464 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 53.4, but if it comes above 53.4, then a intra day buy could be more profitable.
If you take a sell trade below 53.4, then use 53.4 as stoploss and 50 as target. However if you take a buy trade in stock , then use 53.4 as stoploss and 56.24 as target.

Share price targets for Commercial Metals (CMC)

Target Type Value
Downside Target 49.46
Downside Target 51.71
Upside 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 52.51
Downside Intraday Target 51.77
Upside Intraday Target 53.94
Upside Intraday Target 54.63
Downside Intraday Target 53.2

Weekly technical analysis of Commercial Metals (CMC)

Date Weekly Closing Price Open High Low Volume
14 Wed Aug 2024 53.25 53.61 53.89 52.46 0.45 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
14 Wed Aug 2024 53.25 60.07 60.78 51.84 0.392 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Strong and stock is losing 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 getting stronger in this stock.

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 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 53.89 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Commercial Metals stock for short term is SELL. Signal strength is Strong and stock is losing 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 getting stronger in this stock.

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 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 53.89 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.

Daily charts

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Daily chart
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