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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 2024-08-21 View latest technical analysis

10 day averaged volume of Commercial Metals is 514930

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.90	54.30	54.56	53.56	1.737 times
20 Tue Aug 2024	53.69	53.95	54.34	53.53	0.825 times
19 Mon Aug 2024	53.97	54.43	54.95	53.57	0.95 times
16 Fri Aug 2024	54.38	53.82	54.75	53.82	0.838 times
15 Thu Aug 2024	54.11	54.78	55.14	53.88	0.899 times
14 Wed Aug 2024	53.25	53.75	53.89	52.57	1.114 times
13 Tue Aug 2024	53.56	52.94	53.70	52.46	0.809 times
12 Mon Aug 2024	52.69	53.61	53.66	52.61	1.007 times
09 Fri Aug 2024	53.53	53.15	53.77	52.92	0.778 times
08 Thu Aug 2024	53.12	52.97	53.85	52.84	1.123 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 52.5 as stoploss in an intra day buy trade for a target of 55.31. However, stock will show a bearish move below 52.5.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	49.46
Downside Target	51.71
Upside Target	55.14
Upside Target	56.77
Upside Target	56.78
Upside Target	59.07
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	53.3
Downside Intraday Target	52.71
Upside Intraday Target	54.72
Upside Intraday Target	55.55
Upside Intraday Target	54.13

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.90	54.43	54.95	53.53	0.753 times
16 Fri Aug 2024	54.38	53.61	55.14	52.46	0.717 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

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
21 Wed Aug 2024	53.90	60.07	60.78	51.84	0.553 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 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 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 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 SELL signal for Commercial Metals in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Commercial Metals in short term and BUY 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 53.61 and Commercial Metals (CMC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.