(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 2024-08-26 View latest technical analysis
10 day averaged volume of Commercial Metals is 586070
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 54.19 | 54.74 | 55.06 | 54.12 | 0.852 times |
| 23 Fri Aug 2024 | 54.23 | 53.18 | 54.50 | 53.06 | 1.206 times |
| 22 Thu Aug 2024 | 52.89 | 53.77 | 53.90 | 52.19 | 1.608 times |
| 21 Wed Aug 2024 | 53.90 | 54.30 | 54.56 | 53.56 | 1.526 times |
| 20 Tue Aug 2024 | 53.69 | 53.95 | 54.34 | 53.53 | 0.725 times |
| 19 Mon Aug 2024 | 53.97 | 54.43 | 54.95 | 53.57 | 0.835 times |
| 16 Fri Aug 2024 | 54.38 | 53.82 | 54.75 | 53.82 | 0.736 times |
| 15 Thu Aug 2024 | 54.11 | 54.78 | 55.14 | 53.88 | 0.789 times |
| 14 Wed Aug 2024 | 53.25 | 53.75 | 53.89 | 52.57 | 0.979 times |
| 13 Tue Aug 2024 | 53.56 | 52.94 | 53.70 | 52.46 | 0.711 times |
My analysis of stock is bearish for shortterm, and stock might move down till 52.3 or till 49.8. Use a stoploss of 54.4 and if the stock hits stoploss, then it can shoot up till 56.5
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Downside Target | 51.71 |
| Downside Target | 53.75 |
| Upside Target | 55.06 |
| Upside Target | 55.14 |
| Upside Target | 56.78 |
| Upside Target | 59.07 |
| Upside Target | 59.13 |
| Upside Target | 60.78 |
| Upside Target | 61.26 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 53.85 |
| Downside Intraday Target | 53.52 |
| Upside Intraday Target | 54.79 |
| Upside Intraday Target | 55.4 |
| Upside Intraday Target | 54.46 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 54.19 | 54.74 | 55.06 | 54.12 | 0.144 times |
| 23 Fri Aug 2024 | 54.23 | 54.43 | 54.95 | 52.19 | 1.439 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 |
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 |
| 26 Mon Aug 2024 | 54.19 | 60.07 | 60.78 | 51.84 | 0.681 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 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 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 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 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 BUY signal for Commercial Metals in short term but the buy signal is initial and weak.
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 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 buy signal for Commercial Metals in short term and BUY 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 53.76 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 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 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 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 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 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 BUY signal for Commercial Metals in short term but the buy signal is initial and weak.
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 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 buy signal for Commercial Metals in short term and BUY 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 53.76 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.