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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 2024-08-28 View latest technical analysis

10 day averaged volume of Commercial Metals is 599500

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	52.85	53.53	53.73	52.35	1.556 times
27 Tue Aug 2024	53.74	54.09	54.34	53.39	0.951 times
26 Mon Aug 2024	54.19	54.74	55.06	54.12	0.833 times
23 Fri Aug 2024	54.23	53.18	54.50	53.06	1.179 times
22 Thu Aug 2024	52.89	53.77	53.90	52.19	1.572 times
21 Wed Aug 2024	53.90	54.30	54.56	53.56	1.492 times
20 Tue Aug 2024	53.69	53.95	54.34	53.53	0.709 times
19 Mon Aug 2024	53.97	54.43	54.95	53.57	0.816 times
16 Fri Aug 2024	54.38	53.82	54.75	53.82	0.72 times
15 Thu Aug 2024	54.11	54.78	55.14	53.88	0.772 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 52.7 as stoploss in an intra day buy trade for a target of 53.75. However, stock will show a bearish move below 52.7.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	49.46
Downside Target	51.71
Upside 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	51.78
Downside Intraday Target	50.71
Upside Intraday Target	54.49
Upside Intraday Target	56.13
Upside Intraday Target	53.42

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	52.85	54.74	55.06	52.35	0.579 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
28 Wed Aug 2024	52.85	60.07	60.78	51.84	0.77 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Commercial Metals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.68 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.