(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 2024-08-29 View latest technical analysis
10 day averaged volume of Commercial Metals is 635420
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Thu Aug 2024 | 53.33 | 53.18 | 54.33 | 52.51 | 1.046 times |
| 28 Wed Aug 2024 | 52.85 | 53.53 | 53.73 | 52.35 | 1.468 times |
| 27 Tue Aug 2024 | 53.74 | 54.09 | 54.34 | 53.39 | 0.897 times |
| 26 Mon Aug 2024 | 54.19 | 54.74 | 55.06 | 54.12 | 0.786 times |
| 23 Fri Aug 2024 | 54.23 | 53.18 | 54.50 | 53.06 | 1.112 times |
| 22 Thu Aug 2024 | 52.89 | 53.77 | 53.90 | 52.19 | 1.483 times |
| 21 Wed Aug 2024 | 53.90 | 54.30 | 54.56 | 53.56 | 1.408 times |
| 20 Tue Aug 2024 | 53.69 | 53.95 | 54.34 | 53.53 | 0.669 times |
| 19 Mon Aug 2024 | 53.97 | 54.43 | 54.95 | 53.57 | 0.77 times |
| 16 Fri Aug 2024 | 54.38 | 53.82 | 54.75 | 53.82 | 0.679 times |
My analysis of stock is bearish for shortterm, and stock might move down till 52.9 or till 52.2. Use a stoploss of 53.53 and if the stock hits stoploss, then it can shoot up till 54.14
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 | 52.1 |
| Downside Intraday Target | 50.87 |
| Upside Intraday Target | 54.81 |
| Upside Intraday Target | 56.29 |
| Upside Intraday Target | 53.58 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Thu Aug 2024 | 53.33 | 54.74 | 55.06 | 52.35 | 0.771 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 |
| 29 Thu Aug 2024 | 53.33 | 60.07 | 60.78 | 51.84 | 0.81 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 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 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 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.
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 moving up
CCI has generated a buy signal for Commercial Metals in short term but BUY signal is weak.
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 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 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 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 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 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.
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 moving up
CCI has generated a buy signal for Commercial Metals in short term but BUY signal is weak.
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 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.