(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 2024-08-30 View latest technical analysis
10 day averaged volume of Commercial Metals is 696350
Date | Daily Closing Price | Open | High | Low | Volume |
30 Fri Aug 2024 | 53.59 | 53.39 | 54.08 | 53.11 | 1.205 times |
30 Fri Aug 2024 | 53.59 | 53.39 | 54.08 | 53.11 | 1.205 times |
29 Thu Aug 2024 | 53.33 | 53.18 | 54.33 | 52.51 | 0.954 times |
28 Wed Aug 2024 | 52.85 | 53.53 | 53.73 | 52.35 | 1.34 times |
27 Tue Aug 2024 | 53.74 | 54.09 | 54.34 | 53.39 | 0.819 times |
26 Mon Aug 2024 | 54.19 | 54.74 | 55.06 | 54.12 | 0.717 times |
23 Fri Aug 2024 | 54.23 | 53.18 | 54.50 | 53.06 | 1.015 times |
22 Thu Aug 2024 | 52.89 | 53.77 | 53.90 | 52.19 | 1.353 times |
21 Wed Aug 2024 | 53.90 | 54.30 | 54.56 | 53.56 | 1.285 times |
20 Tue Aug 2024 | 53.69 | 53.95 | 54.34 | 53.53 | 0.61 times |
My analysis of stock is bullish for shortterm, and stock might move up till 54 or till 54.7. Use a stoploss of 53.51 and if this stock hits its stoploss, then it can fall down till 52.98
Share price targets for Commercial Metals (CMC)
Target Type | Value |
Downside Target | 49.46 |
Downside Target | 51.71 |
Upside Target | 54.28 |
Upside Target | 54.95 |
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 | 53.11 |
Downside Intraday Target | 52.62 |
Upside Intraday Target | 54.08 |
Upside Intraday Target | 54.56 |
Upside Intraday Target | 53.59 |
Weekly technical analysis of Commercial Metals (CMC)
Date | Weekly Closing Price | Open | High | Low | Volume |
30 Fri Aug 2024 | 53.59 | 53.39 | 54.08 | 53.11 | 0.239 times |
30 Fri Aug 2024 | 53.59 | 54.74 | 55.06 | 52.35 | 1.014 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 |
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 |
30 Fri Aug 2024 | 53.59 | 60.07 | 60.78 | 51.84 | 0.91 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 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 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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Commercial Metals in short term
RSI is generating a SELL signal in short term but selling 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 53.54 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 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 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 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 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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Commercial Metals in short term
RSI is generating a SELL signal in short term but selling 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 53.54 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 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.