(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 2024-09-05 View latest technical analysis
10 day averaged volume of Commercial Metals is 761870
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 50.04 | 50.99 | 51.17 | 49.98 | 0.858 times |
| 04 Wed Sep 2024 | 50.72 | 50.94 | 51.61 | 50.42 | 0.788 times |
| 03 Tue Sep 2024 | 50.94 | 52.87 | 52.87 | 50.54 | 1.344 times |
| 30 Fri Aug 2024 | 53.59 | 53.39 | 54.08 | 53.11 | 1.101 times |
| 30 Fri Aug 2024 | 53.59 | 53.39 | 54.08 | 53.11 | 1.101 times |
| 29 Thu Aug 2024 | 53.33 | 53.18 | 54.33 | 52.51 | 0.872 times |
| 28 Wed Aug 2024 | 52.85 | 53.53 | 53.73 | 52.35 | 1.224 times |
| 27 Tue Aug 2024 | 53.74 | 54.09 | 54.34 | 53.39 | 0.748 times |
| 26 Mon Aug 2024 | 54.19 | 54.74 | 55.06 | 54.12 | 0.655 times |
| 23 Fri Aug 2024 | 54.23 | 53.18 | 54.50 | 53.06 | 0.927 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 50.6, for a target of 52 or 53.16
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 49.46 |
| Upside Target | 51.71 |
| Upside Target | 53.75 |
| Upside Target | 54.08 |
| Upside Target | 54.95 |
| Upside Target | 55.06 |
| Upside Target | 55.14 |
| Upside Target | 56.78 |
| 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 | 49.06 |
| Downside Intraday Target | 48.07 |
| Upside Intraday Target | 51.95 |
| Upside Intraday Target | 53.85 |
| Upside Intraday Target | 50.96 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 50.04 | 52.87 | 52.87 | 49.98 | 2.716 times |
| 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Commercial Metals (CMC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 50.04 | 52.87 | 52.87 | 49.98 | 0.149 times |
| 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 |
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 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 short 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 52.66 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 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 short 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 52.66 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.