(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 2024-09-12 View latest technical analysis
10 day averaged volume of Commercial Metals is 761240
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Thu Sep 2024 | 49.65 | 49.03 | 49.76 | 48.79 | 0.81 times |
| 11 Wed Sep 2024 | 48.67 | 48.44 | 48.80 | 47.42 | 1.219 times |
| 10 Tue Sep 2024 | 49.14 | 49.31 | 49.49 | 48.44 | 0.935 times |
| 09 Mon Sep 2024 | 49.31 | 50.16 | 50.45 | 49.31 | 0.879 times |
| 06 Fri Sep 2024 | 49.81 | 50.05 | 50.76 | 49.32 | 0.896 times |
| 05 Thu Sep 2024 | 50.04 | 50.99 | 51.17 | 49.98 | 0.859 times |
| 04 Wed Sep 2024 | 50.72 | 50.94 | 51.61 | 50.42 | 0.789 times |
| 03 Tue Sep 2024 | 50.94 | 52.87 | 52.87 | 50.54 | 1.346 times |
| 30 Fri Aug 2024 | 53.59 | 53.39 | 54.08 | 53.11 | 1.102 times |
| 30 Fri Aug 2024 | 53.59 | 53.39 | 54.08 | 53.11 | 1.102 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.1, but if it comes above 50.1, then a intra day buy could be more profitable.
If you take a sell trade below 50.1, then use 50.1 as stoploss and 47.7 as target. However if you take a buy trade in stock , then use 50.1 as stoploss and 52.13 as target.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.42 |
| Downside Target | 49.32 |
| Upside Target | 50.45 |
| Upside Target | 51.71 |
| Upside Target | 53.75 |
| Upside Target | 54.08 |
| Upside Target | 54.95 |
| Upside Target | 55.06 |
| 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 | 47.9 |
| Downside Intraday Target | 46.14 |
| Upside Intraday Target | 50.93 |
| Upside Intraday Target | 52.2 |
| Downside Intraday Target | 49.17 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Thu Sep 2024 | 49.65 | 50.16 | 50.45 | 47.42 | 0.988 times |
| 06 Fri Sep 2024 | 49.81 | 52.87 | 52.87 | 49.32 | 3.529 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 |
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 |
| 12 Thu Sep 2024 | 49.65 | 52.87 | 52.87 | 47.42 | 0.385 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 losing momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 BUY signal in short term and the buying is gaining 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 50.63 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 losing momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 BUY signal in short term and the buying is gaining 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 50.63 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.