(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 2024-09-19 View latest technical analysis
10 day averaged volume of Commercial Metals is 716590
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Thu Sep 2024 | 54.48 | 53.45 | 54.51 | 52.76 | 1.17 times |
| 18 Wed Sep 2024 | 51.89 | 51.71 | 53.17 | 51.37 | 0.846 times |
| 17 Tue Sep 2024 | 51.47 | 51.67 | 52.35 | 51.12 | 1.258 times |
| 16 Mon Sep 2024 | 51.43 | 51.81 | 52.26 | 51.09 | 0.946 times |
| 13 Fri Sep 2024 | 51.19 | 50.13 | 51.56 | 49.78 | 1.003 times |
| 12 Thu Sep 2024 | 49.65 | 49.03 | 49.76 | 48.79 | 0.861 times |
| 11 Wed Sep 2024 | 48.67 | 48.44 | 48.80 | 47.42 | 1.295 times |
| 10 Tue Sep 2024 | 49.14 | 49.31 | 49.49 | 48.44 | 0.993 times |
| 09 Mon Sep 2024 | 49.31 | 50.16 | 50.45 | 49.31 | 0.933 times |
| 06 Fri Sep 2024 | 49.81 | 50.05 | 50.76 | 49.32 | 0.952 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 53.6, but if it comes below 53.6, then a intra day sell could be more profitable.
If you take a sell trade below 53.6, then use 53.6 as stoploss and 51.71 as target. However if you take a buy trade in stock , then use 53.6 as stoploss and 55.8 as target.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.42 |
| Downside Target | 49.32 |
| Downside Target | 51.09 |
| Downside Target | 54.08 |
| Upside Target | 54.51 |
| 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 | 52.21 |
| Downside Intraday Target | 49.94 |
| Upside Intraday Target | 55.63 |
| Upside Intraday Target | 56.78 |
| Downside Intraday Target | 53.36 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Thu Sep 2024 | 54.48 | 51.81 | 54.51 | 51.09 | 0.83 times |
| 13 Fri Sep 2024 | 51.19 | 50.16 | 51.56 | 47.42 | 1.231 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 |
Price has moved up 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 |
| 19 Thu Sep 2024 | 54.48 | 52.87 | 54.51 | 47.42 | 0.63 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 up 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 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 short 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Commercial Metals in short term and BUY signal is strong.
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 50.73 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
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 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 short 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Commercial Metals in short term and BUY signal is strong.
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 50.73 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.