Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-26 View latest technical analysis

10 day averaged volume of Commercial Metals is 867300

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	54.88	54.93	55.58	54.07	0.985 times
25 Wed Sep 2024	53.55	54.82	55.00	53.32	0.749 times
24 Tue Sep 2024	54.52	54.62	55.38	54.38	0.987 times
23 Mon Sep 2024	53.66	53.48	53.83	53.16	0.775 times
20 Fri Sep 2024	53.27	53.98	54.24	52.92	2.462 times
19 Thu Sep 2024	54.48	53.45	54.51	52.76	0.967 times
18 Wed Sep 2024	51.89	51.71	53.17	51.37	0.699 times
17 Tue Sep 2024	51.47	51.67	52.35	51.12	1.039 times
16 Mon Sep 2024	51.43	51.81	52.26	51.09	0.781 times
13 Fri Sep 2024	51.19	50.13	51.56	49.78	0.829 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 53.7, but if it comes below 53.7, then a intra day sell could be more profitable.
If you take a sell trade below 53.7, then use 53.7 as stoploss and 51.79 as target. However if you take a buy trade in stock , then use 53.7 as stoploss and 56.1 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
Downside Target	54.51
Upside Target	55.58
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	53.5
Downside Intraday Target	52.12
Upside Intraday Target	55.92
Upside Intraday Target	56.96
Downside Intraday Target	54.54

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	54.88	53.48	55.58	53.16	0.588 times
20 Fri Sep 2024	53.27	51.81	54.51	51.09	1.416 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

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
26 Thu Sep 2024	54.88	52.87	55.58	47.42	0.967 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Commercial Metals in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 53.12 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.