(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 2024-10-08 View latest technical analysis
10 day averaged volume of Commercial Metals is 779460
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Tue Oct 2024 | 52.60 | 52.79 | 52.99 | 51.78 | 0.74 times |
| 07 Mon Oct 2024 | 53.27 | 52.92 | 53.46 | 52.59 | 1.347 times |
| 04 Fri Oct 2024 | 53.35 | 53.63 | 54.15 | 53.22 | 0.853 times |
| 03 Thu Oct 2024 | 52.65 | 52.80 | 53.27 | 52.39 | 0.822 times |
| 02 Wed Oct 2024 | 53.19 | 54.43 | 54.73 | 53.06 | 1.258 times |
| 01 Tue Oct 2024 | 54.56 | 54.76 | 55.13 | 54.27 | 0.813 times |
| 30 Mon Sep 2024 | 54.96 | 54.81 | 55.29 | 54.56 | 1.009 times |
| 27 Fri Sep 2024 | 55.00 | 55.32 | 56.23 | 54.76 | 0.87 times |
| 26 Thu Sep 2024 | 54.88 | 54.93 | 55.58 | 54.07 | 1.096 times |
| 25 Wed Sep 2024 | 53.55 | 54.82 | 55.00 | 53.32 | 0.834 times |
My analysis of stock is bearish for shortterm, and stock might move down till 51.2 or till 49.1. Use a stoploss of 52.91 and if the stock hits stoploss, then it can shoot up till 54.62
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.42 |
| Downside Target | 49.46 |
| Downside Target | 51.09 |
| Upside Target | 54.51 |
| Upside Target | 55.13 |
| Upside Target | 55.29 |
| Upside Target | 56.23 |
| Upside Target | 56.78 |
| Upside Target | 60.78 |
| Upside Target | 61.26 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 51.77 |
| Downside Intraday Target | 50.93 |
| Upside Intraday Target | 53.45 |
| Upside Intraday Target | 54.29 |
| Upside Intraday Target | 52.61 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Tue Oct 2024 | 52.60 | 52.92 | 53.46 | 51.78 | 0.439 times |
| 04 Fri Oct 2024 | 53.35 | 54.81 | 55.29 | 52.39 | 0.999 times |
| 27 Fri Sep 2024 | 55.00 | 53.48 | 56.23 | 53.16 | 0.719 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 |
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 |
| 08 Tue Oct 2024 | 52.60 | 54.76 | 55.13 | 51.78 | 0.28 times |
| 30 Mon Sep 2024 | 54.96 | 52.87 | 56.23 | 47.42 | 1.063 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 |
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.
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 green color and prices are above the green 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 BUY signal in short term but buying 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 53.81 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.
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 green color and prices are above the green 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 BUY signal in short term but buying 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 53.81 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.