(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 2024-11-12 View latest technical analysis
10 day averaged volume of Commercial Metals is 1070020
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Tue Nov 2024 | 61.41 | 62.42 | 62.48 | 60.94 | 0.817 times |
| 11 Mon Nov 2024 | 62.65 | 62.74 | 63.41 | 61.95 | 1.061 times |
| 08 Fri Nov 2024 | 62.24 | 60.58 | 62.36 | 60.35 | 1.154 times |
| 07 Thu Nov 2024 | 61.05 | 62.65 | 62.71 | 60.49 | 1.16 times |
| 06 Wed Nov 2024 | 62.81 | 58.97 | 62.94 | 58.16 | 1.91 times |
| 05 Tue Nov 2024 | 55.23 | 53.79 | 55.39 | 53.55 | 0.725 times |
| 04 Mon Nov 2024 | 53.96 | 54.14 | 55.08 | 53.76 | 0.597 times |
| 01 Fri Nov 2024 | 54.43 | 54.02 | 54.75 | 53.66 | 0.903 times |
| 31 Thu Oct 2024 | 53.80 | 54.24 | 55.09 | 53.76 | 0.836 times |
| 30 Wed Oct 2024 | 54.39 | 54.46 | 55.66 | 54.34 | 0.774 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59.7, but if it comes below 59.7, then a intra day sell could be more profitable.
If you take a sell trade below 59.7, then use 59.7 as stoploss and 56.05 as target. However if you take a buy trade in stock , then use 59.7 as stoploss and 64.2 as target.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.42 |
| Downside Target | 51.00 |
| Downside Target | 53.55 |
| Downside Target | 55.66 |
| Downside Target | 57.14 |
| Downside Target | 60.78 |
| Downside Target | 60.94 |
| Downside Target | 61.26 |
| Upside Target | 62.94 |
| Upside Target | 63.41 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 60.43 |
| Downside Intraday Target | 59.45 |
| Upside Intraday Target | 62.9 |
| Upside Intraday Target | 64.39 |
| Upside Intraday Target | 61.92 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Tue Nov 2024 | 61.41 | 62.74 | 63.41 | 60.94 | 0.339 times |
| 08 Fri Nov 2024 | 62.24 | 54.14 | 62.94 | 53.55 | 1.362 times |
| 01 Fri Nov 2024 | 54.43 | 52.43 | 55.66 | 52.32 | 0.958 times |
| 25 Fri Oct 2024 | 51.97 | 56.20 | 56.20 | 51.14 | 0.826 times |
| 18 Fri Oct 2024 | 56.11 | 53.25 | 57.14 | 51.41 | 1.391 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 Tue Nov 2024 | 61.41 | 54.02 | 63.41 | 53.55 | 0.439 times |
| 31 Thu Oct 2024 | 53.80 | 54.76 | 57.14 | 51.00 | 1.249 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 |
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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Strong and stock is losing 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 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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 59.15 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Strong and stock is losing 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 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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 59.15 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.