(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 2024-11-15 View latest technical analysis
10 day averaged volume of Commercial Metals is 1047230
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Fri Nov 2024 | 59.35 | 59.64 | 60.03 | 58.85 | 0.737 times |
| 14 Thu Nov 2024 | 59.43 | 60.74 | 61.10 | 59.05 | 0.797 times |
| 13 Wed Nov 2024 | 60.63 | 61.42 | 61.82 | 60.52 | 0.695 times |
| 12 Tue Nov 2024 | 61.41 | 62.42 | 62.48 | 60.94 | 0.835 times |
| 11 Mon Nov 2024 | 62.65 | 62.74 | 63.41 | 61.95 | 1.084 times |
| 08 Fri Nov 2024 | 62.24 | 60.58 | 62.36 | 60.35 | 1.179 times |
| 07 Thu Nov 2024 | 61.05 | 62.65 | 62.71 | 60.49 | 1.185 times |
| 06 Wed Nov 2024 | 62.81 | 58.97 | 62.94 | 58.16 | 1.951 times |
| 05 Tue Nov 2024 | 55.23 | 53.79 | 55.39 | 53.55 | 0.741 times |
| 04 Mon Nov 2024 | 53.96 | 54.14 | 55.08 | 53.76 | 0.61 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 60.6 as stoploss in an intra day sell trade for a target of 56.71. However, stock will show a bullish move above 60.6.
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 | 58.85 |
| Upside Target | 60.78 |
| Upside 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 | 57.66 |
| Downside Intraday Target | 55.98 |
| Upside Intraday Target | 62.22 |
| Upside Intraday Target | 65.1 |
| Upside Intraday Target | 60.54 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Fri Nov 2024 | 59.35 | 62.74 | 63.41 | 58.85 | 0.732 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 |
| 15 Fri Nov 2024 | 59.35 | 54.02 | 63.41 | 53.55 | 0.553 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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.
Commercial Metals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL 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 60.58 and Commercial Metals (CMC) stock is trading below this level. This means that stock is falling with high volumes. 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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.
Commercial Metals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL 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 60.58 and Commercial Metals (CMC) stock is trading below this level. This means that stock is falling with high volumes. 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.