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(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 2024-11-20 View latest technical analysis

10 day averaged volume of Commercial Metals is 1032170

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Nov 2024	59.72	59.47	60.27	59.19	0.481 times
19 Tue Nov 2024	59.44	58.97	59.58	58.71	0.824 times
18 Mon Nov 2024	59.64	59.72	60.51	59.45	0.589 times
15 Fri Nov 2024	59.35	59.64	60.03	58.85	0.748 times
14 Thu Nov 2024	59.43	60.74	61.10	59.05	0.809 times
13 Wed Nov 2024	60.63	61.42	61.82	60.52	0.705 times
12 Tue Nov 2024	61.41	62.42	62.48	60.94	0.847 times
11 Mon Nov 2024	62.65	62.74	63.41	61.95	1.1 times
08 Fri Nov 2024	62.24	60.58	62.36	60.35	1.196 times
07 Thu Nov 2024	61.05	62.65	62.71	60.49	1.203 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 61.3 as stoploss in an intra day sell trade for a target of 57.66. However, stock will show a bullish move above 61.3.

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	58.71
Downside Target	58.85
Upside Target	60.51
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	58.78
Downside Intraday Target	57.85
Upside Intraday Target	60.58
Upside Intraday Target	61.45
Downside Intraday Target	59.65

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Nov 2024	59.72	59.72	60.51	58.71	0.45 times
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

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
20 Wed Nov 2024	59.72	54.02	63.41	53.55	0.65 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 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 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 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 gaining momentum.

MACD generated a SELL signal for Commercial Metals in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Commercial Metals in short term but BUY 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 60.79 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.