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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 2024-11-22 View latest technical analysis

10 day averaged volume of Commercial Metals is 798770

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	61.22	60.42	61.75	60.39	0.72 times
21 Thu Nov 2024	60.44	59.74	60.84	59.38	0.569 times
20 Wed Nov 2024	59.72	59.47	60.27	59.19	0.622 times
19 Tue Nov 2024	59.44	58.97	59.58	58.71	1.065 times
18 Mon Nov 2024	59.64	59.72	60.51	59.45	0.761 times
15 Fri Nov 2024	59.35	59.64	60.03	58.85	0.966 times
14 Thu Nov 2024	59.43	60.74	61.10	59.05	1.045 times
13 Wed Nov 2024	60.63	61.42	61.82	60.52	0.911 times
12 Tue Nov 2024	61.41	62.42	62.48	60.94	1.095 times
11 Mon Nov 2024	62.65	62.74	63.41	61.95	1.422 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 61.7 as stoploss in an intra day sell trade for a target of 58.55. However, stock will show a bullish move above 61.7.

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
Downside Target	60.78
Upside Target	61.26
Upside Target	61.75
Upside Target	62.94
Upside Target	63.41

Intraday share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Intraday Target	59.37
Downside Intraday Target	57.52
Upside Intraday Target	62.41
Upside Intraday Target	63.6
Downside Intraday Target	60.56

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	61.22	59.72	61.75	58.71	0.687 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
22 Fri Nov 2024	61.22	54.02	63.41	53.55	0.7 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Commercial Metals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 60.52 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 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.