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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 2024-12-04 View latest technical analysis

10 day averaged volume of Commercial Metals is 604188

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	63.02	62.97	63.45	62.72	0.044 times
03 Tue Dec 2024	63.21	63.66	64.14	63.14	0.035 times
26 Tue Nov 2024	62.15	62.28	62.90	61.77	1.127 times
26 Tue Nov 2024	62.15	62.28	62.90	61.77	1.127 times
25 Mon Nov 2024	62.31	61.60	62.69	61.52	1.494 times
22 Fri Nov 2024	61.22	60.42	61.75	60.39	0.953 times
21 Thu Nov 2024	60.44	59.74	60.84	59.38	0.752 times
20 Wed Nov 2024	59.72	59.47	60.27	59.19	0.822 times
19 Tue Nov 2024	59.44	58.97	59.58	58.71	1.407 times
18 Mon Nov 2024	59.64	59.72	60.51	59.45	1.006 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 63, but if it comes below 63, then a intra day sell could be more profitable.
If you take a sell trade below 63, then use 63 as stoploss and 60.6 as target. However if you take a buy trade in stock , then use 63 as stoploss and 65.8 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	56.23
Downside Target	58.71
Downside Target	60.78
Downside Target	62.72
Downside Target	62.90
Upside Target	63.41
Upside Target	64.14

Intraday share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Intraday Target	62.45
Downside Intraday Target	61.87
Upside Intraday Target	63.87
Upside Intraday Target	64.71
Upside Intraday Target	63.29

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	63.02	63.66	64.14	62.72	0.071 times
26 Tue Nov 2024	62.15	62.28	62.90	61.77	0.43 times
26 Tue Nov 2024	62.15	61.60	62.90	61.52	0.531 times
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

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
04 Wed Dec 2024	63.02	63.66	64.14	62.72	0.003 times
26 Tue Nov 2024	62.15	54.02	63.41	53.55	0.812 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

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 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 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 60.99 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.