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(CMC) Commercial Metals Weekly charts technical analysis

(CMC) Commercial Metals Weekly charts technical analysis Weekly analysis of Commercial Metals | Buy/Sell Commercial Metals

Commercial Metals trades in USA in Basic Industries sector.

10 day averaged volume of Commercial Metals is 707770

Date	Closing Price	Open	High	Low	Volume
02 Thu May 2024	56.46	53.59	56.49	53.59	3.568 Mn
26 Fri Apr 2024	53.48	55.13	55.69	52.60	3.325 Mn
19 Fri Apr 2024	55.21	55.80	56.80	54.31	3.51 Mn
12 Fri Apr 2024	55.20	58.47	58.99	55.01	3.522 Mn
05 Fri Apr 2024	57.88	58.74	59.07	56.91	4.162 Mn
28 Thu Mar 2024	58.77	58.13	59.16	57.22	3.771 Mn
22 Fri Mar 2024	57.87	54.07	59.81	53.76	7.63 Mn
15 Fri Mar 2024	53.93	53.72	54.16	51.63	5.766 Mn
08 Fri Mar 2024	54.10	54.06	54.45	52.53	4.053 Mn
01 Fri Mar 2024	53.60	54.24	55.20	53.21	3.031 Mn

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 Weak 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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 55.84 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.

Weekly charts