(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 2024-04-12 View latest technical analysis
10 day averaged volume of Commercial Metals is 813560
Date | Daily Closing Price | Open | High | Low | Volume |
12 Fri Apr 2024 | 55.20 | 56.46 | 56.75 | 55.01 | 0.792 times |
11 Thu Apr 2024 | 56.56 | 57.28 | 57.28 | 56.31 | 0.772 times |
10 Wed Apr 2024 | 57.22 | 57.16 | 57.81 | 56.30 | 0.867 times |
09 Tue Apr 2024 | 58.25 | 58.83 | 58.99 | 57.78 | 1.079 times |
08 Mon Apr 2024 | 57.82 | 58.47 | 58.48 | 57.56 | 0.819 times |
05 Fri Apr 2024 | 57.88 | 57.26 | 57.98 | 56.91 | 0.605 times |
04 Thu Apr 2024 | 57.42 | 58.56 | 58.56 | 56.94 | 1.285 times |
03 Wed Apr 2024 | 57.99 | 58.22 | 58.63 | 57.61 | 1.099 times |
02 Tue Apr 2024 | 58.34 | 58.46 | 58.94 | 57.92 | 1.095 times |
01 Mon Apr 2024 | 58.74 | 58.74 | 59.07 | 58.54 | 1.032 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.6, but if it comes above 55.6, then a intra day buy could be more profitable.
If you take a sell trade below 55.6, then use 55.6 as stoploss and 53.7 as target. However if you take a buy trade in stock , then use 55.6 as stoploss and 57.16 as target.
Share price targets for Commercial Metals (CMC)
Target Type | Value |
Downside Target | 44.93 |
Downside Target | 47.77 |
Downside Target | 49.60 |
Downside Target | 51.56 |
Downside Target | 53.49 |
Upside Target | 57.22 |
Upside Target | 58.99 |
Upside Target | 59.07 |
Upside Target | 59.16 |
Upside Target | 59.81 |
Intraday share price targets for Commercial Metals (CMC)
Target Type | Value |
Downside Intraday Target | 53.81 |
Downside Intraday Target | 52.42 |
Upside Intraday Target | 57.79 |
Upside Intraday Target | 60.38 |
Upside Intraday Target | 56.4 |
Weekly technical analysis of Commercial Metals (CMC)
Date | Weekly Closing Price | Open | High | Low | Volume |
12 Fri Apr 2024 | 55.20 | 58.47 | 58.99 | 55.01 | 0.846 times |
05 Fri Apr 2024 | 57.88 | 58.74 | 59.07 | 56.91 | 1.104 times |
28 Thu Mar 2024 | 58.77 | 58.13 | 59.16 | 57.22 | 0.494 times |
22 Fri Mar 2024 | 57.87 | 54.07 | 59.81 | 53.76 | 1.323 times |
15 Fri Mar 2024 | 53.93 | 53.72 | 54.16 | 51.63 | 1.423 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 |
12 Fri Apr 2024 | 55.20 | 58.74 | 59.07 | 55.01 | 0.345 times |
28 Thu Mar 2024 | 58.77 | 54.00 | 59.81 | 51.63 | 1.379 times |
29 Thu Feb 2024 | 54.00 | 52.42 | 56.08 | 49.60 | 0.597 times |
31 Wed Jan 2024 | 52.22 | 49.72 | 53.49 | 47.77 | 1.399 times |
Scroll below to view daily charts
Price has moved down 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 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 but buying is losing 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 57.62 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.
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 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 but buying is losing 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 57.62 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.