(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.
10 day averaged volume of Commercial Metals is 981860
Date | Daily Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 53.80 | 54.07 | 54.39 | 53.76 | 0.872 times |
15 Fri Mar 2024 | 53.93 | 52.80 | 54.16 | 52.80 | 2.462 times |
14 Thu Mar 2024 | 53.19 | 52.44 | 53.20 | 52.12 | 1.013 times |
13 Wed Mar 2024 | 52.73 | 52.91 | 53.49 | 52.38 | 0.66 times |
12 Tue Mar 2024 | 52.83 | 52.77 | 53.13 | 52.06 | 0.7 times |
11 Mon Mar 2024 | 52.48 | 53.72 | 53.72 | 51.63 | 1.037 times |
08 Fri Mar 2024 | 54.10 | 54.03 | 54.37 | 53.73 | 0.843 times |
07 Thu Mar 2024 | 53.65 | 53.10 | 54.03 | 53.09 | 0.719 times |
06 Wed Mar 2024 | 52.64 | 53.32 | 53.92 | 52.53 | 0.969 times |
05 Tue Mar 2024 | 53.07 | 52.76 | 54.38 | 52.76 | 0.79 times |
My analysis of stock is bullish for shortterm, and stock might move up till 54.4 or till 55.3. Use a stoploss of 53.68 and if this stock hits its stoploss, then it can fall down till 52.97
Share price targets for Commercial Metals (CMC)
Target Type | Value |
Downside Target | 42.07 |
Downside Target | 44.93 |
Downside Target | 46.55 |
Downside Target | 47.77 |
Downside Target | 49.60 |
Downside Target | 51.56 |
Upside Target | 54.16 |
Upside Target | 54.39 |
Upside Target | 54.45 |
Upside Target | 54.64 |
Upside Target | 55.14 |
Upside Target | 55.20 |
Upside Target | 56.08 |
Intraday share price targets for Commercial Metals (CMC)
Target Type | Value |
Downside Intraday Target | 53.58 |
Downside Intraday Target | 53.35 |
Upside Intraday Target | 54.21 |
Upside Intraday Target | 54.61 |
Upside Intraday Target | 53.98 |
Weekly technical analysis of Commercial Metals (CMC)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 53.80 | 54.07 | 54.39 | 53.76 | 0.148 times |
15 Fri Mar 2024 | 53.93 | 53.72 | 54.16 | 51.63 | 1.423 times |
08 Fri Mar 2024 | 54.10 | 54.06 | 54.45 | 52.53 | 1.337 times |
01 Fri Mar 2024 | 53.60 | 54.24 | 55.20 | 53.21 | 0.968 times |
23 Fri Feb 2024 | 54.69 | 54.12 | 55.14 | 52.71 | 0.759 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 |
18 Mon Mar 2024 | 53.80 | 54.00 | 54.64 | 51.63 | 0.726 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 |
29 Fri Dec 2023 | 50.04 | 45.47 | 51.56 | 44.93 | 0.987 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 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.
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 Weak and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 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 53.34 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.
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 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 to mid term time period is neutral. A longer time frame might give a better analysis.
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 Weak and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 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 53.34 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.