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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.

10 day averaged volume of Commercial Metals is 685920

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	54.45	54.07	54.55	53.27	1.239 times
22 Mon Apr 2024	55.10	55.13	55.69	54.59	0.72 times
19 Fri Apr 2024	55.21	55.15	55.90	54.55	0.874 times
18 Thu Apr 2024	55.28	56.11	56.25	54.96	1.05 times
17 Wed Apr 2024	55.87	56.19	56.80	55.73	1.487 times
16 Tue Apr 2024	55.23	55.07	55.47	54.31	0.74 times
15 Mon Apr 2024	55.76	55.80	56.22	55.05	0.966 times
12 Fri Apr 2024	55.20	56.46	56.75	55.01	0.939 times
11 Thu Apr 2024	56.56	57.28	57.28	56.31	0.916 times
10 Wed Apr 2024	57.22	57.16	57.81	56.30	1.028 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.4, but if it comes above 55.4, then a intra day buy could be more profitable.
If you take a sell trade below 55.4, then use 55.4 as stoploss and 53.8 as target. However if you take a buy trade in stock , then use 55.4 as stoploss and 56.83 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	53.27
Upside Target	56.91
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	53.25
Downside Intraday Target	52.05
Upside Intraday Target	55.67
Upside Intraday Target	56.89
Upside Intraday Target	54.47

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	54.45	55.13	55.69	53.27	0.383 times
19 Fri Apr 2024	55.21	55.80	56.80	54.31	0.997 times
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

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
23 Tue Apr 2024	54.45	58.74	59.07	53.27	0.563 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 55.6 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.