(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 682200
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 53.74 | 54.44 | 54.67 | 53.65 | 1.418 times |
| 29 Mon Apr 2024 | 54.87 | 53.59 | 55.11 | 53.59 | 0.952 times |
| 26 Fri Apr 2024 | 53.48 | 53.91 | 54.37 | 53.44 | 0.778 times |
| 25 Thu Apr 2024 | 53.71 | 53.16 | 53.81 | 52.60 | 1.119 times |
| 24 Wed Apr 2024 | 53.70 | 54.64 | 55.00 | 53.43 | 1.008 times |
| 23 Tue Apr 2024 | 54.45 | 54.07 | 54.55 | 53.27 | 1.246 times |
| 22 Mon Apr 2024 | 55.10 | 55.13 | 55.69 | 54.59 | 0.724 times |
| 19 Fri Apr 2024 | 55.21 | 55.15 | 55.90 | 54.55 | 0.879 times |
| 18 Thu Apr 2024 | 55.28 | 56.11 | 56.25 | 54.96 | 1.056 times |
| 17 Wed Apr 2024 | 55.87 | 56.19 | 56.80 | 55.73 | 1.495 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.2, but if it comes above 54.2, then a intra day buy could be more profitable.
If you take a sell trade below 54.2, then use 54.2 as stoploss and 52.4 as target. However if you take a buy trade in stock , then use 54.2 as stoploss and 55.74 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 |
| Upside Target | 55.69 |
| Upside Target | 56.08 |
| Upside Target | 56.80 |
| Upside Target | 56.91 |
| Upside Target | 58.99 |
| Upside Target | 59.07 |
| Upside Target | 59.81 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 53.18 |
| Downside Intraday Target | 52.63 |
| Upside Intraday Target | 54.7 |
| Upside Intraday Target | 55.67 |
| Upside Intraday Target | 54.15 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 53.74 | 53.59 | 55.11 | 53.59 | 0.486 times |
| 26 Fri Apr 2024 | 53.48 | 55.13 | 55.69 | 52.60 | 0.947 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 |
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 |
| 30 Tue Apr 2024 | 53.74 | 58.74 | 59.07 | 52.60 | 0.725 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 neutral. A longer time frame might give a better analysis.
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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.
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 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 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 54.56 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 negative.
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 neutral. A longer time frame might give a better analysis.
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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.
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 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 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 54.56 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.