(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 2024-04-09 View latest technical analysis
10 day averaged volume of Commercial Metals is 859920
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Apr 2024 | 58.25 | 58.83 | 58.99 | 57.78 | 1.021 times |
| 08 Mon Apr 2024 | 57.82 | 58.47 | 58.48 | 57.56 | 0.775 times |
| 05 Fri Apr 2024 | 57.88 | 57.26 | 57.98 | 56.91 | 0.572 times |
| 04 Thu Apr 2024 | 57.42 | 58.56 | 58.56 | 56.94 | 1.216 times |
| 03 Wed Apr 2024 | 57.99 | 58.22 | 58.63 | 57.61 | 1.04 times |
| 02 Tue Apr 2024 | 58.34 | 58.46 | 58.94 | 57.92 | 1.036 times |
| 01 Mon Apr 2024 | 58.74 | 58.74 | 59.07 | 58.54 | 0.976 times |
| 28 Thu Mar 2024 | 58.77 | 58.03 | 58.97 | 57.79 | 1.274 times |
| 27 Wed Mar 2024 | 58.28 | 57.66 | 58.30 | 57.51 | 0.916 times |
| 26 Tue Mar 2024 | 57.30 | 58.54 | 58.76 | 57.22 | 1.135 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 58.8 as stoploss in an intra day sell trade for a target of 56.65. However, stock will show a bullish move above 58.8.
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 |
| Downside Target | 56.08 |
| Downside Target | 57.56 |
| 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 | 57.54 |
| Downside Intraday Target | 56.84 |
| Upside Intraday Target | 58.97 |
| Upside Intraday Target | 59.7 |
| Upside Intraday Target | 58.27 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Apr 2024 | 58.25 | 58.47 | 58.99 | 57.56 | 0.371 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 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 |
| 09 Tue Apr 2024 | 58.25 | 58.74 | 59.07 | 56.91 | 0.256 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 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 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 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 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 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 and BUY 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 58.09 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 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 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 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 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 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 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 and BUY 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 58.09 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 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.