(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 683140
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 53.70 | 54.64 | 55.00 | 53.43 | 1.007 times |
| 23 Tue Apr 2024 | 54.45 | 54.07 | 54.55 | 53.27 | 1.244 times |
| 22 Mon Apr 2024 | 55.10 | 55.13 | 55.69 | 54.59 | 0.723 times |
| 19 Fri Apr 2024 | 55.21 | 55.15 | 55.90 | 54.55 | 0.878 times |
| 18 Thu Apr 2024 | 55.28 | 56.11 | 56.25 | 54.96 | 1.054 times |
| 17 Wed Apr 2024 | 55.87 | 56.19 | 56.80 | 55.73 | 1.493 times |
| 16 Tue Apr 2024 | 55.23 | 55.07 | 55.47 | 54.31 | 0.743 times |
| 15 Mon Apr 2024 | 55.76 | 55.80 | 56.22 | 55.05 | 0.97 times |
| 12 Fri Apr 2024 | 55.20 | 56.46 | 56.75 | 55.01 | 0.943 times |
| 11 Thu Apr 2024 | 56.56 | 57.28 | 57.28 | 56.31 | 0.92 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 53.2, for a target of 55.1 or 56.65
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 | 52.75 |
| Downside Intraday Target | 51.8 |
| Upside Intraday Target | 55.17 |
| Upside Intraday Target | 56.64 |
| Upside Intraday Target | 54.22 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 53.70 | 55.13 | 55.69 | 53.27 | 0.579 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 |
| 24 Wed Apr 2024 | 53.70 | 58.74 | 59.07 | 53.27 | 0.594 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 losing momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
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 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 55.24 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 losing momentum.
MACD generated a SELL signal for Commercial Metals in short term and the sell signal is strong.
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 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 55.24 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.