(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 619918
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 55.41 | 56.07 | 56.07 | 54.82 | 1.06 times |
| 24 Fri May 2024 | 55.84 | 56.27 | 56.45 | 55.59 | 0.607 times |
| 23 Thu May 2024 | 55.82 | 56.14 | 56.45 | 54.92 | 1.317 times |
| 22 Wed May 2024 | 56.15 | 55.98 | 56.63 | 55.78 | 0.855 times |
| 21 Tue May 2024 | 56.38 | 56.72 | 56.95 | 55.60 | 1.182 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 55.3 as stoploss in an intra day buy trade for a target of 56.43. However, stock will show a bearish move below 55.3.
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.77 |
| Downside Target | 49.60 |
| Downside Target | 51.63 |
| Upside Target | 57.19 |
| Upside Target | 57.27 |
| Upside Target | 57.61 |
| Upside Target | 57.97 |
| Upside Target | 59.07 |
| Upside Target | 59.13 |
| Upside Target | 59.81 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 54.8 |
| Downside Intraday Target | 54.18 |
| Upside Intraday Target | 56.05 |
| Upside Intraday Target | 56.68 |
| Upside Intraday Target | 55.43 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 55.41 | 56.07 | 56.07 | 54.82 | 0.185 times |
| 24 Fri May 2024 | 55.84 | 57.37 | 57.61 | 54.92 | 1.471 times |
| 17 Fri May 2024 | 57.60 | 57.48 | 59.13 | 57.27 | 0.857 times |
| 10 Fri May 2024 | 57.29 | 56.51 | 57.97 | 55.75 | 0.638 times |
| 03 Fri May 2024 | 55.90 | 53.59 | 57.19 | 53.59 | 1.331 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 |
| 28 Tue May 2024 | 55.41 | 54.11 | 59.13 | 53.75 | 0.76 times |
| 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 | 0.615 times |
Price has moved up 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 17, 30, 28 | Sell |
| MACD | 0, 1 | Sell |
| Stochastics | 19 | Sell |
| CCI | -101 | Sell |
| RSI | 61 | Buy |
| OBV | -2198149 | Sell |
| VWAP | 57 | Sell |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| Force Index | 0 | Sell |
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 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above 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 and the buying is gaining 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 56.72 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.
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