(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 2024-03-12 View latest technical analysis
10 day averaged volume of Commercial Metals is 766650
Date | Daily Closing Price | Open | High | Low | Volume |
12 Tue Mar 2024 | 52.83 | 52.77 | 53.13 | 52.06 | 0.897 times |
11 Mon Mar 2024 | 52.48 | 53.72 | 53.72 | 51.63 | 1.328 times |
08 Fri Mar 2024 | 54.10 | 54.03 | 54.37 | 53.73 | 1.08 times |
07 Thu Mar 2024 | 53.65 | 53.10 | 54.03 | 53.09 | 0.921 times |
06 Wed Mar 2024 | 52.64 | 53.32 | 53.92 | 52.53 | 1.241 times |
05 Tue Mar 2024 | 53.07 | 52.76 | 54.38 | 52.76 | 1.012 times |
04 Mon Mar 2024 | 53.05 | 54.06 | 54.45 | 52.78 | 1.032 times |
01 Fri Mar 2024 | 53.60 | 54.00 | 54.64 | 53.21 | 1.361 times |
29 Thu Feb 2024 | 54.00 | 54.45 | 54.45 | 53.54 | 0.833 times |
28 Wed Feb 2024 | 54.19 | 53.98 | 54.38 | 53.78 | 0.603 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 53, but if it comes above 53, then a intra day buy could be more profitable.
If you take a sell trade below 53, then use 53 as stoploss and 51.9 as target. However if you take a buy trade in stock , then use 53 as stoploss and 53.8 as target.
Share price targets for Commercial Metals (CMC)
Target Type | Value |
Downside Target | 42.07 |
Downside Target | 44.93 |
Downside Target | 46.55 |
Downside Target | 47.77 |
Downside Target | 49.60 |
Downside Target | 51.56 |
Upside Target | 53.72 |
Upside Target | 54.45 |
Upside Target | 54.64 |
Upside Target | 55.14 |
Upside Target | 55.20 |
Upside Target | 56.08 |
Intraday share price targets for Commercial Metals (CMC)
Target Type | Value |
Downside Intraday Target | 51.73 |
Downside Intraday Target | 50.64 |
Upside Intraday Target | 53.82 |
Upside Intraday Target | 54.82 |
Downside Intraday Target | 52.73 |
Weekly technical analysis of Commercial Metals (CMC)
Date | Weekly Closing Price | Open | High | Low | Volume |
12 Tue Mar 2024 | 52.83 | 53.72 | 53.72 | 51.63 | 0.421 times |
08 Fri Mar 2024 | 54.10 | 54.06 | 54.45 | 52.53 | 1.337 times |
01 Fri Mar 2024 | 53.60 | 54.24 | 55.20 | 53.21 | 0.968 times |
23 Fri Feb 2024 | 54.69 | 54.12 | 55.14 | 52.71 | 0.759 times |
16 Fri Feb 2024 | 55.03 | 53.88 | 56.08 | 51.71 | 0.851 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 |
12 Tue Mar 2024 | 52.83 | 54.00 | 54.64 | 51.63 | 0.421 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 |
29 Fri Dec 2023 | 50.04 | 45.47 | 51.56 | 44.93 | 0.987 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 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 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 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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Commercial Metals in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 53.29 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 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 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 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 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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Commercial Metals in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 53.29 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.