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(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 2024-03-13 View latest technical analysis

10 day averaged volume of Commercial Metals is 790180

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	52.73	52.91	53.49	52.38	0.82 times
12 Tue Mar 2024	52.83	52.77	53.13	52.06	0.87 times
11 Mon Mar 2024	52.48	53.72	53.72	51.63	1.288 times
08 Fri Mar 2024	54.10	54.03	54.37	53.73	1.047 times
07 Thu Mar 2024	53.65	53.10	54.03	53.09	0.894 times
06 Wed Mar 2024	52.64	53.32	53.92	52.53	1.204 times
05 Tue Mar 2024	53.07	52.76	54.38	52.76	0.982 times
04 Mon Mar 2024	53.05	54.06	54.45	52.78	1.001 times
01 Fri Mar 2024	53.60	54.00	54.64	53.21	1.32 times
29 Thu Feb 2024	54.00	54.45	54.45	53.54	0.808 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 52 as target. However if you take a buy trade in stock , then use 53 as stoploss and 53.82 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	51.67
Downside Intraday Target	50.6
Upside Intraday Target	53.76
Upside Intraday Target	54.78
Downside Intraday Target	52.69

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	52.73	53.72	53.72	51.63	0.581 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
13 Wed Mar 2024	52.73	54.00	54.64	51.63	0.461 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 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 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 coming down

CCI has generated a buy signal for Commercial Metals in short term but BUY signal is weak.

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 53.19 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.