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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 2024-03-20 View latest technical analysis

10 day averaged volume of Commercial Metals is 985590

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	56.01	55.14	56.32	54.93	1.505 times
19 Tue Mar 2024	54.50	54.03	54.99	54.03	0.76 times
18 Mon Mar 2024	53.80	54.07	54.39	53.76	0.868 times
15 Fri Mar 2024	53.93	52.80	54.16	52.80	2.453 times
14 Thu Mar 2024	53.19	52.44	53.20	52.12	1.009 times
13 Wed Mar 2024	52.73	52.91	53.49	52.38	0.658 times
12 Tue Mar 2024	52.83	52.77	53.13	52.06	0.697 times
11 Mon Mar 2024	52.48	53.72	53.72	51.63	1.033 times
08 Fri Mar 2024	54.10	54.03	54.37	53.73	0.84 times
07 Thu Mar 2024	53.65	53.10	54.03	53.09	0.717 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 55.7, for a target of 54.6 or 53.79

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
Downside Target	54.16
Downside Target	54.45
Downside Target	55.14
Downside Target	55.20
Upside Target	56.08
Upside Target	56.32

Intraday share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Intraday Target	54.41
Downside Intraday Target	52.8
Upside Intraday Target	56.97
Upside Intraday Target	57.92
Downside Intraday Target	55.36

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	56.01	54.07	56.32	53.76	0.536 times
15 Fri Mar 2024	53.93	53.72	54.16	51.63	1.423 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

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
20 Wed Mar 2024	56.01	54.00	56.32	51.63	0.864 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 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)

Price action analysis of Commercial Metals ( (CMC) ) based on a short 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 short to mid term time period is neutral. A longer time frame might give a better analysis.

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 BUY signal for Commercial Metals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Commercial Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and the buying is gaining 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 53.89 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 rising upwards.

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 is giving positive 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.