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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 2025-01-16 View latest technical analysis

10 day averaged volume of Commercial Metals is 1465445

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	50.88	51.25	51.43	50.34	0.597 times
15 Wed Jan 2025	51.61	50.48	52.00	50.05	0.985 times
14 Tue Jan 2025	49.09	48.95	49.42	48.41	0.811 times
13 Mon Jan 2025	48.47	46.53	48.67	46.53	1.245 times
10 Fri Jan 2025	46.89	46.83	48.06	45.50	1.137 times
08 Wed Jan 2025	47.57	48.66	48.66	47.41	0.969 times
08 Wed Jan 2025	47.57	48.66	48.66	47.41	0.969 times
07 Tue Jan 2025	48.89	49.89	50.83	48.50	1.219 times
06 Mon Jan 2025	50.41	49.56	51.74	49.40	1.203 times
03 Fri Jan 2025	48.89	48.79	49.47	48.08	0.897 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.8, but if it comes below 50.8, then a intra day sell could be more profitable.
If you take a sell trade below 50.8, then use 50.8 as stoploss and 49.54 as target. However if you take a buy trade in stock , then use 50.8 as stoploss and 52.3 as target.

Share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Target	45.50
Downside Target	46.53
Upside Target	51.23
Upside Target	51.74
Upside Target	52.00
Upside Target	53.55
Upside Target	56.23
Upside Target	57.14
Upside Target	63.41
Upside Target	64.14

Intraday share price targets for Commercial Metals (CMC)

Target Type	Value
Downside Intraday Target	47.61
Downside Intraday Target	44.33
Upside Intraday Target	53.08
Upside Intraday Target	55.27
Downside Intraday Target	49.8

Weekly technical analysis of Commercial Metals (CMC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	50.88	46.53	52.00	46.53	1.727 times
10 Fri Jan 2025	46.89	48.66	48.66	45.50	0.621 times
08 Wed Jan 2025	47.57	49.56	51.74	47.41	1.441 times
03 Fri Jan 2025	48.89	49.84	50.24	48.08	1.417 times
27 Fri Dec 2024	50.11	49.98	51.23	49.45	0.296 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Commercial Metals (CMC)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	50.88	49.96	52.00	45.50	0.917 times
31 Tue Dec 2024	49.60	63.66	64.14	48.43	1.026 times
26 Tue Nov 2024	62.15	54.02	63.41	53.55	0.812 times
31 Thu Oct 2024	53.80	54.76	57.14	51.00	1.249 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Commercial Metals stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Commercial Metals in short term but the buy signal is initial and weak.

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 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 but SELL signal is weak.

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 48.94 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.