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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.

10 day averaged volume of Commercial Metals is 1371700

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 58.77 58.03 58.97 57.79 0.799 times
27 Wed Mar 2024 58.28 57.66 58.30 57.51 0.575 times
26 Tue Mar 2024 57.30 58.54 58.76 57.22 0.712 times
25 Mon Mar 2024 58.35 58.13 59.16 58.01 0.664 times
22 Fri Mar 2024 57.87 58.86 59.40 57.70 1.119 times
21 Thu Mar 2024 59.00 58.00 59.81 55.50 2.193 times
20 Wed Mar 2024 56.01 55.14 56.32 54.93 1.081 times
19 Tue Mar 2024 54.50 54.03 54.99 54.03 0.546 times
18 Mon Mar 2024 53.80 54.07 54.39 53.76 0.624 times
15 Fri Mar 2024 53.93 52.80 54.16 52.80 1.762 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.3, but if it comes below 57.3, then a intra day sell could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 54.96 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 60 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
Downside Target 54.45
Downside Target 55.20
Downside Target 56.08
Downside Target 57.22
Upside Target 59.16
Upside Target 59.81

Intraday share price targets for Commercial Metals (CMC)

Target Type Value
Downside Intraday Target 57.61
Downside Intraday Target 56.44
Upside Intraday Target 59.55
Upside Intraday Target 60.32
Downside Intraday Target 58.38

Weekly technical analysis of Commercial Metals (CMC)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 58.77 58.13 59.16 57.22 0.494 times
22 Fri Mar 2024 57.87 54.07 59.81 53.76 1.323 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

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
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 0.597 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 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 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 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 56.88 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.

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 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 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 56.88 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.

Daily charts

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Daily chart
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