(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 2024-12-18 View latest technical analysis
10 day averaged volume of Commercial Metals is 715906
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Dec 2024 | 51.24 | 54.46 | 54.62 | 50.89 | 2.176 times |
| 17 Tue Dec 2024 | 54.16 | 55.78 | 56.26 | 54.03 | 1.704 times |
| 16 Mon Dec 2024 | 56.28 | 56.93 | 57.25 | 55.96 | 1.362 times |
| 13 Fri Dec 2024 | 57.21 | 58.19 | 58.47 | 56.91 | 1.864 times |
| 12 Thu Dec 2024 | 58.61 | 59.79 | 60.43 | 58.40 | 1.564 times |
| 11 Wed Dec 2024 | 61.60 | 62.14 | 62.33 | 61.22 | 1.246 times |
| 10 Tue Dec 2024 | 61.75 | 62.26 | 62.79 | 61.26 | 1.119 times |
| 09 Mon Dec 2024 | 62.26 | 62.32 | 63.49 | 62.11 | 1.041 times |
| 05 Thu Dec 2024 | 61.75 | 62.05 | 62.60 | 61.69 | 0.033 times |
| 04 Wed Dec 2024 | 63.02 | 62.97 | 63.45 | 62.72 | 0.037 times |
Stock of Commercial Metals (CMC) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 53.2, for a target of 56.8 or 59.88
Share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Target | 47.42 |
| Downside Target | 50.89 |
| Upside Target | 53.55 |
| Upside Target | 56.23 |
| Upside Target | 60.78 |
| Upside Target | 61.77 |
| Upside Target | 62.90 |
| Upside Target | 63.41 |
| Upside Target | 63.49 |
| Upside Target | 64.14 |
Intraday share price targets for Commercial Metals (CMC)
| Target Type | Value |
| Downside Intraday Target | 49 |
| Downside Intraday Target | 46.77 |
| Upside Intraday Target | 55.36 |
| Upside Intraday Target | 59.49 |
| Upside Intraday Target | 53.13 |
Weekly technical analysis of Commercial Metals (CMC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed Dec 2024 | 51.24 | 56.93 | 57.25 | 50.89 | 0.767 times |
| 13 Fri Dec 2024 | 57.21 | 62.32 | 63.49 | 56.91 | 68.019 times |
| 05 Thu Dec 2024 | 61.75 | 63.66 | 64.14 | 61.69 | 0.106 times |
| 26 Tue Nov 2024 | 62.15 | 62.28 | 62.90 | 61.77 | 0.43 times |
| 26 Tue Nov 2024 | 62.15 | 61.60 | 62.90 | 61.52 | 0.531 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 |
| 18 Wed Dec 2024 | 51.24 | 63.66 | 64.14 | 50.89 | 0.529 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 |
| 30 Mon Sep 2024 | 54.96 | 52.87 | 56.23 | 47.42 | 1.063 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 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Commercial Metals in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 57.12 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.
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 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
Commercial Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Commercial Metals in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 57.12 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.