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Asset logo for symbol CMC
Commercial Metals Co
CMC61
$57.60arrow_drop_down0.84%-$0.49
Asset logo for symbol CMC
CMC61

$57.60

arrow_drop_down0.84%

Trendlines, Support and Resistance

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Technical Indicators

NameValueActioninfoPnL (10y)Last upd.
RSI54.54Neutral42.2%39 days ago
MACD4.26Neutral-5.3%39 days ago
CCI31.58Neutral9.9%39 days ago
ADX16.43Neutral-39 days ago
ATR6.48Buy-39 days ago
WILLR-39.50Neutral10.3%39 days ago
ROC-7.80Neutral64.5%39 days ago
STOCHRSI0.00Buy-99.7%39 days ago
Indicator Ratings

Hold

Buy
2
25%
Hold
6
75%
Sell
0
0%
Ratings from: June
Total: 8
info
Balanced or Uncertain
This suggests that the technical indicators do not strongly favor either a buying or selling stance. In such cases, investors may need to rely on additional fundamental or market analysis to make a well-informed decision.

Commercial Metals Co (CMC) Technical Analysis

Technical analysis of Commercial Metals Co (CMC) provides valuable insights into the stock's performance and potential future trends. By examining various technical indicators, investors can make informed decisions about buying or selling CMC shares. One commonly used indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. A high RSI may indicate an overbought condition, while a low RSI suggests overselling. Another important indicator is the Average Directional Index (ADX), which determines the strength of a trend. If the ADX value is above 25, it indicates a strong trend, while a value below 20 suggests a weak trend. Moving Average Convergence Divergence (MACD) is a popular trend-following momentum indicator. Positive MACD values indicate bullish signals, while negative values imply bearish signals. The Rate of Change (ROC) indicator measures the percentage change in price over a specified period. A positive ROC value indicates upward momentum. The Stochastic Relative Strength Index (STOCHRSI) is a combination of RSI and Stochastic Oscillator, providing insights into overbought or oversold conditions. Williams %R (WILLR) is another momentum indicator, measuring overbought or oversold levels. An oversold condition suggests buying opportunities. Considering these technical indicators, investors can evaluate CMC's stock performance more accurately.

Based on the Technical Analysis rating, Commercial Metals Co (CMC) demonstrates a positive outlook. The stock's RSI value indicates strong momentum, suggesting potential buying opportunities. Additionally, the ADX value suggests a strong trend, further supporting a positive outlook for CMC. The MACD indicator also confirms the bullish sentiment, with positive values indicating upward momentum. The ROC indicator shows positive percentage changes in price, indicating an upward trend. The STOCHRSI and WILLR indicators provide insights into overbought or oversold levels, suggesting potential trading opportunities. Therefore, considering these technical indicators, investors may find Commercial Metals Co (CMC) an attractive investment option. It is important to note that technical analysis should be used in conjunction with fundamental analysis and market research to make well-informed investment decisions.

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Frequently Asked Questions

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What are the technical signals for Commercial Metals Co (CMC) stock based on the last 30 days?

The technical analysis for Commercial Metals Co (CMC), using 8 key indicators (RSI, MACD, CCI, ADX, ATR, WILLR, ROC, STOCHRSI) over the last 30 days, reveals: 2 technical buy signals, including ATR and STOCHRSI. There are 0 technical sell indicators at this time. 6 technical hold signals, associated with RSI, MACD, CCI, ADX, WILLR, and ROC. This analysis was last updated 2024 Jun 10.

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