COMMERCIAL METALS CO (CMC) Stock Technical Analysis
NYSE:CMC - New York Stock Exchange, Inc. - US2017231034 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CMC. Recently some decent action could be observed, but in the medium term time frame this is still negative. CMC was also a bad performer in the overall market in the last year.
67% of all other stocks performed better in the past year than CMC.
CMC is one of the lesser performing stocks in the Metals & Mining industry. 62% of 154 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CMC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CMC is lagging the market slightly.
In the last month CMC has a been trading in the 45.50 - 51.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CMC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 48.52, a Stop Loss order could be placed below this zone.
More info and screens
39.94
52.20
We found 2 important support areas.
- A support zone ranging from 48.37 to 48.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.34 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 49.09 to 50.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.68 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CMC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMC is up. |
| ChartMill Relative Strength | 33.45 | NEUTRAL | CMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.41 | NEUTRAL | The RSI value for CMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CMC has a negative trend. |
| Stochastics (14,3) | 46.77 | NEUTRAL | The Stochastics value for CMC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CMC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for CMC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
48.68
-0.36 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.73%
1 Week0.06%
2 Weeks-0.51%
1 Month4.31%
3 Month4.49%
6 Month-3.16%
12 Month-10.55%
2 Year-7.56%
3 Year47.07%
5 Year138.63%
10 Year202.74%
15 Year268.23%
Volatility
ATR(14)1.53
ATR(20)%3.18%
ATR Inc-28.66%
Range Today1.12
ADR(20)1.27
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.45
Mansfield-0.86
10 Day High51.51
10 Day Low47.8
20 Day High51.51
20 Day Low45.5
52 Week High64.53
52 Week Low37.92
CS1 End48.52
CR1 Start49.09
Volume & EV
DER(3)0.29%
DER(5)0.3%
Volume3.52M
Volume Incr43.78%
Vol(5)1.37M
Vol(50)983.49K