COMMERCIAL METALS CO (CMC)       53.88  -0.99 (-1.8%)

53.88  -0.99 (-1.8%)

US2017231034 - Common Stock - After market: 53.88 0 (0%)

Technical Rating

10

Overall CMC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CMC has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CMC is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, CMC also shows a nice and consistent pattern of rising prices.
CMC is part of the Metals & Mining industry. There are 980 other stocks in this industry. CMC outperforms 91% of them.
CMC is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month CMC has a been trading in the 47.37 - 56.88 range, which is quite wide. It is currently trading near the high of this range.
CMC has an average volume of 1021230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months 10.50% 17.54% 33.27% 55.63% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 95.58 31.4698 - 56.8799
CMC Weekly chart
CMC Daily chart

Support/Resistance Analysis


33.34

56.74
We found 5 important support areas.
  • Support @51.30 from a trend line in the daily time frame.
  • A support zone ranging from 49.81 to 50.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 47.26 to 47.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @36.68 from a trend line in the weekly time frame.
  • Support @33.68 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 56.07 to 56.18. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

Although CMC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


CMC Daily chart

COMMERCIAL METALS CO53.88

NYSE:CMC (1/30/2023, 7:04:00 PM)-0.99 (-1.8%)

After market: 53.88 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining

Performance
Today -1.8% 1 Week 3.88%
2 Weeks -3.89% 1 Month 10.5%
3 Month 17.54% 6 Month 33.27%

Volatility
ATR(14) 1.86 ATR(20)% 3.32%
ATR Inc -37.14% Range Today 1.36

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 95.58 Mansfield 2.8
10 Day High 56.88 10 Day Low 50.31
20 Day High 56.88 20 Day Low 47.37
52 Week High 56.88 52 Week Low 31.47
CS1 End 51.3 CR1 Start 56.07

Volume & EV
DER(3) 1.99% DER(5) 2.35%
Volume 830.60K Volume Incr -21.17%
Vol(5) 910.80K Vol(50) 1.02M

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