COMMERCIAL METALS CO (CMC) Stock Technical Analysis
USA - NYSE:CMC - US2017231034 - Common Stock
58.17 USD
-1.5 (-2.51%)
58.17 USD
0 (0%)
Overall CMC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CMC is only an average performer.
CMC is one of the lesser performing stocks in the Metals & Mining industry. 65% of 156 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
CMC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CMC is lagging the market slightly.
CMC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, CMC did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, CMC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 55.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.33
58.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 55.05 to 55.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.28 from a trend line in the daily time frame.
- A support zone ranging from 50.27 to 50.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.82 to 48.91. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CMC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMC is up. |
| ChartMill Relative Strength | 70.86 | POSITIVE | CMC has a high relative strength, it outperformed 70.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CMC is below 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 | MIXED | The current price of CMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.35 | NEUTRAL | The RSI value for CMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CMC has a negative trend. |
| Stochastics (14,3) | 66.37 | NEUTRAL | The Stochastics value for CMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CMC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for CMC suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.31 | 57.48 | 2.83 (4.69%) | 21.31% |
| An entry @60.31. This is a Buy Stop order right above the 10 day high. | An exit @57.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.83 points, which is 4.69%. | When investing 21.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
58.17
-1.5 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.51%
1 Week0.57%
2 Weeks-1.76%
1 Month3.3%
3 Month19.49%
6 Month24.86%
12 Month9.2%
2 Year17.73%
3 Year63.95%
5 Year191.14%
10 Year329.3%
15 Year301.45%
Volatility
ATR(14)1.6
ATR(20)%2.72%
ATR Inc55.33%
Range Today2
ADR(20)1.56
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.86
Mansfield0.14
10 Day High60.3
10 Day Low57.49
20 Day High60.3
20 Day Low55.76
52 Week High64.53
52 Week Low37.92
CS1 End55.42
CR1 StartN/A
Volume & EV
DER(3)-1.77%
DER(5)-0.71%
Volume2.87M
Volume Incr61.22%
Vol(5)1.42M
Vol(50)934.94K