COMMERCIAL METALS CO (CMC) Stock Technical Analysis
NYSE:CMC - US2017231034 - Common Stock
58.02 USD
-0.9 (-1.53%)
58.02 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.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month CMC has a been trading in the 49.66 - 59.40 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CMC did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CMC is an average performer in the Metals & Mining industry, it outperforms 42% of 155 stocks in the same industry.
Although CMC has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
39.94
58.60
4 important support areas can be observed.
- A support zone ranging from 52.52 to 53.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.27 to 50.98. 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.
- Support @40.34 from a horizontal line in the weekly 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 | 77.7 | POSITIVE | CMC has a high relative strength, it outperformed 77.7% off all stocks 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) | UP | POSITIVE | The current price of CMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.29 | NEUTRAL | The RSI value for CMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.83 | OVERBOUGHT | The high Stochastics value suggests CMC may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for CMC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.41 | 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)
58.02
-0.9 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.53%
1 Week1.93%
2 Weeks9.43%
1 Month10.09%
3 Month24.53%
6 Month19.78%
12 Month8.27%
2 Year3.07%
3 Year43.22%
5 Year178.01%
10 Year269.55%
15 Year345.62%
Volatility
ATR(14)1.71
ATR(20)%2.77%
ATR Inc40.82%
Range Today1.2
ADR(20)1.48
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.7
Mansfield0.42
10 Day High59.4
10 Day Low53.76
20 Day High59.4
20 Day Low49.66
52 Week High64.53
52 Week Low37.92
CS1 End53.28
CR1 StartN/A
Volume & EV
DER(3)2.43%
DER(5)1.8%
Volume1.08M
Volume Incr-5.83%
Vol(5)845.20K
Vol(50)996.32K