COMMERCIAL METALS CO (CMC) Stock Technical Analysis
USA - NYSE:CMC - US2017231034 - Common Stock
58.2 USD
-0.25 (-0.43%)
58.2 USD
0 (0%)
Taking everything into account, CMC scores 8 out of 10 in our technical rating. 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. 63% of 156 stocks in the same industry do better.
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.
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.
When comparing the yearly performance of all stocks, we notice that CMC is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CMC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
48.33
58.78
We found 4 important support areas.
- A support zone ranging from 54.63 to 55.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.02 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 | 72.39 | POSITIVE | CMC has a high relative strength, it outperformed 72.39% 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) | DOWN | MIXED | The current price of CMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.2 | NEUTRAL | The RSI value for CMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests CMC has a negative trend. |
| Stochastics (14,3) | 52.94 | NEUTRAL | The Stochastics value for CMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CMC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.21 | 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 |
|---|---|---|---|
| 58.46 | 56.10 | 2.36 (4.03%) | 24.81% |
| An entry @58.46. This is a Buy Stop order right above the 10 day moving average. | An exit @56.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.36 points, which is 4.03%. | When investing 24.81% 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.
58.2
-0.25 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.43%
1 Week-0.34%
2 Weeks1.73%
1 Month2.25%
3 Month19.56%
6 Month24.92%
12 Month9.25%
2 Year17.79%
3 Year64.04%
5 Year191.29%
10 Year329.52%
15 Year301.66%
Volatility
ATR(14)1.37
ATR(20)%2.44%
ATR Inc-18.92%
Range Today1.11
ADR(20)1.4
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.39
Mansfield0.2
10 Day High60.3
10 Day Low56.11
20 Day High60.3
20 Day Low55.75
52 Week High64.53
52 Week Low37.92
CS1 End55.13
CR1 StartN/A
Volume & EV
DER(3)-2.43%
DER(5)-0.71%
Volume803.90K
Volume Incr-17.17%
Vol(5)765.76K
Vol(50)872.14K