COMMERCIAL METALS CO (CMC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMC - US2017231034 - Common Stock
We assign a technical rating of 10 out of 10 to CMC. 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.
Although CMC has an excellent technical rating, it does not offer a high quality setup 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.
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48.33
When analyzing the support we can see 3 important areas.
- Support @59.08 from a trend line in the daily time frame.
- Support @56.79 from a horizontal line in the daily time frame.
- Support @48.82 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 | 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 | 85.88 | POSITIVE | CMC has a high relative strength, it outperformed 85.88% 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) | 72.33 | OVERBOUGHT | The high RSI value suggests CMC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests CMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.42 | OVERBOUGHT | The high Stochastics value suggests CMC may be overbought. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for CMC suggests some volalility. |
| Average Directional Index/ADX (14) | 40.31 | POSITIVE | The high ADX value value for CMC suggests a strong trend. |
70.56
-0.8 (-1.12%)
COMMERCIAL METALS CO / CMC FAQ
What is the technical rating for CMC stock?
ChartMill assigns a technical rating of 10 / 10 to CMC.
What is the current trend direction of COMMERCIAL METALS CO (CMC) stock?
The current trend direction for COMMERCIAL METALS CO (CMC) is Bullish.
What is the RSI signal for CMC stock?
COMMERCIAL METALS CO (CMC) has an RSI value of 72.3336. This indicates that the stock is currently overbought.
Can you provide the MACD signal for COMMERCIAL METALS CO?
The MACD indicator for COMMERCIAL METALS CO (CMC) has a value of 0.781636, indicating a bearish trend.
What is the short term momentum for CMC stock?
The short term momentum for COMMERCIAL METALS CO (CMC) is positive.