COMMERCIAL METALS CO (CMC)
US2017231034 - Common Stock
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.
Looking at the yearly performance, CMC did better than 80% of all other 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 157 other stocks in this industry. CMC outperforms 71% of them.
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.
CMC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
49.88
61.04
We found 5 important support areas.
- Support @59.34 from a horizontal line in the daily time frame.
- A support zone ranging from 55.13 to 55.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @53.07 from a trend line in the daily time frame.
- A support zone ranging from 51.96 to 52.07. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @50.38 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.78
Mansfield-0.05
10 Day High63.41
10 Day Low58.71
20 Day High63.41
20 Day Low51.86
52 Week High63.41
52 Week Low43.52
Performance
1 Week1.7%
2 Weeks-1%
1 Month16.54%
3 Month11.45%
6 Month8.24%
12 Month37.21%
2 Year22.8%
3 Year95.6%
5 Year182.96%
10 Year269.89%
15 Year280.13%
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)60.86
LBB54.96
UBB64.75
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 |
|---|---|---|---|
| 60.50 | 59.33 | 1.17 (1.94%) | 25.00% |
| An entry @60.50. This is a Buy Stop order right above the 10 day moving average. | An exit @59.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.17 points, which is 1.94%. | For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CMC. Please evaluate whether better entry and exit points can be found.
- 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.
COMMERCIAL METALS CO
NYSE:CMC (11/21/2024, 8:20:03 PM)
After market: 60.44 0 (0%)60.44
+0.72 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.21%
1 Week1.7%
2 Weeks-1%
1 Month16.54%
3 Month11.45%
6 Month8.24%
12 Month37.21%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.97
ATR(20)%3.01%
ATR Inc
Range Today1.46
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High63.41
10 Day Low58.71
20 Day High63.41
20 Day Low51.86
52 Week High63.41
52 Week Low43.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume454.20K
Volume Incr-34.68%
Vol(5)636.14K
Vol(50)886.94K