Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
C 53.52 -2.35% -1.29
CMC closed down 2.35 percent on Monday, July 1, 2024, on 87 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Cup with Handle Other 0.00%
Overbought Stochastic Strength 0.00%
Crossed Above 50 DMA Bullish -2.35%
180 Bullish Setup Bullish Swing Setup -2.35%
Pocket Pivot Bullish Swing Setup -2.35%
Cup with Handle Other -2.35%
Stochastic Reached Overbought Strength -2.35%
Gapped Up Strength -2.35%

   Recent Intraday Alerts

Alert Time
Down 1 ATR about 5 hours ago
Down 2 % about 5 hours ago
Fell Below Previous Day's Low about 9 hours ago
60 Minute Opening Range Breakdown about 9 hours ago
Down 1% about 10 hours ago

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Profile

Commercial Metals Company Description

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company processes scrap metals for use as a raw material by manufacturers of new metal products through 33 scrap metal processing facilities to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also operates five steel mills producing reinforcing bars, angles, flats, rounds, small beams, fence-post sections, and other shapes; two scrap metal shredder and processing facilities; a railroad salvage company; and a copper tube minimill. In addition, the company conducts fabrication operations, fence post manufacturing plants, and construction-related and other product facilities that operate through a network of steel plants that bend, cut, weld, and fabricate steel; warehouses that sell or rent products for the installation of concrete; plants that produce steel fence posts; and plants that heat-treat steel. Further, it operates two rolling mills that produce reinforcing bar and merchant products; a rolling mill that produces wire rods; a specialty rod finishing mill; scrap processing facilities that support minimills; and four steel fabrication plants for reinforcing bar and mesh products. Additionally, the company markets and distributes steel, copper and aluminum coils, sheets and tubing, ores, metal concentrates, industrial minerals, ferroalloys, and chemicals to the manufacturers in the steel, nonferrous metals, metal fabrication, chemical, refractory, and transportation businesses. Commercial Metals Company was founded in 1915 and is headquartered in Irving, Texas.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Chemical Supply Chain Management Steel Metals Building Materials Waste Management Alloys Metal Products Metal Fabrication Ferrous Salvage Brass Industrial Mineral Scrap Metal Steel Fabrication Nonferrous Metal Steel Mill Manufacturing Plants Steelmaking Ferroalloy Ferroalloys Markets Steel

Is CMC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 59.4301
52 Week Low 39.3128
Average Volume 791,167
200-Day Moving Average 50.83
50-Day Moving Average 54.46
20-Day Moving Average 52.66
10-Day Moving Average 53.13
Average True Range 1.43
RSI (14) 49.75
ADX 18.9
+DI 26.53
-DI 21.39
Chandelier Exit (Long, 3 ATRs) 52.30
Chandelier Exit (Short, 3 ATRs) 53.60
Upper Bollinger Bands 55.52
Lower Bollinger Band 49.80
Percent B (%b) 0.65
BandWidth 10.86
MACD Line -0.22
MACD Signal Line -0.58
MACD Histogram 0.3557
Fundamentals Value
Market Cap 6.23 Billion
Num Shares 116 Million
EPS 6.54
Price-to-Earnings (P/E) Ratio 8.18
Price-to-Sales 0.73
Price-to-Book 1.49
PEG Ratio 12.25
Dividend 0.64
Dividend Yield 1.20%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 56.06
Resistance 3 (R3) 56.27 55.64 55.63
Resistance 2 (R2) 55.64 54.99 55.53 55.49
Resistance 1 (R1) 54.58 54.60 54.27 54.37 55.35
Pivot Point 53.95 53.95 53.79 53.84 53.95
Support 1 (S1) 52.89 53.30 52.58 52.68 51.69
Support 2 (S2) 52.26 52.91 52.15 51.55
Support 3 (S3) 51.20 52.26 51.41
Support 4 (S4) 50.99