Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
B 59.72 0.47% 0.28
CMC closed up 0.47 percent on Wednesday, November 20, 2024, on 56 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
Multiple of Ten Bearish Other 0.00%
NR7 Range Contraction 0.47%
NR7-2 Range Contraction 0.47%
Narrow Range Bar Range Contraction 0.47%
Gapped Down Weakness 0.47%
Golden Cross Bullish 0.13%
NR7 Range Contraction 0.13%
NR7-2 Range Contraction 0.13%
Multiple of Ten Bearish Other 0.13%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 22 hours ago
Rose Above Previous Day's High about 22 hours ago
Up 1% about 22 hours ago
Possible NR7 2 days ago
60 Minute Opening Range Breakout 2 days 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 Building Materials Metals Waste Management Alloys Metal Products Metal Fabrication Ferrous Salvage Scrap Metal Brass Steel Fabrication Industrial Mineral 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 63.405
52 Week Low 42.9618
Average Volume 887,918
200-Day Moving Average 54.55
50-Day Moving Average 54.97
20-Day Moving Average 57.61
10-Day Moving Average 60.56
Average True Range 1.71
RSI (14) 58.85
ADX 24.1
+DI 32.09
-DI 20.13
Chandelier Exit (Long, 3 ATRs) 58.29
Chandelier Exit (Short, 3 ATRs) 56.09
Upper Bollinger Bands 65.00
Lower Bollinger Band 50.23
Percent B (%b) 0.64
BandWidth 25.64
MACD Line 1.67
MACD Signal Line 1.71
MACD Histogram -0.0351
Fundamentals Value
Market Cap 6.95 Billion
Num Shares 116 Million
EPS 6.54
Price-to-Earnings (P/E) Ratio 9.13
Price-to-Sales 0.73
Price-to-Book 1.49
PEG Ratio 12.25
Dividend 0.64
Dividend Yield 1.07%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 61.35
Resistance 3 (R3) 61.35 60.81 61.08
Resistance 2 (R2) 60.81 60.40 60.81 60.99
Resistance 1 (R1) 60.27 60.14 60.54 60.26 60.90
Pivot Point 59.73 59.73 59.86 59.72 59.73
Support 1 (S1) 59.18 59.31 59.45 59.18 58.54
Support 2 (S2) 58.64 59.05 58.64 58.45
Support 3 (S3) 58.10 58.64 58.36
Support 4 (S4) 58.09