Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
A 55.61 0.49% 0.27
CMC closed up 4.0 percent on Thursday, January 26, 2023, on approximately normal volume.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Gapped Up Strength 0.00%
20 DMA Support Bullish 4.00%
Bullish Engulfing Bullish 4.00%
20 DMA Support Bullish 7.31%
Hammer Candlestick Bullish 7.31%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 7.31%
MACD Bearish Signal Line Cross Bearish 6.69%
Outside Day Range Expansion 6.69%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 6.12%
Pocket Pivot Bullish Swing Setup 6.12%

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Alert Time
Rose Above Previous Day's High 9 minutes ago
Up 3% about 19 hours ago
Up 1 ATR about 20 hours ago
60 Minute Opening Range Breakout about 21 hours ago
Gap Up Closed about 22 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 IBD 50 Waste Management Alloys Metal Products Ferrous Metal Fabrication Salvage Brass Steel Mill Industrial Mineral Scrap Metal Steel Fabrication Steelmaking Nonferrous Metal Manufacturing Plants 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 56.6856
52 Week Low 31.3788
Average Volume 989,248
200-Day Moving Average 42.10
50-Day Moving Average 49.69
20-Day Moving Average 51.80
10-Day Moving Average 53.56
Average True Range 1.74
RSI 65.16
ADX 19.08
+DI 31.10
-DI 19.62
Chandelier Exit (Long, 3 ATRs) 51.46
Chandelier Exit (Short, 3 ATRs) 52.46
Upper Bollinger Bands 57.32
Lower Bollinger Band 46.27
Percent B (%b) 0.82
BandWidth 21.34
MACD Line 1.30
MACD Signal Line 1.31
MACD Histogram -0.0084
Fundamentals Value
Market Cap 6.59 Billion
Num Shares 119 Million
EPS 2.32
Price-to-Earnings (P/E) Ratio 23.85
Price-to-Sales 0.46
Price-to-Book 1.33
PEG Ratio 12.25
Dividend 0.48
Dividend Yield 0.87%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.69
Resistance 3 (R3) 58.32 56.85 58.13
Resistance 2 (R2) 56.85 55.99 57.03 57.94
Resistance 1 (R1) 56.09 55.47 56.47 56.46 57.76
Pivot Point 54.62 54.62 54.81 54.80 54.62
Support 1 (S1) 53.86 53.76 54.24 54.23 52.92
Support 2 (S2) 52.39 53.24 52.57 52.74
Support 3 (S3) 51.63 52.39 52.55
Support 4 (S4) 52.00