Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
grade A 22.79 -0.31% -0.07
CMC closed up 4.48 percent on Monday, August 10, 2020, on approximately normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical CMC trend table...

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength -0.31%
Above Upper BB Strength -0.31%
Gapped Up Strength -0.31%
Overbought Stochastic Strength -0.31%
Up 3 Days in a Row Strength -0.31%
Up 4 Days in a Row Strength -0.31%
Up 5 Days in a Row Strength -0.31%
Upper Bollinger Band Touch Strength -0.31%
Overbought Stochastic Strength 4.16%
Up 3 Days in a Row Strength 4.16%

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Profile

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.
Manufacturing Chemicals Chemical Steel Supply Chain Management Building Materials Metal Waste Management Metal Products Metals Metal Fabrication Scrap Steel Mills Steelmaking Steel Mill Reliance Steel & Aluminum Co.

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 24.04
52 Week Low 10.76
Average Volume 1,282,030
200-Day Moving Average 19.12
50-Day Moving Average 20.04
20-Day Moving Average 20.88
10-Day Moving Average 21.32
Average True Range 0.72
ADX 27.86
+DI 36.52
-DI 13.03
Chandelier Exit (Long, 3 ATRs ) 20.83
Chandelier Exit (Short, 3 ATRs ) 21.40
Upper Bollinger Band 22.29
Lower Bollinger Band 19.47
Percent B (%b) 1.2
BandWidth 13.51
MACD Line 0.64
MACD Signal Line 0.49
MACD Histogram 0.1486
Fundamentals Value
Market Cap 2.65 Billion
Num Shares 116 Million
EPS 0.65
Price-to-Earnings (P/E) Ratio 35.17
Price-to-Sales 0.47
Price-to-Book 1.59
PEG Ratio 0.86
Dividend 0.48
Dividend Yield 2.10%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.41
Resistance 3 (R3) 24.28 23.64 24.15
Resistance 2 (R2) 23.64 23.25 23.70 24.06
Resistance 1 (R1) 23.25 23.00 23.45 23.38 23.98
Pivot Point 22.61 22.61 22.71 22.67 22.61
Support 1 (S1) 22.22 22.22 22.42 22.35 21.74
Support 2 (S2) 21.58 21.97 21.64 21.66
Support 3 (S3) 21.19 21.58 21.57
Support 4 (S4) 21.32