Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
B 32.1 3.28% 1.02
CMC closed down 5.65 percent on Wednesday, May 12, 2021, on 87 percent of normal volume.

Trend Table & Recent EOD 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 3.28%
Overbought Stochastic Strength 3.28%
New 52 Week Closing High Bullish -2.55%
New Uptrend Bullish -2.55%
Pocket Pivot Bullish Swing Setup -2.55%
Slingshot Bullish Bullish Swing Setup -2.55%
Upper Bollinger Band Walk Strength -2.55%
Above Upper BB Strength -2.55%
Overbought Stochastic Strength -2.55%
Upper Bollinger Band Touch Strength -2.55%
Older End-of-Day Signals for CMC ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible Inside Day about 2 hours ago
10 DMA Resistance about 2 hours ago
Up 1 ATR about 6 hours ago
Rose Above 10 DMA about 6 hours ago
Up 3% about 6 hours ago
View Earlier Intraday Alerts

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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: Chemicals Chemical Steel Supply Chain Management Building Materials Metal Alloy Waste Management Alloys Metal Products Ferrous Metals Metal Fabrication Salvage Steel Mill Brass Steel Mills Nonferrous Metal Scrap Metal Steel Fabrication Steelmaking Industrial Mineral Industrial Minerals Ferroalloy Ferroalloys Manufacturing Plants Markets Steel 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 33.5
52 Week Low 14.35
Average Volume 1,049,912
200-Day Moving Average 23.41
50-Day Moving Average 29.78
20-Day Moving Average 30.17
10-Day Moving Average 31.31
Average True Range 1.14
ADX 25.28
+DI 27.16
-DI 17.88
Chandelier Exit (Long, 3 ATRs ) 30.07
Chandelier Exit (Short, 3 ATRs ) 31.12
Upper Bollinger Band 33.06
Lower Bollinger Band 27.28
Percent B (%b) 0.66
BandWidth 19.16
MACD Line 0.82
MACD Signal Line 0.62
MACD Histogram 0.1987
Fundamentals Value
Market Cap 3.7 Billion
Num Shares 119 Million
EPS 2.32
Price-to-Earnings (P/E) Ratio 13.40
Price-to-Sales 0.46
Price-to-Book 1.33
PEG Ratio 12.25
Dividend 0.48
Dividend Yield 1.54%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.13
Resistance 3 (R3) 34.41 33.67 33.62
Resistance 2 (R2) 33.67 32.90 33.53 33.45
Resistance 1 (R1) 32.38 32.42 32.01 32.10 33.28
Pivot Point 31.64 31.64 31.46 31.50 31.64
Support 1 (S1) 30.35 30.87 29.98 30.07 28.88
Support 2 (S2) 29.61 30.39 29.47 28.71
Support 3 (S3) 28.32 29.61 28.54
Support 4 (S4) 28.04