Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
D 31.7 2.36% 0.73
CMC closed up 2.36 percent on Friday, October 15, 2021, on 1.71 times normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Flat
Historical CMC trend table...

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Fell Below 20 DMA Bearish 2.36%
Fell Below 50 DMA Bearish 2.36%
Volume Surge Other 2.36%
Earnings Movers Other 2.36%
Gapped Down Weakness 2.36%
50 DMA Support Bullish -2.43%
Pocket Pivot Bullish Swing Setup -2.43%
Volume Surge Other -2.43%
Upper Bollinger Band Walk Strength -2.43%
Older End-of-Day Signals for CMC ...

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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 Metal Fabrication Metals Salvage Steel Mill Brass Steel Mills Nonferrous Metal Scrap Metal Steel Fabrication Steelmaking Industrial Mineral Industrial Minerals Manufacturing Plants Ferroalloy Ferroalloys 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 36.49
52 Week Low 18.675
Average Volume 890,808
200-Day Moving Average 29.35
50-Day Moving Average 32.17
20-Day Moving Average 31.37
10-Day Moving Average 31.83
Average True Range 1.08
ADX 12.84
+DI 24.18
-DI 20.90
Chandelier Exit (Long, 3 ATRs) 30.00
Chandelier Exit (Short, 3 ATRs) 32.02
Upper Bollinger Bands 32.96
Lower Bollinger Band 29.78
Percent B (%b) 0.6
BandWidth 10.14
MACD Line 0.07
MACD Signal Line -0.01
MACD Histogram 0.0767
Fundamentals Value
Market Cap 3.77 Billion
Num Shares 119 Million
EPS 2.32
Price-to-Earnings (P/E) Ratio 13.66
Price-to-Sales 0.46
Price-to-Book 1.33
PEG Ratio 12.25
Dividend 0.48
Dividend Yield 1.51%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.02
Resistance 3 (R3) 33.02 32.57 32.80
Resistance 2 (R2) 32.57 32.24 32.58 32.73
Resistance 1 (R1) 32.14 32.03 31.92 32.14 32.65
Pivot Point 31.69 31.69 31.58 31.70 31.69
Support 1 (S1) 31.26 31.36 31.04 31.26 30.75
Support 2 (S2) 30.81 31.15 30.82 30.67
Support 3 (S3) 30.38 30.81 30.60
Support 4 (S4) 30.38