Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
B 31.8 0.95% 0.30
CMC closed up 0.95 percent on Wednesday, July 28, 2021, on 80 percent of normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Support Bullish 0.95%
Bollinger Band Squeeze Range Contraction 0.95%
Stochastic Reached Overbought Strength 0.95%
BB Squeeze + Upper Band Touch Range Contraction 0.95%
Overbought Stochastic Strength 0.95%
Older End-of-Day Signals for CMC ...

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

Alert Time
Upper Bollinger Band Resistance about 14 hours ago
Rose Above Upper Bollinger Band about 15 hours ago
Up 1% about 15 hours ago
60 Minute Opening Range Breakout about 15 hours ago
Rose Above Previous Day's High about 15 hours ago
View Earlier Intraday Alerts

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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 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 34.02
52 Week Low 18.675
Average Volume 984,591
200-Day Moving Average 26.13
50-Day Moving Average 31.30
20-Day Moving Average 30.81
10-Day Moving Average 30.86
Average True Range 0.97
ADX 8.69
+DI 21.81
-DI 18.15
Chandelier Exit (Long, 3 ATRs) 29.08
Chandelier Exit (Short, 3 ATRs) 31.97
Upper Bollinger Bands 31.90
Lower Bollinger Band 29.72
Percent B (%b) 0.95
BandWidth 7.07
MACD Line 0.06
MACD Signal Line -0.11
MACD Histogram 0.1725
Fundamentals Value
Market Cap 3.79 Billion
Num Shares 119 Million
EPS 2.32
Price-to-Earnings (P/E) Ratio 13.71
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) 33.32
Resistance 3 (R3) 33.18 32.54 33.07
Resistance 2 (R2) 32.54 32.15 32.61 32.98
Resistance 1 (R1) 32.17 31.91 32.35 32.31 32.90
Pivot Point 31.52 31.52 31.61 31.59 31.52
Support 1 (S1) 31.15 31.13 31.34 31.29 30.70
Support 2 (S2) 30.51 30.89 30.58 30.62
Support 3 (S3) 30.14 30.51 30.53
Support 4 (S4) 30.28