Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
B 53.80 -0.24% -0.13
CMC closed down 0.24 percent on Monday, March 18, 2024, on 86 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: Mar 21
*** please verify all earnings dates ***
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Crossed Above 20 DMA Bullish -0.24%
Pocket Pivot Bullish Swing Setup -0.24%
Bollinger Band Squeeze Range Contraction -0.24%
Gapped Down Weakness -0.24%
50 DMA Support Bullish 1.15%
Bollinger Band Squeeze Range Contraction 1.15%
BB Squeeze + Lower Band Touch Range Contraction 1.15%

   Recent Intraday Alerts

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 Waste Management Alloys Metal Products Metal Fabrication Ferrous Salvage Brass Industrial Mineral Scrap Metal Steel Fabrication Nonferrous Metal Steel Mill Manufacturing Plants Steelmaking 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 57.6435
52 Week Low 39.5641
Average Volume 998,973
200-Day Moving Average 50.17
50-Day Moving Average 52.44
20-Day Moving Average 53.68
10-Day Moving Average 53.24
Average True Range 1.27
RSI (14) 54.34
ADX 13.68
+DI 21.31
-DI 22.04
Chandelier Exit (Long, 3 ATRs) 52.28
Chandelier Exit (Short, 3 ATRs) 55.43
Upper Bollinger Bands 55.11
Lower Bollinger Band 52.26
Percent B (%b) 0.54
BandWidth 5.32
MACD Line 0.21
MACD Signal Line 0.32
MACD Histogram -0.1088
Fundamentals Value
Market Cap 6.26 Billion
Num Shares 116 Million
EPS 6.54
Price-to-Earnings (P/E) Ratio 8.23
Price-to-Sales 0.73
Price-to-Book 1.49
PEG Ratio 12.25
Dividend 0.64
Dividend Yield 1.19%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.75
Resistance 3 (R3) 54.84 54.61 54.59
Resistance 2 (R2) 54.61 54.37 54.57 54.53
Resistance 1 (R1) 54.21 54.22 54.10 54.12 54.48
Pivot Point 53.98 53.98 53.93 53.94 53.98
Support 1 (S1) 53.58 53.74 53.47 53.49 53.12
Support 2 (S2) 53.35 53.59 53.31 53.07
Support 3 (S3) 52.95 53.35 53.01
Support 4 (S4) 52.86