Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
B 34.12 -3.21% -1.1300
CMC closed down 3.21 percent on Tuesday, January 25, 2022, on 1.17 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Inside Day Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Crossed Above 50 DMA Bullish -3.21%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.21%
Pocket Pivot Bullish Swing Setup -3.21%
Lower Bollinger Band Touch Weakness -3.21%
Fell Below 50 DMA Bearish 1.31%
Below Lower BB Weakness 1.31%
Lower Bollinger Band Touch Weakness 1.31%
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. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells scrap metals 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. The Americas Mills segment manufactures finished long steel products, including reinforcing bars (rebars), merchant bars, light structural products, and other special sections, as well as semi-finished billets for re-rolling and forging applications. This segment sells its products to the construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical, and original equipment manufacturing industries. The Americas Fabrication segment offers fabricated steel products for use primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams. The International Mill segment manufactures rebars, merchant bars, and wire rods, as well as semi-finished billets; and sells fabricated rebars, fabricated meshes, assembled rebar cages, and other rebar by-products primarily to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Energy Transportation Building Materials Concrete Recycling Steel Products Metals Forging Dams Manufacturing Industries Ingot Arena Metal Products Equipment Manufacturing Industrial Plants Metal Fabrication Rebar Steels Mesh Scrap Metal Long Steel Products Rolling Stadiums Brass Steel Mill Steel Mills Bronze

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 38.7108
52 Week Low 19.44
Average Volume 1,017,078
200-Day Moving Average 32.3224
50-Day Moving Average 34.5706
20-Day Moving Average 36.1675
10-Day Moving Average 36.0350
Average True Range 1.5846
ADX 21.83
+DI 20.3152
-DI 26.0804
Chandelier Exit (Long, 3 ATRs) 33.9570
Chandelier Exit (Short, 3 ATRs) 37.4038
Upper Bollinger Bands 38.2943
Lower Bollinger Band 34.0407
Percent B (%b) 0.02
BandWidth 11.7608
MACD Line 0.1475
MACD Signal Line 0.5380
MACD Histogram -0.3905
Fundamentals Value
Market Cap 4.06 Billion
Num Shares 119 Million
EPS 2.32
Price-to-Earnings (P/E) Ratio 14.71
Price-to-Sales 0.46
Price-to-Book 1.33
PEG Ratio 12.25
Dividend 0.48
Dividend Yield 1.41%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.6700
Resistance 3 (R3) 36.6967 35.8733 36.2450
Resistance 2 (R2) 35.8733 35.2239 35.8600 36.1032
Resistance 1 (R1) 34.9967 34.8227 34.5850 34.9700 35.9616
Pivot Point 34.1733 34.1733 33.9675 34.1600 34.1733
Support 1 (S1) 33.2967 33.5239 32.8850 33.2700 32.2784
Support 2 (S2) 32.4733 33.1227 32.4600 32.1368
Support 3 (S3) 31.5967 32.4733 31.9950
Support 4 (S4) 31.5700