Technical Analysis for CMC - Commercial Metals Company

Grade Last Price % Change Price Change
D 31.42 -0.88% -0.2800
CMC closed up 2.36 percent on Friday, October 15, 2021, on 1.75 times normal volume. It ran into resistance at its 50 day moving average.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down
Historical CMC trend table...

Date Alert Name Type % Chg
50 DMA Resistance Bearish -0.88%
Crossed Above 20 DMA Bullish -0.88%
Fell Below 20 DMA Bearish 1.45%
Fell Below 50 DMA Bearish 1.45%
Volume Surge Other 1.45%
Gapped Down Weakness 1.45%
50 DMA Support Bullish -3.29%
Pocket Pivot Bullish Swing Setup -3.29%
Volume Surge Other -3.29%
Upper Bollinger Band Walk Strength -3.29%
Older End-of-Day Signals for CMC ...

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

Alert Time
Down 1% about 6 hours ago
20 DMA Resistance about 6 hours ago
Fell Below 20 DMA about 6 hours ago
Fell Below Previous Day's Low about 6 hours ago
20 DMA Support 3 days 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. 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 Mesh Arena Equipment Manufacturing Metal Products Rebar Steels Industrial Plants Metal Fabrication Steel Mill Scrap Metal Rolling Stadiums Long Steel Products Steel Mills Brass Bronze Structural Products

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 18.59
Average Volume 855,795
200-Day Moving Average 0.0000
50-Day Moving Average 32.1152
20-Day Moving Average 31.3665
10-Day Moving Average 31.8290
Average True Range 1.0928
ADX 12.19
+DI 24.3481
-DI 21.2550
Chandelier Exit (Long, 3 ATRs) 29.9716
Chandelier Exit (Short, 3 ATRs) 32.0434
Upper Bollinger Bands 32.9571
Lower Bollinger Band 29.7759
Percent B (%b) 0.6
BandWidth 10.1420
MACD Line 0.0578
MACD Signal Line -0.0160
MACD Histogram 0.0738
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) 33.0200
Resistance 3 (R3) 33.0167 32.5733 32.8000
Resistance 2 (R2) 32.5733 32.2372 32.5750 32.7266
Resistance 1 (R1) 32.1367 32.0295 31.9150 32.1400 32.6533
Pivot Point 31.6933 31.6933 31.5825 31.6950 31.6933
Support 1 (S1) 31.2567 31.3572 31.0350 31.2600 30.7467
Support 2 (S2) 30.8133 31.1495 30.8150 30.6734
Support 3 (S3) 30.3767 30.8133 30.6000
Support 4 (S4) 30.3800