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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Commercial Metals Company (NYSE:CMC)
Bull Market Weakness (+75) - CMC is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CMC as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CMC?
MarketClub looks at technical strength and momentum to determine if the timing is right for CMC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CMC
The long-term trend has been UP since Jan 8th, 2024 at 51.56
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 55.01
The short-term trend has been UP since Apr 29th, 2024 at 55.00
Smart Scan Analysis for CMC
Based on our trend formula, CMC is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 55.760 | 56.415 | 55.760 | 56.200 | -0.070 |
| Prev. Close | Volume | Bid | Ask | Time |
| 56.220 | 306295 | 2024-05-08 15:59:41 |
| Year High | 26.72 | Year High Date | 2018-02-20 |
| Year Low | 17.26 | Year Low Date | 2018-10-24 |
| 52wk High | 59.81 | 52wk High Date | 2024-03-21 |
| 52wk Low | 39.85 | 52wk Low Date | 2023-10-23 |
| Year End Close | 14.86 | Average Volume | 726,040 |
| Shares Outstanding | 115,708 | Short Interest | 1,469,381 |
| % Institutional | 80.5 | Market Cap | 2,183M |
| Assets | 666,226,500M | Liabilities | 243,981,800M |
| P/E Ratio | 9.7691 | Beta | 1.58 |
| Volatility | 47.75 |