Commercial Metals Technical Analysis (NYSE:CMC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The CMC stock chart pattern can give those who understand technical analysis an indication of which way CMC stock is headed, but cannot predict with 100% certainty as to what can happen to the Commercial Metals stock price.
See Commercial Metals bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Commercial Metals stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Commercial Metals Moving Average
Moving averages show the CMC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $21.79 is above the price of $21.44.
Commercial Metals Bollinger Bands
Bollinger bands comprise of a center line usually CMC SMA, and two CMC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Commercial Metals bollinger bands.
Commercial Metals Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Commercial Metals MACD indicator is below 0 indicating a bearish trend.
Commercial Metals Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 38.58 is the RSI value of CMC stock.