CMC Technical Signal Analysis
CMC have 2 buy signals and 2 sell signals now. The current trend is consolidation starting from 2025-03-31. The total price change during this trend is +2.24%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of CMC over last 5 trading day is $53,519,061.66
2 Bullish Signal
2 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.18
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.19
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.31
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.18
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
CMC Support and Resistance Level
The support levels for CMC are at 44.93, 43.6, and 41.43, while the resistance levels are at 49.26, 50.59, and 52.75. With the current stock price at 47.04, it is leaning more toward the support levels.
CMC Technical Analysis
Technical Analysis of CMC Stock
Current Price and Indicators:
- Close Price: 46.59
- RSI (6, 12, 14): 51.92, 47.00, 46.30
- StochK/D (14,3,3): 65.03, 55.93
- MACD (12,26,9): -0.86
- Fibonacci Levels:
- R1: 47.07
- R2: 48.21
- S1: 43.40
- S2: 42.27
- Pivot: 45.24
Analysis:
The stock is trading near its 20-period moving average (46.79) and slightly above its 50-period moving average (45.66), indicating a potential bullish crossover. The RSI is neutral, suggesting no overbought or oversold conditions. Stochastic Oscillator signals are bullish, as %K is above %D. However, the MACD is bearish, indicating weak upward momentum.
Recommendation:
Buy at the current price of 46.59, targeting Fibonacci resistance levels (47.07 and 48.21). Set a stop-loss below the recent low (45.86).
CMC FAQs
Which bull technical signals does CMC have?
Which bearish technical signals does CMC have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for CMC stock?
Is CMC a buy based on overall technical signals summary?
CMC Buy or Sell
CMC has 2 buy signals and 2 sell signals now. Overall the technical rating for CMC is Neutral.
Neutral
Sell
2
Buy
2
CMC Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 47.04 above the SMA_5. In the short term, the stock shows a positive trend with the 46.92 above the SMA_20. In the mid term, the stock shows a negative trend with the 46.48 below the SMA_60. In the long term, the stock shows a negative trend with the 48.57 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
Free Financial AI Agent for Investment
Ask any investment related question and get answer instantly
What do technical indicators suggest about CMC's current trend?What are CMC's key support and resistance levels?