After completing its last trading session, Commercial Metals Company (NYSE:CMC) dropped by -0.2% – here is what that looked like (as of 2019-12-23):
What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.327, an Accumulation/Distribution Index (ADI) of 0.327, an On-Balance Volume (OBV) of 139.885, and a Chaiikin Money Flow (CMF) of 21.76. 1.962
Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:
So there you have it – our analysis of Commercial Metals Company (NYSE:CMC). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.