Title
by Americanbulls.com LLC
Title
  • English
    v
Last Update
04/27/2023
CMC
Commercial Metals
Last Signal: STAY IN CASH
Last Pattern: BULLISH ONE WHITE SOLDIE..
Last Close:
46.4100
Change:
+1.1500
Percent change
+2.54%
+ to Portfolio
+ to Watchlist
6 mo. Rating 3★
$100 ▶ 140
12 mo. Rating 3★
$100 ▶ 167
24 mo. Rating 3★
$100 ▶ 221
Signal Update
Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 04/21/2023, 6 days ago, when the stock price was 47.8000. Since then CMC has fallen by -2.91%.
Market Outlook
The market is finally giving hints of a bullish resurgence. Today a bullish pattern is detected. Based on this pattern, in response to emerging market bullishness the system established new confirmation and stop loss levels. The signal tells us to STAY IN CASH, but the chance of a bullish confirmation that will change the signal to BUY is quite high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis in order to profit most from the early phase of a possible bull run.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern appears in a downtrend and consists of a black candlestick and a white candlestick in which the white candlestick opens above the preceding day’s close and closes above its open. The pattern looks similar to the Bullish Harami pattern. The only difference is that the second day closes higher, which stops the engulfing of the white body by the preceding black body. more...
The <b>Delayed Intraday Module : <color=green>ON</color></b> chart showing Series 1 series, Series 2 series, Series 3 series, Series 4 series, Series 5 series.
CONFIRMED TEMPORARILY
The last bullish pattern is temporarily confirmed, because all the conditions of a bullish confirmation are fulfilled. However, now the current status of confirmation is not fully reliable, as it was at the session's highs. Profit taking occurs and this is normal. Keep your eyes on intraday prices!
Signal History
Date 
Price 
Signal 
 
$100⇨ 
04/21/202347.8000SELL 139.87
03/21/202346.0700BUY 135.08
03/07/202351.5900SHORT 122.51
03/03/202353.2700BUY 127.01
02/21/202356.3700SHORT 120.87
02/16/202357.0600BUY 122.84
02/09/202355.9500SELL 123.09
02/02/202356.0400BUY 123.54
01/30/202354.0000SELL 123.79
01/25/202352.2700BUY 120.06
01/18/202354.9800SELL 120.30
01/04/202349.0000BUY 107.43
12/23/202248.8000SELL 107.65
12/20/202248.2200BUY 106.58
12/09/202249.0000SHORT 105.33
11/08/202246.2400BUY 99.80
† Trade commissions are taken as 0.20%.
Date 
Price 
Signal 
 
$100⇨ 
04/21/202347.8000SELL 166.85
03/21/202346.0700BUY 161.13
03/07/202351.5900SHORT 146.14
03/03/202353.2700BUY 151.50
02/21/202356.3700SHORT 144.18
02/16/202357.0600BUY 146.53
02/09/202355.9500SELL 146.82
02/02/202356.0400BUY 147.35
01/30/202354.0000SELL 147.65
01/25/202352.2700BUY 143.21
01/18/202354.9800SELL 143.50
01/04/202349.0000BUY 128.15
12/23/202248.8000SELL 128.41
12/20/202248.2200BUY 127.14
12/09/202249.0000SHORT 125.65
11/08/202246.2400BUY 119.05
11/02/202244.1400SELL 119.29
10/11/202239.9400BUY 108.16
10/07/202238.4900SHORT 112.84
10/04/202238.2300BUY 112.53
09/13/202240.3700SHORT 107.29
09/07/202239.7250BUY 106.00
08/17/202242.7000SELL 106.21
08/05/202240.0200BUY 99.74
08/02/202240.0850SELL 99.94
07/13/202233.9500BUY 84.81
07/11/202233.4900SHORT 86.34
07/07/202234.1600BUY 88.42
06/30/202233.2800SHORT 91.19
06/24/202234.8550BUY 95.89
06/09/202240.1000SELL 96.08
06/07/202241.6100BUY 99.90
06/01/202239.5200SELL 100.10
05/25/202238.3500BUY 97.33
05/20/202236.6900SHORT 102.35
05/13/202236.3400BUY 101.78
05/06/202239.2600SHORT 95.11
05/04/202241.0300BUY 99.80
† Trade commissions are taken as 0.20%.
Date 
Price 
Signal 
 
$100⇨ 
04/21/202347.8000SELL 221.27
03/21/202346.0700BUY 213.69
03/07/202351.5900SHORT 193.81
03/03/202353.2700BUY 200.92
02/21/202356.3700SHORT 191.21
02/16/202357.0600BUY 194.33
02/09/202355.9500SELL 194.72
02/02/202356.0400BUY 195.42
01/30/202354.0000SELL 195.81
01/25/202352.2700BUY 189.92
01/18/202354.9800SELL 190.30
01/04/202349.0000BUY 169.94
12/23/202248.8000SELL 170.28
12/20/202248.2200BUY 168.59
12/09/202249.0000SHORT 166.61
11/08/202246.2400BUY 157.86
11/02/202244.1400SELL 158.18
10/11/202239.9400BUY 143.42
10/07/202238.4900SHORT 149.63
10/04/202238.2300BUY 149.22
09/13/202240.3700SHORT 142.28
09/07/202239.7250BUY 140.57
08/17/202242.7000SELL 140.85
08/05/202240.0200BUY 132.27
08/02/202240.0850SELL 132.54
07/13/202233.9500BUY 112.48
07/11/202233.4900SHORT 114.50
07/07/202234.1600BUY 117.26
06/30/202233.2800SHORT 120.93
06/24/202234.8550BUY 127.16
06/09/202240.1000SELL 127.41
06/07/202241.6100BUY 132.47
06/01/202239.5200SELL 132.74
05/25/202238.3500BUY 129.07
05/20/202236.6900SHORT 135.73
05/13/202236.3400BUY 134.97
05/06/202239.2600SHORT 126.13
05/04/202241.0300BUY 132.35
04/21/202243.4200SELL 132.62
04/13/202243.0200BUY 131.66
04/11/202242.1700SELL 131.92
03/10/202239.4200BUY 123.56
03/07/202239.4000SELL 123.81
02/25/202236.2500BUY 114.14
02/23/202235.8000SELL 114.37
02/09/202235.6900BUY 114.25
02/04/202234.7010SHORT 118.07
02/01/202234.2800BUY 117.11
01/20/202236.3200SHORT 111.33
01/12/202236.6900BUY 112.92
01/07/202235.6100SELL 113.15
01/04/202236.7400BUY 116.97
12/30/202136.0200SELL 117.20
12/15/202133.0500BUY 107.75
11/24/202134.6200SELL 107.97
11/03/202132.1400BUY 100.44
10/22/202131.6500SELL 100.64
10/20/202131.9100BUY 101.67
10/14/202130.9700SELL 101.87
10/04/202131.2900BUY 103.13
09/29/202131.5900SELL 103.34
09/23/202130.6800BUY 100.56
09/01/202132.1600SHORT 96.52
08/27/202133.8000BUY 101.85
08/17/202134.2700SELL 102.05
08/09/202132.1000BUY 95.78
08/02/202132.4950SELL 95.97
07/21/202130.9900BUY 91.71
07/14/202130.5800SHORT 93.33
07/09/202131.1700BUY 95.51
06/28/202130.9200SHORT 96.67
06/21/202130.3900BUY 95.39
06/14/202132.6600SELL 95.58
06/01/202132.3400BUY 94.83
05/20/202131.5100SHORT 97.79
05/17/202132.0300BUY 99.80
† Trade commissions are taken as 0.20%.







Pattern & Confirmation Chart for the Last 6 Months
The chart showing Series 1 series, Series 2 series, Series 3 series, Series 4 series, Series 5 series, Series 6 series, Series 7 series, Series 8 series, Series 9 series.
CMC - Pattern & Confirmation History since 10/28/2022
Date 
Pattern 
Buy Level 
Stop Loss 
Sell Level 
Confirmation 
Signal 
Level 
Date 
04/27/2023BULLISH ONE WHITE SOLDIER46.410045.0700    
04/24/2023BULLISH PIERCING LINE48.140047.2600    
04/19/2023BEARISH HARAMI CROSS 48.520048.060047.800004/21/2023SELL
04/12/2023BEARISH TWO CROWS 48.195747.3000   
03/16/2023BULLISH PIERCING LINE44.340041.8300 46.070003/21/2023BUY
03/06/2023BEARISH ONE BLACK CROW 53.945052.160051.590003/07/2023SHORT
03/02/2023BULLISH PIERCING LINE52.560051.0453 53.270003/03/2023BUY
02/17/2023BEARISH HANGING MAN 57.860056.670056.370002/21/2023SHORT
02/14/2023BULLISH THREE WHITE SOLDIERS56.760055.8450 57.060002/16/2023BUY
02/08/2023BEARISH HARAMI 57.420056.250055.950002/09/2023SELL
02/03/2023BEARISH HARAMI * 55.710054.6550   
02/01/2023BULLISH STOP LOSS 55.7100 56.040002/02/2023BUY
01/27/2023BEARISH HARAMI 55.710054.655054.000001/30/2023SELL
01/24/2023BULLISH HAMMER52.000050.3100 52.270001/25/2023BUY
01/17/2023BEARISH ENGULFING 56.879955.340054.980001/18/2023SELL
01/05/2023BEARISH DOJI STAR 49.480049.0800   
12/29/2022BULLISH HARAMI48.915048.2800 49.000001/04/2023BUY
12/22/2022BEARISH HARAMI 49.840048.960048.800012/23/2022SELL
12/16/2022BULLISH PIERCING LINE48.150046.4900 48.220012/20/2022BUY
12/14/2022BULLISH MEETING LINE48.850047.7200    
12/07/2022BEARISH HARAMI 50.830049.270049.000012/09/2022SHORT
12/05/2022BEARISH HARAMI 49.770049.0650   
11/11/2022BEARISH ENGULFING 49.410046.0600   
11/09/2022BEARISH BREAKAWAY 46.960045.4600   
11/04/2022BULLISH STOP LOSS 45.4200 46.240011/08/2022BUY


CMC - Pattern Performance
Pattern 
Patterns
Total		 
Confirmed
Total		 
Profitable
Signals		 
Confirmation
 
Profitable
Signal		 
Per Trade 
Profit 
Loss 
Total Net Descending
BULLISH PATTERNS
  222100%100%12%0%12%
  105550%100%7%0%7%
  1510666%60%7%0%7%
  222100%100%10%3%7%
  2617465%23%7%2%5%
  111100%100%4%0%4%
  1614887%57%4%1%3%
  111100%100%3%0%3%
  17141082%71%5%2%3%
  43375%100%2%0%2%
  2211650%54%4%2%2%
  119581%55%4%2%2%
  111100%100%1%0%1%
  1000%0%0%0%0%
  1000%0%0%0%0%
  81012%0%0%0%0%
  1000%0%0%0%0%
  110100%0%0%1%-1%
  110100%0%0%1%-1%
  63150%33%1%2%-1%
  221100%50%1%4%-3%
  43275%66%1%4%-3%
BEARISH PATTERNS
  54280%50%22%4%18%
  111100%100%9%0%9%
  97477%57%11%2%9%
  21150%100%5%0%5%
  1312692%50%5%2%3%
  65283%40%4%1%3%
  117363%42%4%2%2%
  127458%57%5%3%2%
  21150%100%1%0%1%
  2215568%33%3%2%1%
  26191173%57%4%3%1%
  1000%0%0%0%0%
  85262%40%0%1%-1%
  221100%50%0%1%-1%
  110100%0%0%2%-2%
  84050%0%0%3%-3%
  129675%66%2%5%-3%
  110100%0%0%4%-4%
  43075%0%0%5%-5%

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Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

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