According to the 15-minute chart for Commercial Metals, a MACD Death Cross and KDJ Death Cross occurred on August 20, 2025, at 10:00. This suggests that the stock price has the potential to continue declining, with momentum shifting in favor of a downward trend and potentially leading to further decreases in the stock price.
On August 20, 2025, at 10:00, the Commercial Metals Company (CMC) stock experienced a significant shift in its technical indicators. The 15-minute chart revealed a MACD Death Cross and KDJ Death Cross, which suggest a potential continuation of the downward trend in the stock price [1]. This development, which took place on August 18, 2025, at 12:45, indicates that the momentum of the stock price is shifting towards the downside and may lead to further decreases [1].
The MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. When the MACD line crosses below the signal line, it typically indicates a bearish signal, suggesting that the stock price may continue to fall [1]. Similarly, the KDJ indicator, part of the Stochastic Oscillator, measures the momentum of the stock price. When the KDJ line crosses below the signal line, it indicates that the stock price may be oversold and could potentially decline further [1].
These technical indicators are widely used by investors and financial professionals to make informed decisions about their investments. However, it is essential to note that technical indicators should not be used in isolation. They are most effective when combined with fundamental analysis and other forms of market analysis [1].
Investors should monitor the stock price closely and be prepared for potential fluctuations. It is also recommended to consult with a financial advisor or a professional investment analyst to gain a more comprehensive understanding of the market conditions and the potential impact on the stock price.
References:
[1] https://www.investing.com/equities/commercial-metals-comp
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