Commercial Metals Co. Hits Oversold Territory with RSI of 29.3

Commercial Metals Co. (CMC) shows signs of being oversold with an RSI of 29.3, signaling potential buying opportunities. Investors may consider this a moment to act as selling pressure may be easing.

Date: 09-01-2025

AI Rating: 6

Overview of CMC's RSI
Commercial Metals Co. (CMC) shares have entered oversold territory with an RSI reading of 29.3, following a decline to $47.41 per share. This level of RSI indicates that the recent selling pressure may be exhausting, providing a potential entry point for bullish investors.

Performance Insight
CMC's 52-week performance shows a range with the lowest point at $47.41 and a highest point at $64.53, with the last trade noted at $47.70. This drop may have created an opportunity for investors looking for a rebound as the stock approaches its low end. The RSI comparison to the S&P 500 ETF (SPY), currently at 46.6, suggests that CMC is trailing the overall market's momentum, further emphasizing the oversold condition and potential for recovery.

Technical Signals
The RSI is a momentum indicator used to signal whether a stock is oversold or overbought. Since CMC's reading falls below the crucial 30 mark, investors may perceive this scenario as a buying opportunity, betting on a potential reversal in price as the market stabilizes or recovers.

Stocks: CMC SPY