Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of CMC will rise by +0.35% over the next 2 Weeks and hit $49.35 by Wednesday, July 9, 2025. In that time frame, CMC's share price is expected to range between $48.46 and $50.29.
BearishAverageBullishCMC shares rose +1.61% in Thursday, June 26, 2025's trading session, rising from a previous close of $49.18 to move at $49.97. The stock demonstrated notable intraday movement, fluctuating between $49.68 and $50.08, a +0.81% trading range. While recent weeks have seen some volatility, CMC has managed to secure a +2.88% gain over the past 2 weeks. The upward price movement was accompanied by decreased trading volume, with approximately 1.01M shares changing hands, 607.06K fewer than the previous session. This amounted to $50.35M in total market activity.
Will CMC Continue Its Upward Trend?
According to recent CMC stock projections, CMC shares are anticipated to increase by +0.64%, potentially reaching $50.29 per share by July 9, 2025. Short-term technical indicators currently suggest a neutral sentiment for CMC. However, the stock has recorded 17 positive trading days within the past 30 sessions. Based on the CMC stock forecast, now is a good time to buy CMC stock because its current trading price is +1.26% above our predicted value, hinting at a possible undervaluation.
CMC Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into CMC's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 56.42% to 57.57%) suggest the stock is in a neutral to slightly bearish momentum phase. The 50-day RSI, at 52.14%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 50.11%, maintains a neutral outlook for the long term.