(MT) Arcelormittal complete technical analysis [charts+indicators] | Buy/Sell Arcelormittal | (MT) share price targets
Complete technical analysis of Arcelormittal (MT) by charts plus indicators, forecast predictions and share price targets for Arcelormittal (MT)
Arcelormittal trades in USA in Basic Industries sector.
Showing technical analysis as on 2024-05-23 View latest technical analysis
10 day averaged volume of Arcelormittal is 1196969
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 25.54 | 25.86 | 25.88 | 25.42 | 0.521 times |
| 22 Wed May 2024 | 25.81 | 25.68 | 25.98 | 25.59 | 0.681 times |
| 21 Tue May 2024 | 26.19 | 26.04 | 26.22 | 25.97 | 0.836 times |
| 20 Mon May 2024 | 26.12 | 26.35 | 26.38 | 26.09 | 0.707 times |
| 17 Fri May 2024 | 26.44 | 26.28 | 26.47 | 26.20 | 0.691 times |
| 16 Thu May 2024 | 26.40 | 26.46 | 26.49 | 26.25 | 1.641 times |
| 15 Wed May 2024 | 25.91 | 26.06 | 26.12 | 25.76 | 0.946 times |
| 14 Tue May 2024 | 25.98 | 26.17 | 26.17 | 25.93 | 1.147 times |
| 13 Mon May 2024 | 25.72 | 25.79 | 25.83 | 25.68 | 1.027 times |
| 10 Fri May 2024 | 25.52 | 25.92 | 25.99 | 25.48 | 1.363 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 25.4 as stoploss in an intra day buy trade for a target of 25.78. However, stock will show a bearish move below 25.4.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 24.73 |
| Upside Target | 26.37 |
| Upside Target | 26.38 |
| Upside Target | 26.49 |
| Upside Target | 26.55 |
| Upside Target | 27.84 |
| Upside Target | 28.22 |
| Upside Target | 28.42 |
| Upside Target | 28.95 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 25.18 |
| Downside Intraday Target | 24.82 |
| Upside Intraday Target | 26.14 |
| Upside Intraday Target | 26.74 |
| Upside Intraday Target | 25.78 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 25.54 | 26.35 | 26.38 | 25.42 | 0.503 times |
| 17 Fri May 2024 | 26.44 | 25.79 | 26.49 | 25.68 | 0.902 times |
| 10 Fri May 2024 | 25.52 | 26.54 | 26.55 | 25.24 | 0.771 times |
| 03 Fri May 2024 | 26.22 | 25.50 | 26.37 | 25.00 | 1.448 times |
| 26 Fri Apr 2024 | 25.37 | 25.43 | 25.93 | 24.73 | 0.515 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Arcelormittal (MT)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 25.54 | 25.05 | 26.55 | 25.00 | 0.684 times |
| 30 Tue Apr 2024 | 25.01 | 27.74 | 28.22 | 24.73 | 1.131 times |
| 28 Thu Mar 2024 | 27.58 | 26.05 | 27.84 | 25.08 | 0.927 times |
| 29 Thu Feb 2024 | 26.08 | 27.63 | 28.95 | 25.97 | 1.12 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Arcelormittal (MT)
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Arcelormittal ( (MT) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Arcelormittal ( (MT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Arcelormittal stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Arcelormittal in short term but the buy signal is initial and weak.
Arcelormittal Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Arcelormittal in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Arcelormittal is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 25.98 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
People seem to be coming out and selling the Arcelormittal (MT) stock. Volume based technical analysis of Arcelormittal (MT) stock is negative.
Arcelormittal Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Arcelormittal ( (MT) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Arcelormittal ( (MT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Arcelormittal stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Arcelormittal in short term but the buy signal is initial and weak.
Arcelormittal Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Arcelormittal in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Arcelormittal is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 25.98 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
People seem to be coming out and selling the Arcelormittal (MT) stock. Volume based technical analysis of Arcelormittal (MT) stock is negative.
Arcelormittal Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.