(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 2024-06-17 View latest technical analysis
10 day averaged volume of Arcelormittal is 2138940
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Mon Jun 2024 | 23.61 | 23.40 | 23.61 | 23.18 | 0.95 times |
| 14 Fri Jun 2024 | 23.26 | 23.40 | 23.52 | 23.21 | 1.549 times |
| 13 Thu Jun 2024 | 23.99 | 24.18 | 24.21 | 23.81 | 0.564 times |
| 12 Wed Jun 2024 | 24.22 | 24.61 | 24.76 | 24.12 | 0.865 times |
| 11 Tue Jun 2024 | 24.47 | 24.44 | 24.55 | 24.29 | 0.776 times |
| 10 Mon Jun 2024 | 25.13 | 25.16 | 25.18 | 24.95 | 0.572 times |
| 07 Fri Jun 2024 | 25.12 | 25.25 | 25.46 | 25.06 | 1.17 times |
| 06 Thu Jun 2024 | 25.82 | 25.34 | 25.83 | 25.31 | 1.204 times |
| 05 Wed Jun 2024 | 25.50 | 25.47 | 25.57 | 25.28 | 1.066 times |
| 04 Tue Jun 2024 | 25.83 | 26.03 | 26.05 | 25.82 | 0.949 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 23.3, for a target of 24.4 or 25.32
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 23.18 |
| Upside Target | 24.73 |
| Upside Target | 25.97 |
| Upside Target | 26.38 |
| Upside Target | 26.51 |
| Upside Target | 26.55 |
| Upside Target | 26.73 |
| Upside Target | 27.84 |
| Upside Target | 28.22 |
| Upside Target | 28.95 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 23.32 |
| Downside Intraday Target | 23.04 |
| Upside Intraday Target | 23.75 |
| Upside Intraday Target | 23.9 |
| Downside Intraday Target | 23.47 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Mon Jun 2024 | 23.61 | 23.40 | 23.61 | 23.18 | 0.22 times |
| 14 Fri Jun 2024 | 23.26 | 25.16 | 25.18 | 23.21 | 0.763 times |
| 07 Fri Jun 2024 | 25.12 | 26.42 | 26.73 | 25.06 | 2.256 times |
| 31 Fri May 2024 | 26.49 | 25.96 | 26.51 | 24.88 | 1.335 times |
| 24 Fri May 2024 | 25.77 | 26.35 | 26.38 | 25.42 | 0.617 times |
Price has moved up 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 |
| 17 Mon Jun 2024 | 23.61 | 26.42 | 26.73 | 23.18 | 0.775 times |
| 31 Fri May 2024 | 26.49 | 25.05 | 26.55 | 24.88 | 0.857 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 |
Scroll below to view daily charts
Price has moved down 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 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 mid to longer 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.
ADX buy sell signal for Arcelormittal stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
Arcelormittal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Arcelormittal in short term but BUY signal is weak.
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 24.67 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Arcelormittal (MT) stock. Volume based technical analysis of Arcelormittal (MT) stock is negative.
Arcelormittal Stock has given negative 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 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 mid to longer 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.
ADX buy sell signal for Arcelormittal stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
Arcelormittal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Arcelormittal in short term but BUY signal is weak.
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 24.67 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Arcelormittal (MT) stock. Volume based technical analysis of Arcelormittal (MT) stock is negative.
Arcelormittal Stock has given negative 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.