(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 2024-06-24 View latest technical analysis
10 day averaged volume of Arcelormittal is 2010730
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Mon Jun 2024 | 23.67 | 23.94 | 24.08 | 23.67 | 0.967 times |
| 21 Fri Jun 2024 | 23.65 | 23.44 | 23.66 | 23.28 | 1.267 times |
| 20 Thu Jun 2024 | 24.00 | 23.85 | 24.10 | 23.80 | 1.039 times |
| 18 Tue Jun 2024 | 23.89 | 23.62 | 23.94 | 23.59 | 1.041 times |
| 18 Tue Jun 2024 | 23.89 | 23.62 | 23.94 | 23.59 | 1.041 times |
| 17 Mon Jun 2024 | 23.61 | 23.40 | 23.61 | 23.18 | 1.011 times |
| 14 Fri Jun 2024 | 23.26 | 23.40 | 23.52 | 23.21 | 1.648 times |
| 13 Thu Jun 2024 | 23.99 | 24.18 | 24.21 | 23.81 | 0.6 times |
| 12 Wed Jun 2024 | 24.22 | 24.61 | 24.76 | 24.12 | 0.921 times |
| 11 Tue Jun 2024 | 24.47 | 24.44 | 24.55 | 24.29 | 0.826 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.8, but if it comes above 23.8, then a intra day buy could be more profitable.
If you take a sell trade below 23.8, then use 23.8 as stoploss and 22.5 as target. However if you take a buy trade in stock , then use 23.8 as stoploss and 24.8 as target.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 23.18 |
| Upside Target | 24.73 |
| Upside Target | 25.08 |
| Upside Target | 25.18 |
| Upside Target | 25.97 |
| 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 | 23.53 |
| Downside Intraday Target | 23.4 |
| Upside Intraday Target | 23.94 |
| Upside Intraday Target | 24.22 |
| Upside Intraday Target | 23.81 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Mon Jun 2024 | 23.67 | 23.94 | 24.08 | 23.67 | 0.289 times |
| 21 Fri Jun 2024 | 23.65 | 23.62 | 24.10 | 23.28 | 1.631 times |
| 18 Tue Jun 2024 | 23.89 | 23.40 | 23.94 | 23.18 | 0.446 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 |
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 |
| 24 Mon Jun 2024 | 23.67 | 26.42 | 26.73 | 23.18 | 1.131 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Arcelormittal ( (MT) ) based on a short 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.
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 Weak and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
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 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 and selling is picking up 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 23.8 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Arcelormittal ( (MT) ) based on a short 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.
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 Weak and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
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 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 and selling is picking up 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 23.8 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.