(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 2024-07-30 View latest technical analysis
10 day averaged volume of Arcelormittal is 1675310
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 22.22 | 22.25 | 22.47 | 22.17 | 1.125 times |
| 29 Mon Jul 2024 | 22.60 | 22.61 | 22.66 | 22.38 | 1.052 times |
| 26 Fri Jul 2024 | 22.72 | 22.68 | 22.79 | 22.49 | 0.754 times |
| 25 Thu Jul 2024 | 22.51 | 22.30 | 22.73 | 22.23 | 1.007 times |
| 24 Wed Jul 2024 | 22.24 | 22.75 | 22.90 | 22.23 | 1.079 times |
| 23 Tue Jul 2024 | 22.54 | 22.32 | 22.57 | 22.24 | 1.133 times |
| 22 Mon Jul 2024 | 22.94 | 22.94 | 23.00 | 22.67 | 0.902 times |
| 19 Fri Jul 2024 | 22.55 | 22.87 | 22.88 | 22.52 | 0.897 times |
| 18 Thu Jul 2024 | 22.82 | 23.25 | 23.28 | 22.76 | 1.007 times |
| 17 Wed Jul 2024 | 23.25 | 23.23 | 23.46 | 23.18 | 0.999 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.5, but if it comes above 22.5, then a intra day buy could be more profitable.
If you take a sell trade below 22.5, then use 22.5 as stoploss and 22 as target. However if you take a buy trade in stock , then use 22.5 as stoploss and 22.87 as target.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 22.17 |
| Upside Target | 23.81 |
| Upside Target | 24.73 |
| Upside Target | 24.88 |
| Upside Target | 25.08 |
| Upside Target | 26.55 |
| Upside Target | 26.73 |
| Upside Target | 27.84 |
| Upside Target | 28.22 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 22.04 |
| Downside Intraday Target | 21.86 |
| Upside Intraday Target | 22.53 |
| Upside Intraday Target | 22.84 |
| Upside Intraday Target | 22.35 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 22.22 | 22.61 | 22.66 | 22.17 | 0.447 times |
| 26 Fri Jul 2024 | 22.72 | 22.94 | 23.00 | 22.23 | 0.934 times |
| 19 Fri Jul 2024 | 22.55 | 23.69 | 23.81 | 22.52 | 1.206 times |
| 12 Fri Jul 2024 | 23.56 | 23.16 | 23.65 | 22.34 | 4.108 times |
| 05 Fri Jul 2024 | 23.24 | 23.34 | 23.48 | 23.15 | 0.571 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 |
| 30 Tue Jul 2024 | 22.22 | 23.22 | 23.81 | 22.17 | 0.789 times |
| 28 Fri Jun 2024 | 22.93 | 26.42 | 26.73 | 22.66 | 1.369 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 |
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 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 short 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 short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining 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 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 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 22.62 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 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 short 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 short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining 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 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 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 22.62 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.