(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 2024-08-08 View latest technical analysis
10 day averaged volume of Arcelormittal is 2294950
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 21.82 | 21.76 | 21.91 | 21.66 | 0.662 times |
| 07 Wed Aug 2024 | 21.50 | 21.87 | 21.98 | 21.48 | 0.783 times |
| 06 Tue Aug 2024 | 21.42 | 21.23 | 21.57 | 21.14 | 0.94 times |
| 05 Mon Aug 2024 | 21.09 | 20.75 | 21.27 | 20.52 | 1.589 times |
| 02 Fri Aug 2024 | 21.10 | 21.33 | 21.38 | 21.03 | 1.104 times |
| 01 Thu Aug 2024 | 21.42 | 22.42 | 22.42 | 21.17 | 1.607 times |
| 31 Wed Jul 2024 | 22.86 | 22.72 | 23.08 | 22.57 | 1.102 times |
| 30 Tue Jul 2024 | 22.22 | 22.25 | 22.47 | 22.17 | 0.821 times |
| 29 Mon Jul 2024 | 22.60 | 22.61 | 22.66 | 22.38 | 0.768 times |
| 26 Fri Jul 2024 | 22.72 | 22.68 | 22.79 | 22.49 | 0.55 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 21.6 as stoploss in an intra day buy trade for a target of 22.39. However, stock will show a bearish move below 21.6.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 20.52 |
| Downside Target | 21.03 |
| Upside Target | 21.98 |
| Upside Target | 23.65 |
| Upside Target | 23.81 |
| Upside Target | 24.73 |
| Upside Target | 24.88 |
| Upside Target | 26.55 |
| Upside Target | 26.73 |
| Upside Target | 28.22 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 20.9 |
| Downside Intraday Target | 19.98 |
| Upside Intraday Target | 22.36 |
| Upside Intraday Target | 22.9 |
| Downside Intraday Target | 21.44 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 21.82 | 20.75 | 21.98 | 20.52 | 0.736 times |
| 02 Fri Aug 2024 | 21.10 | 22.61 | 23.08 | 21.03 | 1.518 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 |
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 |
| 08 Thu Aug 2024 | 21.82 | 22.42 | 22.42 | 20.52 | 0.436 times |
| 31 Wed Jul 2024 | 22.86 | 23.22 | 23.81 | 22.17 | 0.85 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 |
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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 in or above 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 21.75 and Arcelormittal (MT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 in or above 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 21.75 and Arcelormittal (MT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.