(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 2024-01-23 View latest technical analysis
10 day averaged volume of Arcelormittal is 1452450
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Tue Jan 2024 | 27.00 | 27.00 | 27.22 | 26.89 | 0.7 times |
| 22 Mon Jan 2024 | 26.83 | 26.76 | 26.89 | 26.59 | 0.928 times |
| 19 Fri Jan 2024 | 26.56 | 26.51 | 26.61 | 26.27 | 0.672 times |
| 18 Thu Jan 2024 | 26.70 | 26.56 | 26.71 | 26.38 | 1.172 times |
| 17 Wed Jan 2024 | 26.06 | 25.95 | 26.12 | 25.85 | 1.369 times |
| 16 Tue Jan 2024 | 26.15 | 26.35 | 26.41 | 26.07 | 1.12 times |
| 12 Fri Jan 2024 | 26.65 | 26.83 | 27.02 | 26.63 | 0.893 times |
| 12 Fri Jan 2024 | 26.65 | 26.83 | 27.02 | 26.63 | 0.893 times |
| 11 Thu Jan 2024 | 26.68 | 26.87 | 26.95 | 26.50 | 0.957 times |
| 10 Wed Jan 2024 | 27.19 | 27.16 | 27.28 | 26.98 | 0.981 times |
My analysis of stock is bearish for shortterm, and stock might move down till 26.5 or till 25.5. Use a stoploss of 27.35 and if the stock hits stoploss, then it can shoot up till 28.17
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 21.30 |
| Downside Target | 24.01 |
| Downside Target | 25.06 |
| Downside Target | 26.50 |
| Upside Target | 27.02 |
| Upside Target | 27.22 |
| Upside Target | 27.30 |
| Upside Target | 27.43 |
| Upside Target | 27.93 |
| Upside Target | 28.42 |
| Upside Target | 29.01 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 26.65 |
| Downside Intraday Target | 26.31 |
| Upside Intraday Target | 27.28 |
| Upside Intraday Target | 27.57 |
| Downside Intraday Target | 26.94 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Tue Jan 2024 | 27.00 | 26.76 | 27.22 | 26.59 | 0.376 times |
| 19 Fri Jan 2024 | 26.56 | 26.35 | 26.71 | 25.85 | 4.852 times |
| 12 Fri Jan 2024 | 26.65 | 26.83 | 27.02 | 26.63 | 0.194 times |
| 12 Fri Jan 2024 | 26.65 | 27.82 | 27.93 | 26.50 | 1.145 times |
| 05 Fri Jan 2024 | 27.79 | 28.22 | 28.42 | 27.30 | 5.555 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 |
| 23 Tue Jan 2024 | 27.00 | 28.22 | 28.42 | 25.85 | 0.603 times |
| 29 Fri Dec 2023 | 28.39 | 25.22 | 29.01 | 25.13 | 0.843 times |
| 30 Thu Nov 2023 | 25.19 | 22.04 | 25.40 | 21.48 | 0.837 times |
| 31 Tue Oct 2023 | 22.02 | 24.93 | 25.06 | 21.30 | 1.46 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term but the sell signal is initial and weak.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Arcelormittal in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying 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 26.61 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 positive
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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term but the sell signal is initial and weak.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Arcelormittal in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying 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 26.61 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.