(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 2024-01-24 View latest technical analysis
10 day averaged volume of Arcelormittal is 1406810
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Jan 2024 | 27.37 | 27.73 | 27.81 | 27.35 | 1.453 times |
| 23 Tue Jan 2024 | 27.00 | 27.00 | 27.22 | 26.89 | 0.723 times |
| 22 Mon Jan 2024 | 26.83 | 26.76 | 26.89 | 26.59 | 0.958 times |
| 19 Fri Jan 2024 | 26.56 | 26.51 | 26.61 | 26.27 | 0.694 times |
| 18 Thu Jan 2024 | 26.70 | 26.56 | 26.71 | 26.38 | 1.21 times |
| 17 Wed Jan 2024 | 26.06 | 25.95 | 26.12 | 25.85 | 1.413 times |
| 16 Tue Jan 2024 | 26.15 | 26.35 | 26.41 | 26.07 | 1.157 times |
| 12 Fri Jan 2024 | 26.65 | 26.83 | 27.02 | 26.63 | 0.922 times |
| 12 Fri Jan 2024 | 26.65 | 26.83 | 27.02 | 26.63 | 0.922 times |
| 11 Thu Jan 2024 | 26.68 | 26.87 | 26.95 | 26.50 | 0.989 times |
My analysis of stock is bullish for shortterm, and stock might move up till 28 or till 28.9. Use a stoploss of 27.28 and if this stock hits its stoploss, then it can fall down till 26.53
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 |
| Downside Target | 27.02 |
| Downside Target | 27.30 |
| Upside Target | 27.43 |
| Upside Target | 27.81 |
| 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 | 26.7 |
| Downside Intraday Target | 26.04 |
| Upside Intraday Target | 27.92 |
| Upside Intraday Target | 28.48 |
| Downside Intraday Target | 27.26 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Jan 2024 | 27.37 | 26.76 | 27.81 | 26.59 | 0.701 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 |
| 24 Wed Jan 2024 | 27.37 | 28.22 | 28.42 | 25.85 | 0.658 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 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 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 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 Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 26.66 and Arcelormittal (MT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Arcelormittal (MT) stock. Volume based technical analysis of Arcelormittal (MT) stock is negative.
Arcelormittal Stock is giving positive 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 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 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 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 Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 26.66 and Arcelormittal (MT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Arcelormittal (MT) stock. Volume based technical analysis of Arcelormittal (MT) stock is negative.
Arcelormittal Stock is giving positive 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.