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(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 2024-01-25 View latest technical analysis

10 day averaged volume of Arcelormittal is 1468660

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	27.57	27.56	27.65	27.32	0.731 times
24 Wed Jan 2024	27.37	27.73	27.81	27.35	1.392 times
23 Tue Jan 2024	27.00	27.00	27.22	26.89	0.692 times
22 Mon Jan 2024	26.83	26.76	26.89	26.59	0.918 times
19 Fri Jan 2024	26.56	26.51	26.61	26.27	0.665 times
18 Thu Jan 2024	26.70	26.56	26.71	26.38	1.159 times
17 Wed Jan 2024	26.06	25.95	26.12	25.85	1.353 times
16 Tue Jan 2024	26.15	26.35	26.41	26.07	1.108 times
12 Fri Jan 2024	26.65	26.83	27.02	26.63	0.883 times
12 Fri Jan 2024	26.65	26.83	27.02	26.63	0.883 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 27.9 as stoploss in an intra day sell trade for a target of 27.23. However, stock will show a bullish move above 27.9.

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
Downside 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	26.84
Downside Intraday Target	26.1
Upside Intraday Target	28.06
Upside Intraday Target	28.54
Downside Intraday Target	27.32

Weekly technical analysis of Arcelormittal (MT)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	27.57	26.76	27.81	26.59	0.871 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
25 Thu Jan 2024	27.57	28.22	28.42	25.85	0.687 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 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 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Arcelormittal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 26.72 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.