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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 2024-01-31 View latest technical analysis

10 day averaged volume of Arcelormittal is 1306450

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	27.47	28.08	28.16	27.47	1.195 times
30 Tue Jan 2024	27.73	27.31	27.81	27.30	1.158 times
29 Mon Jan 2024	27.61	27.47	27.65	27.27	0.579 times
26 Fri Jan 2024	27.59	27.68	27.80	27.51	0.495 times
25 Thu Jan 2024	27.57	27.56	27.65	27.32	0.822 times
24 Wed Jan 2024	27.37	27.73	27.81	27.35	1.565 times
23 Tue Jan 2024	27.00	27.00	27.22	26.89	0.778 times
22 Mon Jan 2024	26.83	26.76	26.89	26.59	1.032 times
19 Fri Jan 2024	26.56	26.51	26.61	26.27	0.747 times
18 Thu Jan 2024	26.70	26.56	26.71	26.38	1.303 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 27.7 as stoploss in an intra day sell trade for a target of 27.11. However, stock will show a bullish move above 27.7.

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	27.27
Downside Target	27.43
Upside Target	27.81
Upside Target	27.93
Upside Target	28.16
Upside Target	28.42
Upside Target	29.01

Intraday share price targets for Arcelormittal (MT)

Target Type	Value
Downside Intraday Target	27.11
Downside Intraday Target	26.74
Upside Intraday Target	28
Upside Intraday Target	28.52
Upside Intraday Target	27.63

Weekly technical analysis of Arcelormittal (MT)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	27.47	27.47	28.16	27.27	0.625 times
26 Fri Jan 2024	27.59	26.76	27.81	26.59	0.974 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

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
31 Wed Jan 2024	27.47	28.22	28.42	25.85	0.807 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 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 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 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 BUY signal for Arcelormittal in short term and the buy signal is strong.

Arcelormittal Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Arcelormittal in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 27.23 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.