(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 2024-02-14 View latest technical analysis
10 day averaged volume of Arcelormittal is 1835970
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Wed Feb 2024 | 27.12 | 26.95 | 27.24 | 26.90 | 1.023 times |
| 13 Tue Feb 2024 | 26.96 | 27.34 | 27.50 | 26.74 | 1.328 times |
| 12 Mon Feb 2024 | 28.51 | 28.67 | 28.81 | 28.45 | 0.924 times |
| 09 Fri Feb 2024 | 28.90 | 28.55 | 28.95 | 28.47 | 1.013 times |
| 08 Thu Feb 2024 | 28.66 | 28.13 | 28.77 | 28.03 | 1.743 times |
| 07 Wed Feb 2024 | 27.42 | 27.15 | 27.42 | 27.00 | 1.001 times |
| 06 Tue Feb 2024 | 27.38 | 27.18 | 27.48 | 27.16 | 0.571 times |
| 05 Mon Feb 2024 | 27.00 | 26.93 | 27.09 | 26.63 | 0.597 times |
| 02 Fri Feb 2024 | 27.66 | 27.69 | 27.83 | 27.56 | 1.053 times |
| 01 Thu Feb 2024 | 27.84 | 27.63 | 27.97 | 27.56 | 0.92 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 26.9 as stoploss in an intra day buy trade for a target of 27.49. However, stock will show a bearish move below 26.9.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 21.30 |
| Downside Target | 25.06 |
| Downside Target | 26.59 |
| Upside Target | 27.27 |
| Upside Target | 27.81 |
| Upside Target | 28.16 |
| Upside Target | 28.42 |
| Upside Target | 28.81 |
| Upside Target | 28.95 |
| Upside Target | 29.01 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 26.3 |
| Downside Intraday Target | 25.49 |
| Upside Intraday Target | 28.37 |
| Upside Intraday Target | 29.63 |
| Upside Intraday Target | 27.56 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Wed Feb 2024 | 27.12 | 28.67 | 28.81 | 26.74 | 0.665 times |
| 09 Fri Feb 2024 | 28.90 | 26.93 | 28.95 | 26.63 | 1.213 times |
| 02 Fri Feb 2024 | 27.66 | 27.47 | 28.16 | 27.27 | 1.216 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 |
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 |
| 14 Wed Feb 2024 | 27.12 | 27.63 | 28.95 | 26.63 | 0.622 times |
| 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 |
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. 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.
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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 27.82 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. 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.
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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 27.82 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. 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.