(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 2024-02-15 View latest technical analysis
10 day averaged volume of Arcelormittal is 1867650
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Feb 2024 | 27.21 | 27.08 | 27.32 | 27.07 | 0.884 times |
| 14 Wed Feb 2024 | 27.12 | 26.95 | 27.24 | 26.90 | 1.006 times |
| 13 Tue Feb 2024 | 26.96 | 27.34 | 27.50 | 26.74 | 1.305 times |
| 12 Mon Feb 2024 | 28.51 | 28.67 | 28.81 | 28.45 | 0.908 times |
| 09 Fri Feb 2024 | 28.90 | 28.55 | 28.95 | 28.47 | 0.996 times |
| 08 Thu Feb 2024 | 28.66 | 28.13 | 28.77 | 28.03 | 1.714 times |
| 07 Wed Feb 2024 | 27.42 | 27.15 | 27.42 | 27.00 | 0.984 times |
| 06 Tue Feb 2024 | 27.38 | 27.18 | 27.48 | 27.16 | 0.561 times |
| 05 Mon Feb 2024 | 27.00 | 26.93 | 27.09 | 26.63 | 0.587 times |
| 02 Fri Feb 2024 | 27.66 | 27.69 | 27.83 | 27.56 | 1.035 times |
My analysis of stock is bearish for shortterm, and stock might move down till 26.9 or till 26.2. Use a stoploss of 27.52 and if the stock hits stoploss, then it can shoot up till 28.11
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 | 26.36 |
| Downside Intraday Target | 25.52 |
| Upside Intraday Target | 28.43 |
| Upside Intraday Target | 29.66 |
| Upside Intraday Target | 27.59 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Feb 2024 | 27.21 | 28.67 | 28.81 | 26.74 | 0.847 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 |
| 15 Thu Feb 2024 | 27.21 | 27.63 | 28.95 | 26.63 | 0.677 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 27.77 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 27.77 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.