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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 2024-04-09 View latest technical analysis

10 day averaged volume of Arcelormittal is 1545540

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	27.98	28.14	28.22	27.82	0.615 times
08 Mon Apr 2024	27.85	27.74	27.93	27.64	0.949 times
05 Fri Apr 2024	27.27	27.27	27.42	27.13	0.713 times
04 Thu Apr 2024	27.36	27.96	27.98	27.34	0.902 times
03 Wed Apr 2024	27.73	27.57	27.83	27.49	1.118 times
02 Tue Apr 2024	27.54	27.72	27.82	27.36	1.149 times
01 Mon Apr 2024	27.55	27.74	27.85	27.48	0.886 times
28 Thu Mar 2024	27.58	27.51	27.64	27.40	1.072 times
27 Wed Mar 2024	27.81	27.21	27.84	27.21	1.363 times
26 Tue Mar 2024	27.01	27.15	27.23	27.00	0.963 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 27.7, but if it comes below 27.7, then a intra day sell could be more profitable.
If you take a sell trade below 27.7, then use 27.7 as stoploss and 27.17 as target. However if you take a buy trade in stock , then use 27.7 as stoploss and 28.2 as target.

Share price targets for Arcelormittal (MT)

Target Type	Value
Downside Target	25.08
Downside Target	25.83
Downside Target	27.00
Downside Target	27.84
Downside Target	27.98
Upside Target	28.22
Upside Target	28.42
Upside Target	28.95
Upside Target	29.01

Intraday share price targets for Arcelormittal (MT)

Target Type	Value
Downside Intraday Target	27.67
Downside Intraday Target	27.37
Upside Intraday Target	28.25
Upside Intraday Target	28.53
Downside Intraday Target	27.95

Weekly technical analysis of Arcelormittal (MT)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	27.98	27.74	28.22	27.64	0.328 times
05 Fri Apr 2024	27.27	27.74	27.98	27.13	1.113 times
28 Thu Mar 2024	27.58	27.11	27.84	27.00	0.96 times
22 Fri Mar 2024	26.90	26.78	27.15	26.30	0.764 times
15 Fri Mar 2024	26.42	25.91	27.09	25.83	1.213 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
09 Tue Apr 2024	27.98	27.74	28.22	27.13	0.314 times
28 Thu Mar 2024	27.58	26.05	27.84	25.08	0.927 times
29 Thu Feb 2024	26.08	27.63	28.95	25.97	1.12 times
31 Wed Jan 2024	27.47	28.22	28.42	25.85	0.807 times

Scroll below to view daily charts

Price has moved up 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 27.57 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.