(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 2024-05-22 View latest technical analysis
10 day averaged volume of Arcelormittal is 1219939
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 25.81 | 25.68 | 25.98 | 25.59 | 0.668 times |
| 21 Tue May 2024 | 26.19 | 26.04 | 26.22 | 25.97 | 0.82 times |
| 20 Mon May 2024 | 26.12 | 26.35 | 26.38 | 26.09 | 0.693 times |
| 17 Fri May 2024 | 26.44 | 26.28 | 26.47 | 26.20 | 0.678 times |
| 16 Thu May 2024 | 26.40 | 26.46 | 26.49 | 26.25 | 1.61 times |
| 15 Wed May 2024 | 25.91 | 26.06 | 26.12 | 25.76 | 0.929 times |
| 14 Tue May 2024 | 25.98 | 26.17 | 26.17 | 25.93 | 1.126 times |
| 13 Mon May 2024 | 25.72 | 25.79 | 25.83 | 25.68 | 1.007 times |
| 10 Fri May 2024 | 25.52 | 25.92 | 25.99 | 25.48 | 1.337 times |
| 09 Thu May 2024 | 25.49 | 25.37 | 25.59 | 25.35 | 0.943 times |
My analysis of stock is bullish for shortterm, and stock might move up till 26.2 or till 26.7. Use a stoploss of 25.77 and if this stock hits its stoploss, then it can fall down till 25.36
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 24.73 |
| Upside Target | 26.37 |
| Upside Target | 26.38 |
| Upside Target | 26.49 |
| Upside Target | 26.55 |
| Upside Target | 27.84 |
| Upside Target | 28.22 |
| Upside Target | 28.42 |
| Upside Target | 28.95 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 25.47 |
| Downside Intraday Target | 25.14 |
| Upside Intraday Target | 26.26 |
| Upside Intraday Target | 26.72 |
| Upside Intraday Target | 25.93 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 25.81 | 26.35 | 26.38 | 25.59 | 0.408 times |
| 17 Fri May 2024 | 26.44 | 25.79 | 26.49 | 25.68 | 0.902 times |
| 10 Fri May 2024 | 25.52 | 26.54 | 26.55 | 25.24 | 0.771 times |
| 03 Fri May 2024 | 26.22 | 25.50 | 26.37 | 25.00 | 1.448 times |
| 26 Fri Apr 2024 | 25.37 | 25.43 | 25.93 | 24.73 | 0.515 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 |
| 22 Wed May 2024 | 25.81 | 25.05 | 26.55 | 25.00 | 0.666 times |
| 30 Tue Apr 2024 | 25.01 | 27.74 | 28.22 | 24.73 | 1.131 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 |
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 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 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 to mid 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 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 BUY signal for Arcelormittal in short term but the buy 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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Arcelormittal in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 25.95 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 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 to mid 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 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 BUY signal for Arcelormittal in short term but the buy 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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Arcelormittal in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 25.95 and Arcelormittal (MT) stock is trading below this level. This means that stock is falling with high volumes. 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.