(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 2024-05-29 View latest technical analysis
10 day averaged volume of Arcelormittal is 1033289
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Wed May 2024 | 25.03 | 24.90 | 25.17 | 24.88 | 1.649 times |
| 28 Tue May 2024 | 25.79 | 25.96 | 26.05 | 25.73 | 0.974 times |
| 24 Fri May 2024 | 25.77 | 25.82 | 25.89 | 25.71 | 0.72 times |
| 23 Thu May 2024 | 25.54 | 25.86 | 25.88 | 25.42 | 0.603 times |
| 22 Wed May 2024 | 25.81 | 25.68 | 25.98 | 25.59 | 0.788 times |
| 21 Tue May 2024 | 26.19 | 26.04 | 26.22 | 25.97 | 0.968 times |
| 20 Mon May 2024 | 26.12 | 26.35 | 26.38 | 26.09 | 0.819 times |
| 17 Fri May 2024 | 26.44 | 26.28 | 26.47 | 26.20 | 0.801 times |
| 16 Thu May 2024 | 26.40 | 26.46 | 26.49 | 26.25 | 1.901 times |
| 15 Wed May 2024 | 25.91 | 26.06 | 26.12 | 25.76 | 1.096 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 25, for a target of 25.4 or 25.81
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 | 24.59 |
| Downside Intraday Target | 24.15 |
| Upside Intraday Target | 25.76 |
| Upside Intraday Target | 26.49 |
| Upside Intraday Target | 25.32 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Wed May 2024 | 25.03 | 25.96 | 26.05 | 24.88 | 0.673 times |
| 24 Fri May 2024 | 25.77 | 26.35 | 26.38 | 25.42 | 0.617 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 |
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 |
| 29 Wed May 2024 | 25.03 | 25.05 | 26.55 | 24.88 | 0.782 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 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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
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 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 25.89 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 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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.
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 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 25.89 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.