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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 2024-07-25 View latest technical analysis

10 day averaged volume of Arcelormittal is 1775880

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	22.51	22.30	22.73	22.23	0.95 times
24 Wed Jul 2024	22.24	22.75	22.90	22.23	1.018 times
23 Tue Jul 2024	22.54	22.32	22.57	22.24	1.069 times
22 Mon Jul 2024	22.94	22.94	23.00	22.67	0.851 times
19 Fri Jul 2024	22.55	22.87	22.88	22.52	0.846 times
18 Thu Jul 2024	22.82	23.25	23.28	22.76	0.95 times
17 Wed Jul 2024	23.25	23.23	23.46	23.18	0.943 times
16 Tue Jul 2024	23.13	22.70	23.18	22.64	1.104 times
15 Mon Jul 2024	23.44	23.69	23.81	23.42	1.08 times
12 Fri Jul 2024	23.56	23.47	23.65	23.47	0.914 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.6, but if it comes above 22.6, then a intra day buy could be more profitable.
If you take a sell trade below 22.6, then use 22.6 as stoploss and 22.1 as target. However if you take a buy trade in stock , then use 22.6 as stoploss and 22.93 as target.

Share price targets for Arcelormittal (MT)

Target Type	Value
Downside Target	22.23
Upside Target	23.81
Upside Target	24.73
Upside Target	24.88
Upside Target	25.08
Upside Target	26.55
Upside Target	26.73
Upside Target	27.84
Upside Target	28.22

Intraday share price targets for Arcelormittal (MT)

Target Type	Value
Downside Intraday Target	22.16
Downside Intraday Target	21.81
Upside Intraday Target	22.93
Upside Intraday Target	23.35
Upside Intraday Target	22.58

Weekly technical analysis of Arcelormittal (MT)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	22.51	22.94	23.00	22.23	0.79 times
19 Fri Jul 2024	22.55	23.69	23.81	22.52	1.206 times
12 Fri Jul 2024	23.56	23.16	23.65	22.34	4.108 times
05 Fri Jul 2024	23.24	23.34	23.48	23.15	0.571 times
03 Wed Jul 2024	23.29	23.22	23.46	22.67	0.337 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
25 Thu Jul 2024	22.51	23.22	23.81	22.23	0.67 times
28 Fri Jun 2024	22.93	26.42	26.73	22.66	1.369 times
31 Fri May 2024	26.49	25.05	26.55	24.88	0.857 times
30 Tue Apr 2024	25.01	27.74	28.22	24.73	1.131 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 to mid 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 mid to longer 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.

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.

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

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 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 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 22.9 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.