(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 2024-08-09 View latest technical analysis
10 day averaged volume of Arcelormittal is 2278110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 22.03 | 21.90 | 22.15 | 21.78 | 0.739 times |
| 08 Thu Aug 2024 | 21.82 | 21.76 | 21.91 | 21.66 | 0.667 times |
| 07 Wed Aug 2024 | 21.50 | 21.87 | 21.98 | 21.48 | 0.789 times |
| 06 Tue Aug 2024 | 21.42 | 21.23 | 21.57 | 21.14 | 0.947 times |
| 05 Mon Aug 2024 | 21.09 | 20.75 | 21.27 | 20.52 | 1.601 times |
| 02 Fri Aug 2024 | 21.10 | 21.33 | 21.38 | 21.03 | 1.112 times |
| 01 Thu Aug 2024 | 21.42 | 22.42 | 22.42 | 21.17 | 1.618 times |
| 31 Wed Jul 2024 | 22.86 | 22.72 | 23.08 | 22.57 | 1.11 times |
| 30 Tue Jul 2024 | 22.22 | 22.25 | 22.47 | 22.17 | 0.827 times |
| 29 Mon Jul 2024 | 22.60 | 22.61 | 22.66 | 22.38 | 0.774 times |
My analysis of stock is bearish for shortterm, and stock might move down till 21.6 or till 20.8. Use a stoploss of 22.31 and if the stock hits stoploss, then it can shoot up till 23.01
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 20.52 |
| Downside Target | 21.03 |
| Upside Target | 22.15 |
| Upside Target | 23.65 |
| Upside Target | 23.81 |
| Upside Target | 24.73 |
| Upside Target | 24.88 |
| Upside Target | 26.55 |
| Upside Target | 26.73 |
| Upside Target | 28.22 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 20.98 |
| Downside Intraday Target | 19.94 |
| Upside Intraday Target | 22.61 |
| Upside Intraday Target | 23.2 |
| Downside Intraday Target | 21.57 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 22.03 | 20.75 | 22.15 | 20.52 | 0.872 times |
| 02 Fri Aug 2024 | 21.10 | 22.61 | 23.08 | 21.03 | 1.518 times |
| 26 Fri Jul 2024 | 22.72 | 22.94 | 23.00 | 22.23 | 0.934 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 |
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 Fri Aug 2024 | 22.03 | 22.42 | 22.42 | 20.52 | 0.484 times |
| 31 Wed Jul 2024 | 22.86 | 23.22 | 23.81 | 22.17 | 0.85 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 |
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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red 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 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 21.72 and Arcelormittal (MT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red 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 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 21.72 and Arcelormittal (MT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.