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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 2024-08-29 View latest technical analysis

10 day averaged volume of Arcelormittal is 1576090

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	23.51	23.37	23.60	23.29	0.915 times
28 Wed Aug 2024	23.36	23.41	23.55	23.27	0.962 times
27 Tue Aug 2024	23.47	23.52	23.53	23.20	0.978 times
26 Mon Aug 2024	23.39	23.43	23.55	23.39	0.675 times
23 Fri Aug 2024	23.33	23.02	23.39	22.94	0.822 times
22 Thu Aug 2024	22.96	23.18	23.18	22.87	0.631 times
21 Wed Aug 2024	23.40	23.19	23.42	23.16	1.273 times
20 Tue Aug 2024	22.82	22.88	22.98	22.75	0.992 times
19 Mon Aug 2024	23.01	22.81	23.09	22.79	1.94 times
16 Fri Aug 2024	22.29	22.09	22.35	22.09	0.693 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 23.2, but if it comes below 23.2, then a intra day sell could be more profitable.
If you take a sell trade below 23.2, then use 23.2 as stoploss and 22.41 as target. However if you take a buy trade in stock , then use 23.2 as stoploss and 24.2 as target.

Share price targets for Arcelormittal (MT)

Target Type	Value
Downside Target	20.52
Downside Target	21.03
Downside Target	21.46
Downside Target	22.15
Upside Target	23.60
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	23.27
Downside Intraday Target	23.04
Upside Intraday Target	23.67
Upside Intraday Target	23.84
Downside Intraday Target	23.44

Weekly technical analysis of Arcelormittal (MT)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	23.51	23.43	23.60	23.20	0.624 times
23 Fri Aug 2024	23.33	22.81	23.42	22.75	1.263 times
16 Fri Aug 2024	22.29	22.04	22.35	21.46	0.654 times
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

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
29 Thu Aug 2024	23.51	22.42	23.60	20.52	1.096 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 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 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 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 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 BUY. Signal strength is Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Arcelormittal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.17 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.