(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 2024-09-04 View latest technical analysis
10 day averaged volume of Arcelormittal is 1455720
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Wed Sep 2024 | 22.05 | 22.08 | 22.29 | 22.00 | 1.109 times |
| 03 Tue Sep 2024 | 22.10 | 22.91 | 22.95 | 22.07 | 1.741 times |
| 30 Fri Aug 2024 | 23.62 | 23.62 | 23.66 | 23.39 | 0.743 times |
| 30 Fri Aug 2024 | 23.62 | 23.62 | 23.66 | 23.39 | 0.743 times |
| 29 Thu Aug 2024 | 23.51 | 23.37 | 23.60 | 23.29 | 0.991 times |
| 28 Wed Aug 2024 | 23.36 | 23.41 | 23.55 | 23.27 | 1.041 times |
| 27 Tue Aug 2024 | 23.47 | 23.52 | 23.53 | 23.20 | 1.059 times |
| 26 Mon Aug 2024 | 23.39 | 23.43 | 23.55 | 23.39 | 0.73 times |
| 23 Fri Aug 2024 | 23.33 | 23.02 | 23.39 | 22.94 | 0.89 times |
| 22 Thu Aug 2024 | 22.96 | 23.18 | 23.18 | 22.87 | 0.683 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 22 as stoploss in an intra day buy trade for a target of 22.73. However, stock will show a bearish move below 22.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 20.52 |
| Downside Target | 21.46 |
| Downside Target | 22.00 |
| Upside Target | 23.42 |
| Upside Target | 23.66 |
| Upside Target | 23.81 |
| Upside Target | 24.88 |
| Upside Target | 26.55 |
| Upside Target | 26.73 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 21.72 |
| Downside Intraday Target | 21.38 |
| Upside Intraday Target | 22.67 |
| Upside Intraday Target | 23.28 |
| Upside Intraday Target | 22.33 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Wed Sep 2024 | 22.05 | 22.91 | 22.95 | 22.00 | 3.837 times |
| 30 Fri Aug 2024 | 23.62 | 23.62 | 23.66 | 23.39 | 0.163 times |
| 30 Fri Aug 2024 | 23.62 | 23.43 | 23.66 | 23.20 | 0.745 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Arcelormittal (MT)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 04 Wed Sep 2024 | 22.05 | 22.91 | 22.95 | 22.00 | 0.102 times |
| 30 Fri Aug 2024 | 23.62 | 22.42 | 23.66 | 20.52 | 1.158 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 |
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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Arcelormittal in short term but the sell 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 but selling is losing 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 23.02 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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Arcelormittal in short term but the sell 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 but selling is losing 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 23.02 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.