(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.
10 day averaged volume of Arcelormittal is 1963530
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Thu Apr 2024 | 25.22 | 24.85 | 25.32 | 24.73 | 0.748 times |
| 24 Wed Apr 2024 | 25.20 | 25.43 | 25.43 | 25.12 | 0.528 times |
| 23 Tue Apr 2024 | 25.19 | 25.31 | 25.32 | 25.00 | 0.774 times |
| 22 Mon Apr 2024 | 25.81 | 25.43 | 25.93 | 25.33 | 0.746 times |
| 19 Fri Apr 2024 | 25.39 | 25.31 | 25.44 | 25.21 | 0.687 times |
| 18 Thu Apr 2024 | 25.15 | 25.39 | 25.49 | 25.04 | 1.429 times |
| 17 Wed Apr 2024 | 25.11 | 25.36 | 25.39 | 24.96 | 1.237 times |
| 16 Tue Apr 2024 | 25.18 | 25.35 | 25.40 | 25.00 | 2.32 times |
| 15 Mon Apr 2024 | 26.95 | 27.39 | 27.42 | 26.86 | 0.741 times |
| 12 Fri Apr 2024 | 26.92 | 27.73 | 27.91 | 26.86 | 0.926 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 25.5, but if it comes above 25.5, then a intra day buy could be more profitable.
If you take a sell trade below 25.5, then use 25.5 as stoploss and 24.2 as target. However if you take a buy trade in stock , then use 25.5 as stoploss and 26.61 as target.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 24.73 |
| Upside Target | 25.85 |
| Upside Target | 26.86 |
| Upside Target | 27.84 |
| Upside Target | 27.98 |
| Upside Target | 28.22 |
| Upside Target | 28.42 |
| Upside Target | 28.95 |
| Upside Target | 29.01 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 24.66 |
| Downside Intraday Target | 24.09 |
| Upside Intraday Target | 25.86 |
| Upside Intraday Target | 26.49 |
| Upside Intraday Target | 25.29 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Thu Apr 2024 | 25.22 | 25.43 | 25.93 | 24.73 | 0.436 times |
| 19 Fri Apr 2024 | 25.39 | 27.39 | 27.42 | 24.96 | 1.942 times |
| 12 Fri Apr 2024 | 26.92 | 27.74 | 28.22 | 26.86 | 0.88 times |
| 05 Fri Apr 2024 | 27.27 | 27.74 | 27.98 | 27.13 | 1.113 times |
| 28 Thu Mar 2024 | 27.58 | 27.11 | 27.84 | 27.00 | 0.96 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 Apr 2024 | 25.22 | 27.74 | 28.22 | 24.73 | 1.024 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 |
| 31 Wed Jan 2024 | 27.47 | 28.22 | 28.42 | 25.85 | 0.807 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 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 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 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 moving up
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
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 25.52 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 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 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 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 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 moving up
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
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 25.52 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.