(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 2024-06-06 View latest technical analysis
10 day averaged volume of Arcelormittal is 1461810
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 25.82 | 25.34 | 25.83 | 25.31 | 1.762 times |
| 05 Wed Jun 2024 | 25.50 | 25.47 | 25.57 | 25.28 | 1.559 times |
| 04 Tue Jun 2024 | 25.83 | 26.03 | 26.05 | 25.82 | 1.389 times |
| 03 Mon Jun 2024 | 26.72 | 26.42 | 26.73 | 26.39 | 1.879 times |
| 31 Fri May 2024 | 26.49 | 26.14 | 26.51 | 26.00 | 0.956 times |
| 30 Thu May 2024 | 25.94 | 25.65 | 25.97 | 25.64 | 0.869 times |
| 29 Wed May 2024 | 25.03 | 24.90 | 25.17 | 24.88 | 1.166 times |
| 28 Tue May 2024 | 25.79 | 25.96 | 26.05 | 25.73 | 0.689 times |
| 24 Fri May 2024 | 25.77 | 25.82 | 25.89 | 25.71 | 0.509 times |
| 23 Thu May 2024 | 25.54 | 25.86 | 25.88 | 25.42 | 0.426 times |
My analysis of stock is bearish for shortterm, and stock might move down till 25.5 or till 25. Use a stoploss of 25.9 and if the stock hits stoploss, then it can shoot up till 26.3
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 24.73 |
| Upside Target | 26.49 |
| Upside Target | 26.51 |
| Upside Target | 26.55 |
| Upside Target | 26.73 |
| Upside Target | 27.84 |
| Upside Target | 28.22 |
| Upside Target | 28.95 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 25.16 |
| Downside Intraday Target | 24.49 |
| Upside Intraday Target | 26.61 |
| Upside Intraday Target | 27.39 |
| Upside Intraday Target | 25.94 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 25.82 | 26.42 | 26.73 | 25.28 | 1.791 times |
| 31 Fri May 2024 | 26.49 | 25.96 | 26.51 | 24.88 | 1.335 times |
| 24 Fri May 2024 | 25.77 | 26.35 | 26.38 | 25.42 | 0.617 times |
| 17 Fri May 2024 | 26.44 | 25.79 | 26.49 | 25.68 | 0.902 times |
| 10 Fri May 2024 | 25.52 | 26.54 | 26.55 | 25.24 | 0.771 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 |
| 06 Thu Jun 2024 | 25.82 | 26.42 | 26.73 | 25.28 | 0.319 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 |
| 28 Thu Mar 2024 | 27.58 | 26.05 | 27.84 | 25.08 | 0.927 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 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 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 mid to longer 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.
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 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 but selling is losing 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 25.9 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 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.
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 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 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 mid to longer 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.
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 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 but selling is losing 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 25.9 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 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.