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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 2024-08-06 View latest technical analysis

10 day averaged volume of Arcelormittal is 2270130

Date Daily Closing Price Open High Low Volume
06 Tue Aug 2024 21.42 21.23 21.57 21.14 0.951 times
05 Mon Aug 2024 21.09 20.75 21.27 20.52 1.607 times
02 Fri Aug 2024 21.10 21.33 21.38 21.03 1.116 times
01 Thu Aug 2024 21.42 22.42 22.42 21.17 1.624 times
31 Wed Jul 2024 22.86 22.72 23.08 22.57 1.114 times
30 Tue Jul 2024 22.22 22.25 22.47 22.17 0.83 times
29 Mon Jul 2024 22.60 22.61 22.66 22.38 0.777 times
26 Fri Jul 2024 22.72 22.68 22.79 22.49 0.556 times
25 Thu Jul 2024 22.51 22.30 22.73 22.23 0.743 times
24 Wed Jul 2024 22.24 22.75 22.90 22.23 0.797 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.8, but if it comes above 21.8, then a intra day buy could be more profitable.
If you take a sell trade below 21.8, then use 21.8 as stoploss and 20.9 as target. However if you take a buy trade in stock , then use 21.8 as stoploss and 22.51 as target.

Share price targets for Arcelormittal (MT)

Target Type Value
Downside Target 20.52
Downside Target 21.03
Upside Target 21.57
Upside Target 22.17
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 20.77
Downside Intraday Target 20.12
Upside Intraday Target 21.82
Upside Intraday Target 22.22
Downside Intraday Target 21.17

Weekly technical analysis of Arcelormittal (MT)

Date Weekly Closing Price Open High Low Volume
06 Tue Aug 2024 21.42 20.75 21.57 20.52 0.468 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
06 Tue Aug 2024 21.42 22.42 22.42 20.52 0.342 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 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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 21.86 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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 21.86 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.

Daily charts

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Daily chart
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