(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 2024-10-16 View latest technical analysis
10 day averaged volume of Arcelormittal is 1518930
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Wed Oct 2024 | 24.05 | 23.96 | 24.10 | 23.94 | 0.676 times |
| 15 Tue Oct 2024 | 23.78 | 23.99 | 24.10 | 23.75 | 0.819 times |
| 14 Mon Oct 2024 | 24.51 | 24.51 | 24.76 | 24.46 | 0.824 times |
| 11 Fri Oct 2024 | 24.85 | 24.65 | 24.95 | 24.65 | 1.383 times |
| 10 Thu Oct 2024 | 24.76 | 24.63 | 24.82 | 24.47 | 0.643 times |
| 09 Wed Oct 2024 | 24.62 | 24.58 | 24.76 | 24.53 | 0.54 times |
| 08 Tue Oct 2024 | 24.63 | 24.73 | 24.75 | 24.35 | 1.41 times |
| 07 Mon Oct 2024 | 25.48 | 25.29 | 25.59 | 25.19 | 0.75 times |
| 04 Fri Oct 2024 | 25.68 | 25.63 | 25.74 | 25.52 | 0.929 times |
| 03 Thu Oct 2024 | 25.42 | 25.58 | 25.67 | 25.38 | 1.138 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.2, but if it comes above 24.2, then a intra day buy could be more profitable.
If you take a sell trade below 24.2, then use 24.2 as stoploss and 23.3 as target. However if you take a buy trade in stock , then use 24.2 as stoploss and 24.99 as target.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 20.52 |
| Downside Target | 21.60 |
| Downside Target | 22.17 |
| Downside Target | 22.66 |
| Downside Target | 23.66 |
| Upside Target | 24.35 |
| Upside Target | 25.38 |
| Upside Target | 25.59 |
| Upside Target | 26.24 |
| Upside Target | 26.37 |
| Upside Target | 26.39 |
| Upside Target | 26.73 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 23.61 |
| Downside Intraday Target | 23.18 |
| Upside Intraday Target | 24.62 |
| Upside Intraday Target | 25.2 |
| Upside Intraday Target | 24.19 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Wed Oct 2024 | 24.05 | 24.51 | 24.76 | 23.75 | 0.491 times |
| 11 Fri Oct 2024 | 24.85 | 25.29 | 25.59 | 24.35 | 0.747 times |
| 04 Fri Oct 2024 | 25.68 | 26.16 | 26.39 | 25.38 | 1.21 times |
| 27 Fri Sep 2024 | 25.96 | 23.79 | 26.24 | 23.73 | 1.128 times |
| 20 Fri Sep 2024 | 23.97 | 22.88 | 24.48 | 22.78 | 0.896 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 |
| 16 Wed Oct 2024 | 24.05 | 26.23 | 26.37 | 23.75 | 0.585 times |
| 30 Mon Sep 2024 | 26.26 | 22.91 | 26.39 | 21.60 | 0.777 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 |
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 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 Strong and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 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 24.82 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 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 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 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 Strong and stock is losing momentum.
MACD generated a SELL signal for Arcelormittal in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 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 24.82 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.