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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.

10 day averaged volume of Arcelormittal is 1438719

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 26.40 26.46 26.49 26.25 1.365 times
15 Wed May 2024 25.91 26.06 26.12 25.76 0.787 times
14 Tue May 2024 25.98 26.17 26.17 25.93 0.955 times
13 Mon May 2024 25.72 25.79 25.83 25.68 0.854 times
10 Fri May 2024 25.52 25.92 25.99 25.48 1.134 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 26.5, for a target of 26 or 25.62

Share price targets for Arcelormittal (MT)

Target Type Value
Downside Target 24.73
Downside Target 26.37
Upside Target 26.49
Upside Target 26.55
Upside Target 27.42
Upside Target 27.84
Upside Target 28.22
Upside Target 28.42
Upside Target 28.95

Intraday share price targets for Arcelormittal (MT)

Target Type Value
Downside Intraday Target 25.89
Downside Intraday Target 25.38
Upside Intraday Target 26.7
Upside Intraday Target 27
Downside Intraday Target 26.19

Weekly technical analysis of Arcelormittal (MT)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 26.40 25.79 26.49 25.68 0.787 times
10 Fri May 2024 25.52 26.54 26.55 25.24 0.771 times
03 Fri May 2024 26.22 25.50 26.37 25.00 1.448 times
26 Fri Apr 2024 25.37 25.43 25.93 24.73 0.515 times
19 Fri Apr 2024 25.39 27.39 27.42 24.96 1.942 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
16 Thu May 2024 26.40 25.05 26.55 25.00 0.567 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
29 Thu Feb 2024 26.08 27.63 28.95 25.97 1.17 times

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 35, 24, 20 Buy
MACD -0, -0Buy
Stochastics 68None
CCI 120Buy
RSI 42Sell
OBV 16407354Sell
VWAP 26Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 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 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 BUY. Signal strength is Weak and stock is gaining 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Arcelormittal in short term and BUY signal is strong.

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 25.88 and Arcelormittal (MT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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