(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 1742000
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Thu Apr 2024 | 25.15 | 25.39 | 25.49 | 25.04 | 1.611 times |
| 17 Wed Apr 2024 | 25.11 | 25.36 | 25.39 | 24.96 | 1.394 times |
| 16 Tue Apr 2024 | 25.18 | 25.35 | 25.40 | 25.00 | 2.615 times |
| 15 Mon Apr 2024 | 26.95 | 27.39 | 27.42 | 26.86 | 0.836 times |
| 12 Fri Apr 2024 | 26.92 | 27.73 | 27.91 | 26.86 | 1.043 times |
| 11 Thu Apr 2024 | 27.53 | 27.87 | 27.87 | 27.23 | 0.69 times |
| 10 Wed Apr 2024 | 27.62 | 27.57 | 27.74 | 27.39 | 0.602 times |
| 09 Tue Apr 2024 | 27.98 | 28.14 | 28.22 | 27.82 | 0.546 times |
| 08 Mon Apr 2024 | 27.85 | 27.74 | 27.93 | 27.64 | 0.842 times |
| 05 Fri Apr 2024 | 27.27 | 27.27 | 27.42 | 27.13 | 0.632 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 25.1, for a target of 26.2 or 27.05
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 24.96 |
| 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 | 24.27 |
| Downside Intraday Target | 23.38 |
| Upside Intraday Target | 26.73 |
| Upside Intraday Target | 28.3 |
| Upside Intraday Target | 25.84 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Thu Apr 2024 | 25.15 | 27.39 | 27.42 | 24.96 | 1.734 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 |
| 22 Fri Mar 2024 | 26.90 | 26.78 | 27.15 | 26.30 | 0.764 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 |
| 18 Thu Apr 2024 | 25.15 | 27.74 | 28.22 | 24.96 | 0.805 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 and selling is picking up 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 26.23 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 and selling is picking up 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 26.23 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.