(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 2024-02-23 View latest technical analysis
10 day averaged volume of Arcelormittal is 1944740
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Fri Feb 2024 | 26.42 | 26.25 | 26.46 | 26.18 | 0.646 times |
| 22 Thu Feb 2024 | 26.16 | 26.58 | 26.61 | 26.15 | 0.88 times |
| 21 Wed Feb 2024 | 26.30 | 26.35 | 26.46 | 26.23 | 0.443 times |
| 20 Tue Feb 2024 | 26.32 | 26.35 | 26.53 | 26.23 | 1.244 times |
| 16 Fri Feb 2024 | 27.40 | 27.88 | 27.88 | 27.39 | 0.891 times |
| 15 Thu Feb 2024 | 27.21 | 27.08 | 27.32 | 27.07 | 0.849 times |
| 14 Wed Feb 2024 | 27.12 | 26.95 | 27.24 | 26.90 | 0.966 times |
| 13 Tue Feb 2024 | 26.96 | 27.34 | 27.50 | 26.74 | 1.254 times |
| 12 Mon Feb 2024 | 28.51 | 28.67 | 28.81 | 28.45 | 0.872 times |
| 09 Fri Feb 2024 | 28.90 | 28.55 | 28.95 | 28.47 | 0.957 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.6, but if it comes above 26.6, then a intra day buy could be more profitable.
If you take a sell trade below 26.6, then use 26.6 as stoploss and 25.8 as target. However if you take a buy trade in stock , then use 26.6 as stoploss and 27.38 as target.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 21.30 |
| Downside Target | 25.06 |
| Upside Target | 26.74 |
| Upside Target | 27.27 |
| Upside Target | 27.81 |
| Upside Target | 28.16 |
| Upside Target | 28.42 |
| Upside Target | 28.81 |
| Upside Target | 28.95 |
| Upside Target | 29.01 |
Intraday share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Intraday Target | 26.18 |
| Downside Intraday Target | 25.93 |
| Upside Intraday Target | 26.64 |
| Upside Intraday Target | 26.85 |
| Downside Intraday Target | 26.39 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Fri Feb 2024 | 26.42 | 26.35 | 26.61 | 26.15 | 0.665 times |
| 16 Fri Feb 2024 | 27.40 | 28.67 | 28.81 | 26.74 | 1.039 times |
| 09 Fri Feb 2024 | 28.90 | 26.93 | 28.95 | 26.63 | 1.213 times |
| 02 Fri Feb 2024 | 27.66 | 27.47 | 28.16 | 27.27 | 1.216 times |
| 26 Fri Jan 2024 | 27.59 | 26.76 | 27.81 | 26.59 | 0.974 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 |
| 23 Fri Feb 2024 | 26.42 | 27.63 | 28.95 | 26.15 | 0.942 times |
| 31 Wed Jan 2024 | 27.47 | 28.22 | 28.42 | 25.85 | 0.807 times |
| 29 Fri Dec 2023 | 28.39 | 25.22 | 29.01 | 25.13 | 0.843 times |
| 30 Thu Nov 2023 | 25.19 | 22.04 | 25.40 | 21.48 | 0.837 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is gaining 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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 27.16 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is gaining 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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 27.16 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.