(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 2024-03-20 View latest technical analysis
10 day averaged volume of Arcelormittal is 1599560
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Wed Mar 2024 | 27.02 | 26.40 | 27.14 | 26.39 | 0.899 times |
| 19 Tue Mar 2024 | 26.49 | 26.30 | 26.59 | 26.30 | 0.93 times |
| 18 Mon Mar 2024 | 26.45 | 26.78 | 26.79 | 26.39 | 1.158 times |
| 15 Fri Mar 2024 | 26.42 | 26.52 | 26.70 | 26.24 | 1.099 times |
| 14 Thu Mar 2024 | 26.41 | 26.86 | 26.89 | 26.26 | 1.106 times |
| 13 Wed Mar 2024 | 26.96 | 26.65 | 27.09 | 26.65 | 1.06 times |
| 12 Tue Mar 2024 | 27.05 | 27.02 | 27.07 | 26.71 | 1.452 times |
| 11 Mon Mar 2024 | 26.15 | 25.91 | 26.18 | 25.83 | 0.927 times |
| 08 Fri Mar 2024 | 26.09 | 26.23 | 26.28 | 26.03 | 0.634 times |
| 07 Thu Mar 2024 | 26.02 | 25.95 | 26.19 | 25.89 | 0.941 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.7, but if it comes below 26.7, then a intra day sell could be more profitable.
If you take a sell trade below 26.7, then use 26.7 as stoploss and 26.22 as target. However if you take a buy trade in stock , then use 26.7 as stoploss and 27.3 as target.
Share price targets for Arcelormittal (MT)
| Target Type | Value |
| Downside Target | 21.48 |
| Downside Target | 25.08 |
| Downside Target | 26.30 |
| Downside Target | 26.50 |
| Downside Target | 26.61 |
| Upside Target | 27.09 |
| Upside Target | 27.14 |
| 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 | 26.5 |
| Downside Intraday Target | 25.98 |
| Upside Intraday Target | 27.34 |
| Upside Intraday Target | 27.66 |
| Downside Intraday Target | 26.82 |
Weekly technical analysis of Arcelormittal (MT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Wed Mar 2024 | 27.02 | 26.78 | 27.14 | 26.30 | 0.529 times |
| 15 Fri Mar 2024 | 26.42 | 25.91 | 27.09 | 25.83 | 1.213 times |
| 08 Fri Mar 2024 | 26.09 | 25.75 | 26.28 | 25.08 | 1.14 times |
| 01 Fri Mar 2024 | 25.93 | 26.12 | 26.50 | 25.88 | 1.046 times |
| 23 Fri Feb 2024 | 26.42 | 26.35 | 26.61 | 26.15 | 0.665 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 |
| 20 Wed Mar 2024 | 27.02 | 26.05 | 27.14 | 25.08 | 0.667 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 |
| 29 Fri Dec 2023 | 28.39 | 25.22 | 29.01 | 25.13 | 0.843 times |
Scroll below to view daily charts
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)
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Arcelormittal ( (MT) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Arcelormittal ( (MT) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 26.55 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.
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Arcelormittal ( (MT) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Arcelormittal ( (MT) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Arcelormittal ( (MT) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 26.55 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.