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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 1497730

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 27.81 27.21 27.84 27.21 1.406 times
26 Tue Mar 2024 27.01 27.15 27.23 27.00 0.993 times
25 Mon Mar 2024 27.09 27.11 27.32 27.09 0.914 times
22 Fri Mar 2024 26.90 27.10 27.15 26.90 0.621 times
21 Thu Mar 2024 26.91 27.02 27.11 26.88 0.795 times
20 Wed Mar 2024 27.02 26.40 27.14 26.39 0.96 times
19 Tue Mar 2024 26.49 26.30 26.59 26.30 0.994 times
18 Mon Mar 2024 26.45 26.78 26.79 26.39 1.236 times
15 Fri Mar 2024 26.42 26.52 26.70 26.24 1.174 times
14 Thu Mar 2024 26.41 26.86 26.89 26.26 1.181 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 27.9, for a target of 27.1 or 26.45

Share price targets for Arcelormittal (MT)

Target Type Value
Downside Target 21.48
Downside Target 25.08
Downside Target 26.50
Downside Target 27.00
Downside Target 27.09
Downside Target 27.15
Upside Target 27.84
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 27.26
Downside Intraday Target 26.71
Upside Intraday Target 28.1
Upside Intraday Target 28.39
Downside Intraday Target 27.55

Weekly technical analysis of Arcelormittal (MT)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 27.81 27.11 27.84 27.00 0.719 times
22 Fri Mar 2024 26.90 26.78 27.15 26.30 0.764 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

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
27 Wed Mar 2024 27.81 26.05 27.84 25.08 0.878 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Arcelormittal in short term and the buy signal is strong.

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 BUY signal in short term and the buying is gaining 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 26.86 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Arcelormittal in short term and the buy signal is strong.

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 BUY signal in short term and the buying is gaining 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 26.86 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 positive

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

Daily charts

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Daily chart
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