Technical Analysis for MT - Arcelor Mittal

Grade Last Price % Change Price Change
grade F 16.38 -2.85% -0.48
MT closed down 2.85 percent on Friday, May 17, 2019, on 1.67 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical MT trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -2.85%
Narrow Range Bar Range Contraction -2.85%
NR7 Range Contraction -2.85%

Older signals for MT ...

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Profile
ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. It produces a range of finished and semi-finished steel products. The company offers flat products, including sheet and plate products; and long products, such as bars, rods, and structural shapes, as well as produces pipes and tubes for various applications. ArcelorMittal sells its steel products primarily in local markets and through its centralized marketing organization in approximately 170 countries. The company provides its steel products to the automotive, appliance, engineering, construction, and machinery industries. It also produces various types of mining products, including iron ore lump, fines, concentrate, and sinter feed, as well as coking, PCI, and thermal coal. ArcelorMittal has iron ore mining activities in Algeria, Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine, and the United States; and coal mining activities in Kazakhstan, Russia, and the United States. The company was formerly known as Mittal Steel Company N.V. and changed its name to ArcelorMittal upon completing its merger with Arcelor in September 2007. The company was founded in 1976 and is headquartered in Luxembourg.
Mining Steel Steel Products Cac 40 Ibex 35 Economy Of Europe Plate Products Machinery Industries Semi Finished Steel Products
Is MT a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 35.53
52 Week Low 16.2
Average Volume 2,772,162
200-Day Moving Average 24.5093
50-Day Moving Average 21.1122
20-Day Moving Average 20.0585
10-Day Moving Average 18.228
Average True Range 0.6705
ADX 33.6
+DI 10.9612
-DI 51.0207
Chandelier Exit (Long, 3 ATRs ) 22.1785
Chandelier Exit (Short, 3 ATRs ) 18.2115
Upper Bollinger Band 24.3139
Lower Bollinger Band 15.8031
Percent B (%b) 0.07
BandWidth 42.429893
MACD Line -1.3966
MACD Signal Line -0.955
MACD Histogram -0.4416
Fundamentals Value
Market Cap 16.71 Billion
Num Shares 1.02 Billion
EPS 3.18
Price-to-Earnings (P/E) Ratio 5.15
Price-to-Sales 0.48
Price-to-Book 0.88
PEG Ratio 1.10
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.83
Resistance 3 (R3) 16.82 16.66 16.76
Resistance 2 (R2) 16.66 16.55 16.67 16.73
Resistance 1 (R1) 16.52 16.47 16.44 16.53 16.70
Pivot Point 16.36 16.36 16.32 16.37 16.36
Support 1 (S1) 16.22 16.25 16.14 16.23 16.06
Support 2 (S2) 16.06 16.17 16.07 16.03
Support 3 (S3) 15.92 16.06 16.01
Support 4 (S4) 15.93