Technical Analysis for MT - Arcelor Mittal

Grade Last Price % Change Price Change
grade D 15.065 3.26% 0.48
MT closed up 0.21 percent on Friday, October 18, 2019, on 88 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical MT trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 3.26%
NR7 Range Contraction 3.26%
Stochastic Reached Overbought Strength 3.26%
Overbought Stochastic Strength 3.26%
50 DMA Support Bullish 5.20%
Spinning Top Other 5.20%
50 DMA Support Bullish 4.18%
Stochastic Reached Overbought Strength 4.18%
Overbought Stochastic Strength 4.18%
20 DMA Support Bullish 5.20%

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: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 27.29
52 Week Low 12.53
Average Volume 3,459,268
200-Day Moving Average 18.3785
50-Day Moving Average 14.3086
20-Day Moving Average 13.9155
10-Day Moving Average 14.024
Average True Range 0.5276
ADX 17.38
+DI 30.9304
-DI 27.4234
Chandelier Exit (Long, 3 ATRs ) 14.0822
Chandelier Exit (Short, 3 ATRs ) 14.3028
Upper Bollinger Band 15.1574
Lower Bollinger Band 12.6736
Percent B (%b) 0.77
BandWidth 17.849161
MACD Line -0.0911
MACD Signal Line -0.2436
MACD Histogram 0.1525
Fundamentals Value
Market Cap 14.88 Billion
Num Shares 1.02 Billion
EPS 3.18
Price-to-Earnings (P/E) Ratio 4.59
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) 14.95
Resistance 3 (R3) 14.96 14.86 14.89
Resistance 2 (R2) 14.86 14.76 14.85 14.87
Resistance 1 (R1) 14.72 14.71 14.67 14.71 14.85
Pivot Point 14.62 14.62 14.59 14.61 14.62
Support 1 (S1) 14.48 14.52 14.43 14.47 14.33
Support 2 (S2) 14.38 14.47 14.37 14.31
Support 3 (S3) 14.24 14.38 14.29
Support 4 (S4) 14.23