Technical Analysis for MT - Arcelor Mittal

Grade Last Price % Change Price Change
B 27.84 -1.73% -0.49
MT closed down 1.73 percent on Friday, February 7, 2025, on 1.86 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Jack-in-the-Box Bullish Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Earnings Movers Other 0.00%
Inside Day Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Expansion Breakout Bullish Swing Setup -1.73%
Pocket Pivot Bullish Swing Setup -1.73%
Volume Surge Other -1.73%
New 52 Week High Strength -1.73%

   Recent Intraday Alerts

Alert Time
Down 2 % about 14 hours ago
Possible Inside Day about 16 hours ago
Fell Below Upper Bollinger Band about 17 hours ago
Down 1% about 17 hours ago
60 Minute Opening Range Breakdown about 18 hours ago

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Profile

Arcelor Mittal Description

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.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Mining Steel Steel Products Coal Mining Thermal Coal Cac 40 Rebar Plate Products Machinery Industries Mining 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

Comments

Indicators

Indicator Value
52 Week High 28.84
52 Week Low 20.3195
Average Volume 1,744,149
200-Day Moving Average 23.93
50-Day Moving Average 24.16
20-Day Moving Average 24.40
10-Day Moving Average 25.55
Average True Range 0.79
RSI (14) 71.83
ADX 23.28
+DI 53.09
-DI 18.58
Chandelier Exit (Long, 3 ATRs) 26.47
Chandelier Exit (Short, 3 ATRs) 23.96
Upper Bollinger Bands 27.57
Lower Bollinger Band 21.24
Percent B (%b) 1.04
BandWidth 25.94
MACD Line 0.87
MACD Signal Line 0.44
MACD Histogram 0.4282
Fundamentals Value
Market Cap 21.65 Billion
Num Shares 778 Million
EPS -1.32
Price-to-Earnings (P/E) Ratio -21.09
Price-to-Sales 0.29
Price-to-Book 0.34
PEG Ratio 0.66
Dividend 0.50
Dividend Yield 1.80%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.33
Resistance 3 (R3) 29.44 29.06 29.08
Resistance 2 (R2) 29.06 28.68 29.00 29.00
Resistance 1 (R1) 28.45 28.44 28.26 28.34 28.92
Pivot Point 28.06 28.06 27.97 28.01 28.06
Support 1 (S1) 27.45 27.68 27.26 27.34 26.76
Support 2 (S2) 27.07 27.45 27.01 26.68
Support 3 (S3) 26.46 27.07 26.60
Support 4 (S4) 26.35