Technical Analysis for MT - Arcelor Mittal

Grade Last Price % Change Price Change
D 26.45 0.11% 0.03
MT closed up 0.11 percent on Monday, March 18, 2024, on 1.2 times normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Gapped Up Strength 0.00%
Stochastic Sell Signal Bearish 0.11%
Cup with Handle Other 0.11%
Bollinger Band Squeeze Range Contraction 0.11%
BB Squeeze Started Range Contraction 0.11%
Overbought Stochastic Strength 0.11%
Fell Below 50 DMA Bearish 0.15%
Expansion Pivot Sell Setup Bearish Swing Setup 0.15%
Cup with Handle Other 0.15%

   Recent Intraday Alerts

Alert Time
Gap Up Closed about 11 hours ago
Reversed from Up about 11 hours ago
60 Minute Opening Range Breakdown about 11 hours ago
2x Volume Pace about 12 hours ago
1.5x Volume Pace about 12 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 Rebar Thermal Coal Cac 40 Ibex 35 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

Indicators

Indicator Value
52 Week High 29.8086
52 Week Low 21.086
Average Volume 1,547,971
200-Day Moving Average 25.93
50-Day Moving Average 26.87
20-Day Moving Average 26.17
10-Day Moving Average 26.21
Average True Range 0.51
RSI (14) 49.24
ADX 11.56
+DI 28.98
-DI 28.02
Chandelier Exit (Long, 3 ATRs) 26.34
Chandelier Exit (Short, 3 ATRs) 26.62
Upper Bollinger Bands 27.05
Lower Bollinger Band 25.30
Percent B (%b) 0.66
BandWidth 6.70
MACD Line -0.13
MACD Signal Line -0.23
MACD Histogram 0.1025
Fundamentals Value
Market Cap 21.5 Billion
Num Shares 813 Million
EPS 1.09
Price-to-Earnings (P/E) Ratio 24.27
Price-to-Sales 0.34
Price-to-Book 0.44
PEG Ratio 0.65
Dividend 0.50
Dividend Yield 1.89%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.05
Resistance 3 (R3) 27.10 26.94 26.95
Resistance 2 (R2) 26.94 26.79 26.92 26.92
Resistance 1 (R1) 26.70 26.70 26.62 26.65 26.88
Pivot Point 26.54 26.54 26.51 26.52 26.54
Support 1 (S1) 26.30 26.39 26.22 26.25 26.02
Support 2 (S2) 26.14 26.30 26.12 25.98
Support 3 (S3) 25.90 26.14 25.95
Support 4 (S4) 25.85