Technical Analysis for MT - Arcelor Mittal

Grade Last Price % Change Price Change
grade D 21.83 0.14% 0.03
MT closed up 0.14 percent on Wednesday, January 16, 2019, on 73 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.

Earnings due: Jan 30

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

Date Alert Name Type % Chg
Jan 16 Narrow Range Bar Range Contraction 0.00%
Jan 16 NR7 Range Contraction 0.00%
Jan 16 Inside Day Range Contraction 0.00%
Jan 14 Overbought Stochastic Strength -1.18%
Jan 11 Stochastic Sell Signal Bearish -0.59%
Jan 11 Overbought Stochastic Strength -0.59%
Jan 10 Narrow Range Bar Range Contraction -2.59%
Jan 10 Weak + Overbought Other -2.59%
Jan 10 Overbought Stochastic Strength -2.59%
Jan 9 50 DMA Resistance Bearish -2.98%

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.
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, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 37.5
52 Week Low 19.5
Average Volume 2,659,691
200-Day Moving Average 28.9935
50-Day Moving Average 22.6338
20-Day Moving Average 21.2705
10-Day Moving Average 21.738
Average True Range 0.7229
ADX 17.89
+DI 26.5338
-DI 26.4735
Chandelier Exit (Long, 3 ATRs ) 20.8813
Chandelier Exit (Short, 3 ATRs ) 21.6687
Upper Bollinger Band 22.8413
Lower Bollinger Band 19.6997
Percent B (%b) 0.68
BandWidth 14.769752
MACD Line -0.1344
MACD Signal Line -0.3668
MACD Histogram 0.2324
Fundamentals Value
Market Cap 22.26 Billion
Num Shares 1.02 Billion
EPS 3.18
Price-to-Earnings (P/E) Ratio 6.86
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) 22.25
Resistance 3 (R3) 22.27 22.15 22.18
Resistance 2 (R2) 22.15 22.04 22.14 22.16
Resistance 1 (R1) 21.99 21.98 22.07 21.97 22.13
Pivot Point 21.87 21.87 21.91 21.86 21.87
Support 1 (S1) 21.71 21.76 21.79 21.69 21.53
Support 2 (S2) 21.59 21.70 21.58 21.50
Support 3 (S3) 21.43 21.59 21.48
Support 4 (S4) 21.41