Technical Analysis for MTCN - ArcelorMittal 5.50% Mandatorily Convertible Subordinated Notes due 2023

Grade Last Price % Change Price Change
grade B 29.76 2.87% 0.83
MTCN closed up 2.87 percent on Friday, July 10, 2020, on 11 percent of normal volume. 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 N/A N/A Up
Historical MTCN trend table...

Date Alert Name Type % Chg
Overbought Stochastic Strength 0.00%
Stochastic Sell Signal Bearish 2.87%
Overbought Stochastic Strength 2.87%
Down 3 Days in a Row Weakness 2.87%
Gapped Down Weakness 2.87%
Calm After Storm Range Contraction 0.64%
Narrow Range Bar Range Contraction 0.64%
Overbought Stochastic Strength 0.64%
Calm After Storm Range Contraction 0.24%
Narrow Range Bar Range Contraction 0.24%

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Profile

ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA, Europe, Brazil, ACIS, Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate. The Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The Brazil segment covers wire rod, bar and rebars, billets, blooms, and wire drawing. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The Others segment represents the corporate and shared services, financial activities, and shipping and logistics. The company was founded by Lakshmi N Mittal in 1976 and is headquartered in Luxembourg.
Mining Steel Building Materials Industrial Processes Metals Cac 40 Metal Forming Rebar Ibex 35 Tubular Products Arcelormittal

Is MTCN 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 31.935
52 Week Low 25.37
Average Volume 285,890
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 28.49
10-Day Moving Average 28.86
Average True Range 1.34
ADX 7.59
+DI 29.63
-DI 27.12
Chandelier Exit (Long, 3 ATRs ) 26.21
Chandelier Exit (Short, 3 ATRs ) 29.87
Upper Bollinger Band 30.27
Lower Bollinger Band 26.72
Percent B (%b) 0.86
BandWidth 12.46
MACD Line 0.26
MACD Signal Line 0.07
MACD Histogram 0.1901
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.11
Resistance 3 (R3) 30.99 30.42 30.89
Resistance 2 (R2) 30.42 30.08 30.48 30.81
Resistance 1 (R1) 30.09 29.86 30.26 30.21 30.73
Pivot Point 29.52 29.52 29.60 29.58 29.52
Support 1 (S1) 29.19 29.18 29.36 29.31 28.79
Support 2 (S2) 28.62 28.96 28.68 28.71
Support 3 (S3) 28.29 28.62 28.64
Support 4 (S4) 28.41