Technical Analysis for MT - Arcelor Mittal

Grade Last Price % Change Price Change
D 22.83 -0.44% -0.10
MT closed down 0.44 percent on Monday, July 1, 2024, on 73 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Outside Day Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -0.44%
Narrow Range Bar Range Contraction -0.44%
Inside Day Range Contraction -0.44%
Gapped Up Strength -0.44%
Oversold Stochastic Weakness -0.44%
180 Bearish Setup Bearish Swing Setup 0.48%

   Recent Intraday Alerts

Alert Time
Outside Day about 8 hours ago
Fell Below Previous Day's Low about 8 hours ago
60 Minute Opening Range Breakdown about 10 hours ago
Gap Up Closed about 10 hours ago
Reversed from Up about 10 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 Cac 40 Rebar Thermal Coal 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 28.7301
52 Week Low 20.8825
Average Volume 1,617,919
200-Day Moving Average 25.34
50-Day Moving Average 25.01
20-Day Moving Average 24.19
10-Day Moving Average 23.37
Average True Range 0.51
RSI (14) 32.43
ADX 19.08
+DI 23.00
-DI 37.64
Chandelier Exit (Long, 3 ATRs) 25.19
Chandelier Exit (Short, 3 ATRs) 24.19
Upper Bollinger Bands 26.42
Lower Bollinger Band 21.96
Percent B (%b) 0.19
BandWidth 18.43
MACD Line -0.71
MACD Signal Line -0.60
MACD Histogram -0.1116
Fundamentals Value
Market Cap 18.56 Billion
Num Shares 813 Million
EPS 1.09
Price-to-Earnings (P/E) Ratio 20.94
Price-to-Sales 0.34
Price-to-Book 0.44
PEG Ratio 0.65
Dividend 0.50
Dividend Yield 2.19%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.57
Resistance 3 (R3) 23.62 23.43 23.44
Resistance 2 (R2) 23.43 23.25 23.41 23.40
Resistance 1 (R1) 23.13 23.13 23.04 23.08 23.36
Pivot Point 22.94 22.94 22.90 22.92 22.94
Support 1 (S1) 22.64 22.76 22.55 22.59 22.30
Support 2 (S2) 22.45 22.64 22.43 22.26
Support 3 (S3) 22.15 22.45 22.22
Support 4 (S4) 22.10