ARCELORMITTAL S.A. NOUV. (ARRB.DE)
LU1598757687
We assign a technical rating of 3 out of 10 to ARRB. Although ARRB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month ARRB has a been trading in the 6.57 - 7.51 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that ARRB is one of the better performing stocks in the market, outperforming 89% of all stocks. However, we also see that ARRB couldn't keep up this performance in the last couple of months.
ARRB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARRB is lagging the market slightly.
ARRB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.59
7.49
When analyzing the support we notice one important area.
- A support zone ranging from 6.66 to 6.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @6.68 from a trend line in the daily time frame.
- A resistance zone ranging from 6.99 to 7.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.31 to 7.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.08
Mansfield-0.19
10 Day High7.4
10 Day Low6.57
20 Day High7.51
20 Day Low6.57
52 Week High8.84
52 Week Low3.8
Performance
1 Week-7.57%
2 Weeks-4.93%
1 Month-0.37%
3 Month-21.87%
6 Month1.17%
12 Month68.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)36.9
LBB6.62
UBB7.45
ARCELORMITTAL S.A. NOUV.
FRA:ARRB (5/17/2017, 5:35:31 PM)
6.667
-0.17 (-2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.46%
1 Week-7.57%
2 Weeks-4.93%
1 Month-0.37%
3 Month-21.87%
6 Month1.17%
12 Month68.74%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.28
ATR(20)%4.07%
ATR Inc
Range Today0.33
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High7.4
10 Day Low6.57
20 Day High7.51
20 Day Low6.57
52 Week High8.84
52 Week Low3.8
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume220.53K
Volume Incr68.48%
Vol(5)328.48K
Vol(50)163.73K