ARCELORMITTAL (MT.AS) Stock Technical Analysis
AMS:MT - Euronext Amsterdam - LU1598757687 - Common Stock - Currency: EUR
Overall MT gets a technical rating of 4 out of 10. In the last year, MT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
MT has an average volume of 2410780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MT outperforms 67% of them, which is more or less in line with the market.
MT is an average performer in the Metals & Mining industry, it outperforms 69% of 37 stocks in the same industry.
MT 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 MT is lagging the market slightly.
Although the technical rating is only medium, MT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 26.45, a Stop Loss order could be placed below this zone.
More info and screens
22.19
28.45
3 important support areas can be observed.
- A support zone ranging from 26.22 to 26.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.41 from a trend line in the weekly time frame.
- A support zone ranging from 22.41 to 22.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.01 to 27.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @28.17 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MT.AS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MT.AS is neutral. |
| ChartMill Relative Strength | 67.11 | NEUTRAL | MT.AS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MT.AS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MT.AS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MT.AS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.75 | NEUTRAL | The RSI value for MT.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests MT.AS has a negative trend. |
| Stochastics (14,3) | 44.86 | NEUTRAL | The Stochastics value for MT.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MT.AS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.61 | NEGATIVE | The low ADX value for MT.AS suggests a weak or negative trend. |
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)
AMS:MT (5/30/2025, 7:00:00 PM)
26.72
-0.14 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.52%
1 Week1.02%
2 Weeks-2.34%
1 Month-1.33%
3 Month-2.62%
6 Month12.08%
12 Month10.6%
2 Year15.02%
3 Year-10.8%
5 Year210.52%
10 Year-8.16%
15 Year-62.29%
Volatility
ATR(14)0.71
ATR(20)%2.74%
ATR Inc-19.01%
Range Today0.41
ADR(20)0.63
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.11
Mansfield0.93
10 Day High27.79
10 Day Low25.71
20 Day High28.41
20 Day Low25.71
52 Week High32.18
52 Week Low18.43
CS1 End26.45
CR1 Start27.01
Volume & EV
DER(3)-1.04%
DER(5)1.59%
Volume2.01M
Volume Incr-13.35%
Vol(5)1.53M
Vol(50)2.41M