ARCELORMITTAL-NY REGISTERED (MT) Stock Technical Analysis
NYSE:MT - New York Stock Exchange, Inc. - US03938L2034 - Currency: USD
Overall MT gets a technical rating of 5 out of 10. MT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
MT is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 60% are performing better than MT.
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.
MT has an average volume of 1900900 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 61% of them, which is more or less in line with the market.
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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
21.45
31.76
5 important support areas can be observed.
- A support zone ranging from 30.10 to 30.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.75 from a trend line in the weekly time frame.
- Support @24.58 from a trend line in the daily time frame.
- Support @22.94 from a trend line in the weekly time frame.
- A support zone ranging from 21.67 to 21.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.51 to 30.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @31.45 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MT is neutral. |
| ChartMill Relative Strength | 61.37 | NEUTRAL | MT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.64 | NEUTRAL | The RSI value for MT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MT has a negative trend. |
| Stochastics (14,3) | 36.79 | NEUTRAL | The Stochastics value for MT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for MT suggests some volalility. |
| Average Directional Index/ADX (14) | 7.73 | NEGATIVE | The low ADX value for MT 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)
30.11
-0.44 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.44%
1 Week-1.54%
2 Weeks0.5%
1 Month1.01%
3 Month-9.17%
6 Month19.06%
12 Month19.86%
2 Year10.13%
3 Year33.23%
5 Year180.62%
10 Year3.26%
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.07%
ATR Inc-17.09%
Range Today0.51
ADR(20)0.45
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.37
Mansfield1.18
10 Day High31.31
10 Day Low29.62
20 Day High31.62
20 Day Low29.62
52 Week High34.9
52 Week Low20.52
CS1 End29.96
CR1 Start30.61
Volume & EV
DER(3)-6.96%
DER(5)-3.49%
Volume1.31M
Volume Incr-6.68%
Vol(5)1.41M
Vol(50)1.90M