ARCELORMITTAL-NY REGISTERED (MT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MT - US03938L2034
Overall MT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MT is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, MT also shows a nice and consistent pattern of rising prices.
- MT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MT has a been trading in the 45.09 - 54.59 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MT has an average volume of 1342640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MT is part of the Metals & Mining industry. There are 155 other stocks in this industry, MT did better than 47% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
36.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 46.96 to 46.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.59 from a trend line in the daily time frame.
- Support @40.08 from a trend line in the weekly time frame.
- Support @36.74 from a trend 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 | UP | POSITIVE | The short term trend for MT is up. |
| ChartMill Relative Strength | 95.59 | POSITIVE | MT has a high relative strength, it outperformed 95.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MT is above the rising 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) | 82.61 | OVERBOUGHT | The high RSI value suggests MT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests MT has a positive trend. |
| Stochastics (14,3) | 93.62 | OVERBOUGHT | The high Stochastics value suggests MT may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MT suggests some volalility. |
| Average Directional Index/ADX (14) | 43.95 | POSITIVE | The high ADX value value for MT suggests a strong trend. |
54.3
+0.88 (+1.65%)
ARCELORMITTAL-NY REGISTERED / MT FAQ
What is the technical rating for MT stock?
ChartMill assigns a technical rating of 10 / 10 to MT.
What is the trend direction for MT stock?
The current trend direction for ARCELORMITTAL-NY REGISTERED (MT) is Bullish.
What is the RSI signal for ARCELORMITTAL-NY REGISTERED (MT) stock?
ARCELORMITTAL-NY REGISTERED (MT) has an RSI value of 82.6134. This indicates that the stock is currently overbought.
What is the buy/sell signal for ARCELORMITTAL-NY REGISTERED (MT) stock?
The buy/sell signal for ARCELORMITTAL-NY REGISTERED (MT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ARCELORMITTAL-NY REGISTERED?
ARCELORMITTAL-NY REGISTERED (MT) has a support level at 46.96. Check the full technical report for our detailed analysis of MT support and resistance levels.