ARCELORMITTAL-NY REGISTERED (MT) Technical Analysis
NYSE:MT • US03938L2034
Current stock price
MT Technical Rating and Analysis
Taking everything into account, MT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 93% of all stocks. We also observe that the gains produced by MT over the past year are nicely spread over this period.
- MT is one of the better performing stocks in the Metals & Mining industry, it outperforms 71% of 160 stocks in the same industry.
- MT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MT is lagging the market slightly.
- In the last month MT has a been trading in the 47.37 - 63.35 range, which is quite wide. It is currently trading near the high of this range.
- MT has an average volume of 1943130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MT Weekly and Daily overview Charts
MT Setup Rating and Analysis
Although MT has an excellent technical rating, it does not offer a high quality setup 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
MT Support and Resistance Analysis
48.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 59.44 to 59.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @49.80 from a trend line in the weekly time frame.
- Support @48.53 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @67.12 from a horizontal line in the daily time frame.
MT Technical Indicator Signal Analysis
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 | 93.14 | POSITIVE | MT has a high relative strength, it outperformed 93.14% 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) | 62.71 | NEUTRAL | The RSI value for MT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests MT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.58 | OVERBOUGHT | The high Stochastics value suggests MT may be overbought. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.86 | NEUTRAL | The ADX value for MT suggests a possible start of a new trend. |
MT Chart- and CandleStick Pattern Analysis
MT Technicals: Chart, Performance Metrics, Trend & Indicators
62.06
+2.28 (+3.81%)
ARCELORMITTAL-NY REGISTERED / MT TA 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.
Can you provide the RSI signal for ARCELORMITTAL-NY REGISTERED?
ARCELORMITTAL-NY REGISTERED (MT) has an RSI value of 62.7117. This indicates that the stock is currently neutral.
What is the short term momentum for MT stock?
The short term momentum for ARCELORMITTAL-NY REGISTERED (MT) is positive.
What is the buy/sell signal for MT stock?
The buy/sell signal for ARCELORMITTAL-NY REGISTERED (MT) is buy as both the short term and long term trends are positive.