ARCELORMITTAL-NY REGISTERED (MT) Technical Analysis
NYSE:MT • US03938L2034
Current stock price
MT Technical Rating and Analysis
Taking everything into account, MT scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month MT has a been trading in the 50.57 - 67.60 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.
- Looking at the yearly performance, MT did better than 89% of all other stocks. We also observe that the gains produced by MT over the past year are nicely spread over this period.
- MT has an average volume of 1939920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- MT is part of the Metals & Mining industry. There are 157 other stocks in this industry, MT did better than 48% of them.
- 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.
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
45.71
2 important support areas can be observed.
- A support zone ranging from 50.73 to 50.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.17 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 55.92 to 56.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @66.65 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 | DOWN | NEGATIVE | The short term trend for MT is down. |
| ChartMill Relative Strength | 89.98 | POSITIVE | MT has a high relative strength, it outperformed 89.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MT is below 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) | 34.78 | NEUTRAL | The RSI value for MT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.67 | NEGATIVE | The MACD value suggests MT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.8 | OVERSOLD | The low Stochastics value suggests MT may be oversold. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for MT suggests high volalility. |
| Average Directional Index/ADX (14) | 36.24 | POSITIVE | The high ADX value value for MT suggests a strong trend. |
MT Chart- and CandleStick Pattern Analysis
MT Technicals: Chart, Performance Metrics, Trend & Indicators
51.54
+0.8 (+1.58%)
ARCELORMITTAL-NY REGISTERED / MT TA FAQ
What is the technical rating for MT stock?
ChartMill assigns a technical rating of 7 / 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 34.7823. This indicates that the stock is currently neutral.
What is the buy/sell signal for ARCELORMITTAL-NY REGISTERED (MT) stock?
The buy/sell signal for ARCELORMITTAL-NY REGISTERED (MT) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for ARCELORMITTAL-NY REGISTERED?
ARCELORMITTAL-NY REGISTERED (MT) has a support level at 50.73 and a resistance level at 55.92. Check the full technical report for our detailed analysis of MT support and resistance levels.