ARCELORMITTAL-NY REGISTERED (MT)

US03938L2034

25.725  +0.36 (+1.4%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to MT. MT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

77% of all other stocks performed better in the past year than MT.
MT is one of the lesser performing stocks in the Metals & Mining industry. 67% of 154 stocks in the same industry do better.
MT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MT has an average volume of 1581780 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, the long term trend is neutral. Not much exciting going on here.
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.
Weekly and Daily overview Charts
MT Weekly chart
MT Daily chart
Setup Rating and Analysis

5

MT has a poor technical rating and the quality of the setup is also not perfect 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.

Support and Resistance Analysis

21.45

29.24

3 important support areas can be observed.

  • A support zone ranging from 25.11 to 25.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @22.53 from a trend line in the weekly time frame.
  • Support @21.67 from a horizontal line in the weekly time frame.

We can see 3 important resistance areas.

  • A resistance zone ranging from 26.48 to 26.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 27.81 to 28.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 28.86 to 28.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.82
Mansfield-1.26
10 Day High27.42
10 Day Low24.73
20 Day High28.22
20 Day Low24.73
52 Week High29.15
52 Week Low21.3
Performance
1 Week-0.08%
2 Weeks-5.76%
1 Month-8.01%
3 Month-8.05%
6 Month14.59%
12 Month-10.89%
2 Year-13.24%
3 Year-13.38%
5 Year16.16%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.16
RSI(14)38.29
LBB23.94
UBB28.15
MT Daily chart

ARCELORMITTAL-NY REGISTERED

NYSE:MT (4/29/2024, 10:20:55 AM)

25.725

+0.36 (+1.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.4%
1 Week-0.08%
2 Weeks-5.76%
1 Month-8.01%
3 Month-8.05%
6 Month14.59%
12 Month-10.89%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.64
ATR(20)%2.32%
ATR Inc
Range Today0.36
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High27.42
10 Day Low24.73
20 Day High28.22
20 Day Low24.73
52 Week High29.15
52 Week Low21.3
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume431.95K
Volume Incr-23.69%
Vol(5)1.30M
Vol(50)1.58M