ARCELORMITTAL-NY REGISTERED (MT) Stock Technical Analysis
USA - NYSE:MT - US03938L2034
38.78 USD
+0.46 (+1.2%)
38.79 USD
+0.01 (+0.03%)
Taking everything into account, MT scores 10 out of 10 in our technical rating. 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 89% of all stocks. We also observe that the gains produced by MT over the past year are nicely spread over this period.
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.
MT has an average volume of 1492140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MT is an average performer in the Metals & Mining industry, it outperforms 43% of 156 stocks in the same industry.
In the last month MT has a been trading in the 35.14 - 41.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 37.86, a Stop Loss order could be placed below this zone.
More info and screens
29.66
39.17
We found 4 important support areas.
- A support zone ranging from 37.17 to 37.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 34.89 to 35.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.75 from a trend line in the weekly time frame.
- Support @29.96 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 | UP | POSITIVE | The short term trend for MT is up. |
| ChartMill Relative Strength | 89.7 | POSITIVE | MT has a high relative strength, it outperformed 89.7% 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) | 59.32 | NEUTRAL | The RSI value for MT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MT has a negative trend. |
| Stochastics (14,3) | 49.98 | NEUTRAL | The Stochastics value for MT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for MT suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 41.29 | 37.16 | 4.13 (10.00%) | 10.00% |
| An entry @41.29. This is a Buy Stop order right above the 10 day high. | An exit @37.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.13 points, which is 10.00%. | When investing 10.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
38.78
+0.46 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.2%
1 Week-1.87%
2 Weeks1.62%
1 Month11.53%
3 Month19.43%
6 Month42.42%
12 Month59.39%
2 Year76.11%
3 Year72.74%
5 Year185.15%
10 Year130.42%
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%2.83%
ATR Inc-36.93%
Range Today0.81
ADR(20)0.74
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.7
Mansfield1.97
10 Day High41.28
10 Day Low36.97
20 Day High41.28
20 Day Low35.14
52 Week High41.28
52 Week Low21.59
CS1 End37.86
CR1 StartN/A
Volume & EV
DER(3)2.23%
DER(5)1.38%
Volume1.62M
Volume Incr12.2%
Vol(5)1.49M
Vol(50)1.49M