ARCELORMITTAL-NY REGISTERED (MT) Technical Analysis
NYSE:MT • US03938L2034
Current stock price
MT Technical Rating and Analysis
Overall MT gets a technical rating of 5 out of 10. In the last year, MT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month MT has a been trading in the 47.37 - 67.60 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, MT did better than 88% of all other stocks. On top of that, MT also shows a nice and consistent pattern of rising prices.
- MT has an average volume of 1969420 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 159 other stocks in this industry, MT did better than 56% 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
MT has an average technical rating and it also 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
46.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.75 to 47.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.17 to 53.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 88.1 | POSITIVE | MT has a high relative strength, it outperformed 88.1% 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) | DOWN | NEGATIVE | The current price of MT is below a declining 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) | 29.49 | OVERSOLD | The low RSI value suggests MT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.35 | NEGATIVE | The MACD value suggests MT has a negative trend. |
| Stochastics (14,3) | 6.55 | OVERSOLD | The low Stochastics value suggests MT may be oversold. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for MT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.18 | 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
47.76
-2.22 (-4.44%)
ARCELORMITTAL-NY REGISTERED / MT TA FAQ
What is the technical rating for MT stock?
ChartMill assigns a technical rating of 5 / 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 29.486. This indicates that the stock is currently oversold.
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 47.75 and a resistance level at 52.17. Check the full technical report for our detailed analysis of MT support and resistance levels.