ARCELORMITTAL-NY REGISTERED (MT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MT - US03938L2034
We assign a technical rating of 10 out of 10 to MT. 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 94% of all stocks. We also observe that the gains produced by MT over the past year are nicely spread over this period.
- A new 52 week high is currently being made by MT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MT has a been trading in the 44.51 - 49.33 range, which is quite wide. It is currently trading near the high of this range.
- MT has an average volume of 1331840 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 50% of 157 stocks in the same industry.
Besides having an excellent technical rating, MT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.32
When analyzing the support we can see 4 important areas.
- A support zone ranging from 46.50 to 47.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.64 from a horizontal line in the daily time frame.
- Support @42.08 from a trend line in the daily time frame.
- A support zone ranging from 39.72 to 40.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 94.45 | POSITIVE | MT has a high relative strength, it outperformed 94.45% 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) | 66.06 | NEUTRAL | The RSI value for MT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.45 | OVERBOUGHT | The high Stochastics value suggests MT may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for MT suggests low volalility. |
| Average Directional Index/ADX (14) | 37.06 | POSITIVE | The high ADX value value for MT suggests a strong trend. |
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 |
|---|---|---|---|
| 49.34 | 46.49 | 2.85 (5.78%) | 17.31% |
| An entry @49.34. This is a Buy Stop order right above the 10 day high. | An exit @46.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.85 points, which is 5.78%. | For a 1.00% total portfolio risk, you can invest 17.31% of your capital in this trade. |
- 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.
48.41
-0.63 (-1.28%)
ARCELORMITTAL-NY REGISTERED / MT 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.
What is the RSI signal for ARCELORMITTAL-NY REGISTERED (MT) stock?
ARCELORMITTAL-NY REGISTERED (MT) has an RSI value of 66.0614. 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 buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ARCELORMITTAL-NY REGISTERED?
ARCELORMITTAL-NY REGISTERED (MT) has a support level at 47.68. Check the full technical report for our detailed analysis of MT support and resistance levels.