ARCEL.MITTAL - Daily - Technical analysis published on 08/16/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Additional analysis
Quotes
The ARCEL.MITTAL rating is 24.745 EUR. On the day, this instrument gained +2.59% and was between 24.240 EUR and 24.780 EUR. This implies that the price is at +2.08% from its lowest and at -0.14% from its highest.The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ARCEL.MITTAL:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARCEL.MITTAL in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 20.680 | 22.705 | 24.012 | 24.745 | 25.940 | 27.362 | 30.097 |
Change (%) | -16.43% | -8.24% | -2.96% | - | +4.83% | +10.58% | +21.63% |
Change | -4.065 | -2.040 | -0.733 | - | +1.195 | +2.617 | +5.352 |
Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.117 | 23.513 | 23.817 | 24.213 | 24.517 | 24.913 | 25.217 |
Camarilla | 23.928 | 23.992 | 24.056 | 24.120 | 24.184 | 24.248 | 24.313 |
Woodie | 23.070 | 23.490 | 23.770 | 24.190 | 24.470 | 24.890 | 25.170 |
Fibonacci | 23.513 | 23.781 | 23.946 | 24.213 | 24.481 | 24.646 | 24.913 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.585 | 23.255 | 23.860 | 24.530 | 25.135 | 25.805 | 26.410 |
Camarilla | 24.114 | 24.231 | 24.348 | 24.465 | 24.582 | 24.699 | 24.816 |
Woodie | 22.553 | 23.239 | 23.828 | 24.514 | 25.103 | 25.789 | 26.378 |
Fibonacci | 23.255 | 23.742 | 24.043 | 24.530 | 25.017 | 25.318 | 25.805 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.123 | 19.337 | 21.613 | 22.827 | 25.103 | 26.317 | 28.593 |
Camarilla | 22.930 | 23.250 | 23.570 | 23.890 | 24.210 | 24.530 | 24.850 |
Woodie | 18.655 | 19.603 | 22.145 | 23.093 | 25.635 | 26.583 | 29.125 |
Fibonacci | 19.337 | 20.670 | 21.494 | 22.827 | 24.160 | 24.984 | 26.317 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 59.76 | |
MACD (12,26,9): | 0.3650 | |
Directional Movement: | 7.424 | |
AROON (14): | 78.571 | |
DEMA (21): | 24.203 | |
Parabolic SAR (0,02-0,02-0,2): | 23.670 | |
Elder Ray (13): | 0.410 | |
Super Trend (3,10): | 22.840 | |
Zig ZAG (10): | 24.745 | |
VORTEX (21): | 1.1680 | |
Stochastique (14,3,5): | 70.48 | |
TEMA (21): | 24.927 | |
Williams %R (14): | -18.76 | |
Chande Momentum Oscillator (20): | 0.855 | |
Repulse (5,40,3): | 1.0180 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1460 | |
Courbe Coppock: | 12.97 |
MA7: | 24.508 | |
MA20: | 23.711 | |
MA50: | 23.529 | |
MA100: | 26.046 | |
MAexp7: | 24.399 | |
MAexp20: | 23.854 | |
MAexp50: | 24.172 | |
MAexp100: | 25.262 | |
Price / MA7: | +0.97% | |
Price / MA20: | +4.36% | |
Price / MA50: | +5.17% | |
Price / MA100: | -5.00% | |
Price / MAexp7: | +1.42% | |
Price / MAexp20: | +3.74% | |
Price / MAexp50: | +2.37% | |
Price / MAexp100: | -2.05% |
News
Don't forget to follow the news on ARCEL.MITTAL. At the time of publication of this analysis, the latest news was as follows:
- ArcelorMittal holds Investor Event
- ArcelorMittal publishes its 2016 Report on Payments to Governments in respect of Extractive Activities
- ArcelorMittal led consortium reaches agreement regarding Ilva lease and purchase agreement
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