ARCEL.MITTAL
ARCEL.MITTAL
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MTS
ISIN: LU1598757687

ARCEL.MITTAL - Daily - Technical analysis published on 08/16/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 24.012 EUR
My targets
25.940 EUR (+4.83%)
27.362 EUR (+10.58%)
My analysis
The strong short-term increase in ARCEL.MITTAL calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 24.012 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 25.940 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 27.362 EUR as an objective. Crossing it would then enable buyers to target 30.097 EUR. Caution, a return under 24.012 EUR could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

24.240
24.780
24.745

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ARCEL.MITTAL:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.11723.51323.81724.21324.51724.91325.217
Camarilla23.92823.99224.05624.12024.18424.24824.313
Woodie23.07023.49023.77024.19024.47024.89025.170
Fibonacci23.51323.78123.94624.21324.48124.64624.913


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.58523.25523.86024.53025.13525.80526.410
Camarilla24.11424.23124.34824.46524.58224.69924.816
Woodie22.55323.23923.82824.51425.10325.78926.378
Fibonacci23.25523.74224.04324.53025.01725.31825.805


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.12319.33721.61322.82725.10326.31728.593
Camarilla22.93023.25023.57023.89024.21024.53024.850
Woodie18.65519.60322.14523.09325.63526.58329.125
Fibonacci19.33720.67021.49422.82724.16024.98426.317

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

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%

Quotes : - 15 min delayed data - Spain Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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