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)

Londinia

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

72%

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

Comment on the analysis

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.

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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.

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:

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

The Central Indicators scanner found this result concerning these 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:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	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:

Daily

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

Weekly

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

Monthly

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:

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

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:

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

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