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 - 1H - Technical analysis published on 11/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 23.34 EUR

My targets

24.34 EUR (+2.35%)

25.50 EUR (+7.23%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARCEL.MITTAL as long as the price remains well above 23.34 EUR. The buyers' bullish objective is set at 24.34 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.50 EUR. If there is any crossing, the next objective would be the resistance located at 26.31 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 23.78 EUR. On the day, this instrument gained +3.21% and was between 23.18 EUR and 23.78 EUR. This implies that the price is at +2.59% from its lowest and at 0% from its highest.

23.18

23.78

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ARCEL.MITTAL chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.81	23.10	23.34	23.78	24.34	25.50	26.31
Change (%)	-4.08%	-2.86%	-1.85%	-	+2.35%	+7.23%	+10.64%
Change	-0.97	-0.68	-0.44	-	+0.56	+1.72	+2.53
Level	Minor	Major	Intermediate	-	Intermediate	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	22.53	22.65	22.84	22.96	23.15	23.27	23.46
Camarilla	22.96	22.98	23.01	23.04	23.07	23.10	23.13
Woodie	22.58	22.67	22.89	22.98	23.20	23.29	23.51
Fibonacci	22.65	22.77	22.84	22.96	23.08	23.15	23.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.46	21.97	22.33	22.84	23.20	23.71	24.07
Camarilla	22.46	22.54	22.62	22.70	22.78	22.86	22.94
Woodie	21.40	21.93	22.27	22.80	23.14	23.67	24.01
Fibonacci	21.97	22.30	22.50	22.84	23.17	23.37	23.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.76	20.79	21.73	22.76	23.70	24.73	25.67
Camarilla	22.14	22.32	22.50	22.68	22.86	23.04	23.22
Woodie	19.73	20.77	21.70	22.74	23.67	24.71	25.64
Fibonacci	20.79	21.54	22.00	22.76	23.51	23.97	24.73

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	77.65
MACD (12,26,9):	0.1600
Directional Movement:	33.51
AROON (14):	92.86
DEMA (21):	23.18
Parabolic SAR (0,02-0,02-0,2):	22.92
Elder Ray (13):	0.58
Super Trend (3,10):	23.19
Zig ZAG (10):	23.69
VORTEX (21):	1.1700
Stochastique (14,3,5):	96.40
TEMA (21):	23.30
Williams %R (14):	-1.87
Chande Momentum Oscillator (20):	0.91
Repulse (5,40,3):	2.1700
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	3.66

MA7:	22.92
MA20:	22.52
MA50:	21.98
MA100:	21.40
MAexp7:	23.26
MAexp20:	23.00
MAexp50:	22.83
MAexp100:	22.70
Price / MA7:	+3.75%
Price / MA20:	+5.60%
Price / MA50:	+8.19%
Price / MA100:	+11.12%
Price / MAexp7:	+2.24%
Price / MAexp20:	+3.39%
Price / MAexp50:	+4.16%
Price / MAexp100:	+4.76%

Quotes : - 15 min delayed data - Spain Stocks

News

The latest news and videos published on ARCEL.MITTAL at the time of the analysis were as follows:

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

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