ARCELORMITTAL SA

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MT
ISIN:	LU1598757687

ARCELORMITTAL SA - Daily - Technical analysis published on 06/19/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 23.230 EUR

My targets

21.510 EUR (-2.54%)

20.870 EUR (-5.44%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ARCELORMITTAL SA as long as the price remains well below 23.230 EUR. The sellers' bearish objective is set at 21.510 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.870 EUR. In case of crossing, the next objective would be the support located at 19.690 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

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 ARCELORMITTAL SA rating is 22.070 EUR. The price registered a decrease of -0.09% on the session and was traded between 22.070 EUR and 22.330 EUR over the period. The price is currently at 0% from its lowest and -1.16% from its highest.

22.070

22.330

22.070

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 several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ARCELORMITTAL SA in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.690	20.870	21.510	22.070	23.230	23.770	24.350
Change (%)	-10.78%	-5.44%	-2.54%	-	+5.26%	+7.70%	+10.33%
Change	-2.380	-1.200	-0.560	-	+1.160	+1.700	+2.280
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.290	21.490	21.790	21.990	22.290	22.490	22.790
Camarilla	21.953	21.998	22.044	22.090	22.136	22.182	22.228
Woodie	21.340	21.515	21.840	22.015	22.340	22.515	22.840
Fibonacci	21.490	21.681	21.799	21.990	22.181	22.299	22.490

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.513	20.627	21.223	22.337	22.933	24.047	24.643
Camarilla	21.350	21.507	21.663	21.820	21.977	22.134	22.290
Woodie	19.255	20.498	20.965	22.208	22.675	23.918	24.385
Fibonacci	20.627	21.280	21.683	22.337	22.990	23.393	24.047

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.513	22.247	23.203	23.937	24.893	25.627	26.583
Camarilla	23.695	23.850	24.005	24.160	24.315	24.470	24.625
Woodie	21.625	22.303	23.315	23.993	25.005	25.683	26.695
Fibonacci	22.247	22.892	23.291	23.937	24.582	24.981	25.627

Numerical data

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

Technical indicators

Moving averages

RSI (14):	34.04
MACD (12,26,9):	-0.5150
Directional Movement:	-17.884
AROON (14):	-71.428
DEMA (21):	22.337
Parabolic SAR (0,02-0,02-0,2):	23.394
Elder Ray (13):	-0.442
Super Trend (3,10):	23.209
Zig ZAG (10):	22.080
VORTEX (21):	0.8130
Stochastique (14,3,5):	16.61
TEMA (21):	22.011
Williams %R (14):	-80.83
Chande Momentum Oscillator (20):	-2.270
Repulse (5,40,3):	-1.6130
ROCnROLL:	2
TRIX (15,9):	-0.2070
Courbe Coppock:	13.51

MA7:	22.171
MA20:	23.186
MA50:	23.645
MA100:	24.153
MAexp7:	22.277
MAexp20:	22.936
MAexp50:	23.513
MAexp100:	23.816
Price / MA7:	-0.46%
Price / MA20:	-4.81%
Price / MA50:	-6.66%
Price / MA100:	-8.62%
Price / MAexp7:	-0.93%
Price / MAexp20:	-3.78%
Price / MAexp50:	-6.14%
Price / MAexp100:	-7.33%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

Don't forget to follow the news on ARCELORMITTAL SA. 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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