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Arcelormittal (MTCN) Technical (Analysis) Reports Arcelormittal ["Technical Analysis"] Reports -NYSE Stock Exchange MunafaSutra.com

Complete & easy to understand technical analysis of Arcelormittal (MTCN)

Technical Analysis Report for NYSE stock MTCN Arcelormittal. Dated: 17 May 2023 Updated Daily. Stock trades in NYSE stock exchange

If you are looking for Tomorrow's Movement Predictions for NYSE stock MTCN Arcelormittal then click here. or read Experts views on Arcelormittal or Forecast & share price targets of Arcelormittal

Arcelormittal Opened at 61.77 and Closed at: 61.83, which is 2.96% of previous session's close. It moved within a range of 61.77 and 62.67
The session was a Bullish session with an average volume of 2282300, which is 55.68% of previous session's volumes.

  • Even though the stock has shown an up move, but the short term trend of the stock remains negative and in a downtrend.
  • Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
  • The stock has shown an up move, and its long term trend is also positive and in an uptrend.

Support for tomorrow is 61.8 and resistance for tomorrow is 62.7
These support and resistance points are valid for the first 5-15 minutes charts

Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.

Support for tomorrow's hourly charts is 61.51, 61.19 resistance for tomorrow's hourly charts is 62.41, 62.99

10 Day SMA for Arcelormittal (MTCN) is 62.64 and stock is trading below these levels. This is not a good sign for its short term trend

20 Day SMA for Arcelormittal (MTCN) is 64.56 and the stock is trading below these levels. This is not a good sign for its mid term trend

50 Day SMA for Arcelormittal (MTCN) is 66.58 and the stock is trading below these levels. This is not a good sign for its mid to long term trend

100 Day SMA is 68.51 and the stock is trading below these levels. This is not a good sign for its long term trend

200 Day SMA Arcelormittal is 62.51 and stock is trading below these levels. This is not a good sign for its long term trend

20 DMA of Arcelormittal is at 64.56 and 200 DMA is at 62.51, while 50 DMA and 100 DMA are at 66.58 and 68.51 respectively

Arcelormittal (MTCN) moving average of 20 SMA is at 64.56 and 20 EMA is at 64.19

Date Closing Price 20 SMA 20 EMA
17 Wed May 61.83 64.56 64.19
16 Tue May 60.00 64.94 64.44
15 Mon May 62.41 65.49 64.91
12 Fri May 61.80 65.89 65.17
11 Thu May 61.50 66.3 65.52
10 Wed May 63.42 66.75 65.94

Arcelormittal (MTCN) moving average of 50 SMA is at 66.58 and 50 EMA is at 66.19

Date Closing Price 50 SMA 50 EMA
17 Wed May 61.83 66.58 66.19
16 Tue May 60.00 66.8 66.37
15 Mon May 62.41 67.1 66.63
12 Fri May 61.80 67.38 66.8
11 Thu May 61.50 67.61 67
10 Wed May 63.42 67.85 67.22

Arcelormittal (MTCN) moving average of 100 SMA is at 68.51 and 100 EMA is at 66.31

Date Closing Price 100 SMA 100 EMA
17 Wed May 61.83 68.51 66.31
16 Tue May 60.00 68.52 66.4
15 Mon May 62.41 68.54 66.53
12 Fri May 61.80 68.54 66.61
11 Thu May 61.50 68.53 66.71
10 Wed May 63.42 68.52 66.82

Arcelormittal (MTCN) moving average of 200 SMA is at 62.51 and 200 EMA is at 65.93

Date Closing Price 200 SMA 200 EMA
17 Wed May 61.83 62.51 65.93
16 Tue May 60.00 62.49 65.97
15 Mon May 62.41 62.47 66.03
12 Fri May 61.80 62.45 66.07
11 Thu May 61.50 62.44 66.11
10 Wed May 63.42 62.42 66.16

Arcelormittal Technical analysis of indicators

Price action analysis of Arcelormittal (MTCN) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Arcelormittal stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Arcelormittal in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Arcelormittal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Arcelormittal in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Arcelormittal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 61.3 and Arcelormittal MTCN stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Arcelormittal MTCN stock. Volume based technical analysis of Arcelormittal MTCN stock is negative.

Arcelormittal Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Arcelormittal indicators chart

Tomorrow's Predictions

You should also read Tomorrow's Movement Predictions for NYSE stock MTCN Arcelormittal These predictions are based on various factors, are easy to understand, and upto 75% accurate!

And MTCN Experts View which covers a lot of information including buying and selling signals

MTCN future forecast & share price targets

You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Arcelormittal or View Candle Stick Charts here

Chart Arcelormittal (MTCN) Technical (Analysis) Reports Arcelormittal [

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