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Munafa technical analysis Arcelormittal MTCN technical analysis buy or sell
Munafa technical analysis Arcelormittal MTCN technical analysis buy or sell Analysis of Arcelormittal MTCN to buy or sell for Daily, weekly or monthly
Quick Chart Bull Charts Forecast Tomorrow Price Targets View Analysis
| Date | Close | Open | High | Low |
| 17 Wed May | 61.83 | 61.77 | 62.67 | 61.77 |
| 16 Tue May | 60.00 | 61.72 | 61.84 | 60.00 |
| 15 Mon May | 62.41 | 61.86 | 62.41 | 61.86 |
| 12 Fri May | 61.80 | 61.93 | 62.46 | 61.80 |
| 11 Thu May | 61.50 | 61.26 | 61.50 | 60.89 |
Stock of Arcelormittal closed at 61.83 and it opened at 61.77
It moved inside a range of 61.77 and 62.67
52 week High is 76.41 and 52 week Low is 46.41
Financial Year High is 70.94 and Low is 60.00
This year High is 76.41 and Low is 60.00
Arcelormittal MTCN Daily Analysis to buy or sell
As per my analysis of Arcelormittal MTCN, 12 day returns for Arcelormittal MTCN have been negative, with total returns of -4.45, which is -6.71% with investment starting at 66.28.
An investment of 100,000 bucks in Arcelormittal would have become 93290 bucks today.
Arcelormittal MTCN moves in a range of 0.7 points on a day to day basis. This means that a total of approx 0.7 plus points of returns can be expected in a bullish day, and a total of 0.7 minus points can be expected in a bearish day.
This is about 1.13% of returns per day.
Arcelormittal Munafa analysis, looking for Trend and BUY or SELL opportunities.
Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Arcelormittal MTCN at this time.
It appears as if Arcelormittal MTCN gave a large move recently.
Stock of Arcelormittal (MTCN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, and the stock might move lower...
My analysis of Arcelormittal is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Arcelormittal stays below 62.2, but if it comes above 62.2, then a intra day buy could be more profitable.
If you take a sell trade below 62.2, then use 62.2 as stoploss and 59.5 as target. However if you take a buy trade in Arcelormittal, then use 62.2 as stoploss and 64.56 as target.
You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm
Daily Candle Stick analysis of Arcelormittal MTCN
Candle stick analysis of Arcelormittal as on 17 Wed May 2023 is showing a green candle, which means that the buyers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 1.5 HC: 1.4 LC: 0.1 OC: 1.5
Arcelormittal is moving towards a low expiry
Candle stick analysis of Arcelormittal as on 16 Tue May 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 3.1 HC: 3.1 LC: 0 OC: 0.2
Arcelormittal is moving towards a low expiry
Arcelormittal is forming a DOJI candle
Candle stick analysis of Arcelormittal as on 15 Mon May 2023 is showing a green candle, which means that the buyers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 0.9 HC: 0 LC: 0.9 OC: 0.9
Arcelormittal is moving towards a high expiry
Candle stick analysis of Arcelormittal as on 12 Fri May 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 1.1 HC: 1.1 LC: 0 OC: 0.9
Arcelormittal is moving towards a low expiry
Candle stick analysis of Arcelormittal as on 11 Thu May 2023 is showing a green candle, which means that the buyers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 1 HC: 0 LC: 1 OC: 0.4
Arcelormittal is moving towards a high expiry
Arcelormittal is forming a DOJI candle
Arcelormittal MTCN Weekly Analysis to buy or sell
As per my analysis of Arcelormittal MTCN, 12 week returns for Arcelormittal MTCN have been negative, with total returns of -14.5, which is -19% with investment starting at 76.33.
An investment of 100,000 bucks in Arcelormittal would have become 81000 bucks today.
Arcelormittal MTCN moves in a range of 3.6 points on a week to week basis. This means that a total of approx 3.6 plus points of returns can be expected in a bullish week, and a total of 3.6 minus points can be expected in a bearish week.
This is about 5.82% of returns per week.
Weekly Candle Stick analysis of Arcelormittal MTCN
Candle stick analysis of Arcelormittal as on 17 Wed May 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 4.5 HC: 1.4 LC: 3.1 OC: 1.3
Arcelormittal is moving towards a high expiry
Candle stick analysis of Arcelormittal as on 12 Fri May 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 8 HC: 6.4 LC: 1.5 OC: 1.4
Arcelormittal is moving towards a low expiry
Candle stick analysis of Arcelormittal as on 05 Fri May 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 8.4 HC: 5.3 LC: 2.9 OC: 0.1
Arcelormittal is moving towards a low expiry
Arcelormittal is forming a DOJI candle
Candle stick analysis of Arcelormittal as on 28 Fri Apr 2023 is showing a green candle, which means that the buyers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 4.5 HC: 0.1 LC: 4.5 OC: 1.3
Arcelormittal is moving towards a high expiry
Candle stick analysis of Arcelormittal as on 21 Fri Apr 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 6.1 HC: 5.7 LC: 0.4 OC: 1.3
Arcelormittal is moving towards a low expiry
Arcelormittal MTCN Monthly Analysis to buy or sell
As per my analysis of Arcelormittal MTCN, 12 month returns for Arcelormittal MTCN have been positive, with total returns of 4.71, which is 8.25% with investment starting at 57.12.
An investment of 100,000 bucks in Arcelormittal would have become 108250 bucks today.
Arcelormittal MTCN moves in a range of 5.9 points on a month to month basis. This means that a total of approx 5.9 plus points of returns can be expected in a bullish month, and a total of 5.9 minus points can be expected in a bearish month.
This is about 9.54% of returns per month.
Monthly Candle Stick analysis of Arcelormittal MTCN
Candle stick analysis of Arcelormittal as on 17 Wed May 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 12 HC: 8.6 LC: 3.1 OC: 0.1
Arcelormittal is moving towards a low expiry
Arcelormittal is forming a DOJI candle
Candle stick analysis of Arcelormittal as on 28 Fri Apr 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 10.3 HC: 5.5 LC: 4.5 OC: 0.1
Arcelormittal is moving towards a low expiry
Arcelormittal is forming a DOJI candle
Candle stick analysis of Arcelormittal as on 31 Fri Mar 2023 is showing a green candle, which means that the buyers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 23.4 HC: 7.2 LC: 15 OC: 8.6
Arcelormittal is moving towards a high expiry
Candle stick analysis of Arcelormittal as on 24 Fri Feb 2023 is showing a red candle, which means that the sellers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 11.1 HC: 7.7 LC: 3.2 OC: 0
Arcelormittal is moving towards a low expiry
Arcelormittal is forming a DOJI candle
Candle stick analysis of Arcelormittal as on 27 Fri Jan 2023 is showing a green candle, which means that the buyers are dominating this session.
Candle stick ratios of Arcelormittal are:
HL: 18 HC: 0.3 LC: 17.6 OC: 17.9
Arcelormittal is moving towards a high expiry
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