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NYSE Stock MTCN Historical charts - Arcelormittal

Historical charts for Stock MTCN - Share Arcelormittal trades in NYSE

Moving Averages for

  • 5Day Average: 61.51
  • 12Day Average: 63.21
  • 20Day Average: 64.56
  • 50Day Average: 66.58
  • 100Day Average: 68.51
  • 150Day Average: 65.34

MTCN Indicators & signals

Indicator MACD (12,26,9)

63.08, 64.81, -1.39
Indicator MACD is in negative zone

Indicator ADX (14)

30.28, 21.97, 41.04
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 39
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of MTCN are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Wed May 2023 61.83 61.77 to 62.67 3.05% 18.32 times
16 Tue May 2023 60.00 60.00 to 61.84 -3.86% 8.12 times
15 Mon May 2023 62.41 61.86 to 62.41 0.99% 0.01 times
12 Fri May 2023 61.80 61.80 to 62.46 0.49% 0.03 times
11 Thu May 2023 61.50 60.89 to 61.50 -3.03% 1.45 times
10 Wed May 2023 63.42 62.57 to 64.57 -2.16% 0.04 times
09 Tue May 2023 64.82 63.90 to 64.97 0.36% 0.03 times
08 Mon May 2023 64.59 64.55 to 65.74 1.24% 0.03 times
05 Fri May 2023 63.80 62.94 to 64.22 2.59% 0.03 times
04 Thu May 2023 62.19 61.98 to 64.47 -5.66% 0.17 times
03 Wed May 2023 65.92 65.88 to 66.84 -0.54% 0.08 times
02 Tue May 2023 66.28 65.01 to 66.29 -0.08% 0.03 times

Technical analysis forecast for MTCN Stock is that its 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 MTCN MTCN at this time. Stock is falling and might fall more.

It appears as if MTCN MTCN gave a large move recently.

Stock of MTCN (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, stock might keep falling and stock might move lower...

My analysis of MTCN is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if MTCN stays below 61.9, but if it comes above 61.9, then a intra day buy could be more profitable.
If you take a sell trade below 61.9, then use 61.9 as stoploss and 59.1 as target. However if you take a buy trade in MTCN, then use 61.9 as stoploss and 64.19 as target.

Tomorrow's movement Prediction of MTCN is showing signs of strength. Either there is a positive sentiment following this stock or an Elephant got in here.

Tomorrow's movement Prediction of MTCN looks Bullish! There has been some positive changes in this stock and it appears that this sentiment can continue tomorrow.

Munafa value: 70

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NYSE Stock MTCN Historical charts - Share Arcelormittal

 

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