MT NEWS why is Arcelormittal price falling or rising

MT NEWS reasons for why stock price of Arcelormittal is falling or rising

MT Arcelormittal is falling or rising technical reasons

Technical analysis forecast of Arcelormittal Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Arcelormittal MT at this time. Stock is rising and might rise more.

It appears as if Arcelormittal MT gave a large move recently.

Stock of Arcelormittal (MT) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Arcelormittal is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 23.5 as stoploss in an intra day sell trade for a target of 22.91. However, stock will show a bullish move above 23.5.

MT Arcelormittal is falling or rising NEWS fundamental reasons

After-Hours Earnings Report for January 8, 2025 : JEF, PSMT, GBX, PENG, AVDL, FC, SAR The following companies are expected to report earnings after hours on 01/08/2025. Visit our Earnings Calendar for a full list of expected earnings releases.Jefferies Financial Group Inc. (JEF)is reporting for the quarter ending November 30, 2024. The fin - NEWS as on 2025-01-08 nasdaq.com

ArcelorMittal South Africa to close long-steel business, putting 3,500 jobs in jeopardy ArcelorMittal South Africa Ltd. will close its long-steel products business, potentially impacting about 3,500 jobs due to unsustainable high logistics and energy costs and insufficient government policy intervention. The closure affects its Newcastle and - NEWS as on 2025-01-06 indiatimes.com

More announcements and NEWS

MT Arcelormittal current price & indicator signals

Moving Averages for Arcelormittal

  • 5Day Average: 22.88
  • 12Day Average: 22.38
  • 20Day Average: 22.67
  • 50Day Average: 24.02
  • 100Day Average: 23.99
  • 150Day Average: 23.57
  • 200Day Average: 24.14

MT Indicators & signals

Indicator MACD (12,26,9)

22.75, 23.07, -0.5
Indicator MACD is in negative zone

Indicator ADX (14)

3.7, 28.89, 31.11
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
17 Fri Jan 2025 23.26 23.14 to 23.48 0.35% 0.88 times
16 Thu Jan 2025 23.18 23.12 to 23.35 -0.22% 0.69 times
15 Wed Jan 2025 23.23 22.91 to 23.24 3.52% 0.95 times
14 Tue Jan 2025 22.44 22.34 to 22.51 0.67% 1.38 times
13 Mon Jan 2025 22.29 21.86 to 22.33 0% 0.77 times
13 Mon Jan 2025 22.29 21.86 to 22.33 1.04% 0.77 times
10 Fri Jan 2025 22.06 22.04 to 22.28 1.1% 1.05 times
08 Wed Jan 2025 21.82 21.59 to 21.88 0% 1.31 times
08 Wed Jan 2025 21.82 21.59 to 21.88 -0.59% 1.31 times
07 Tue Jan 2025 21.95 21.86 to 22.19 -0.36% 0.81 times
06 Mon Jan 2025 22.03 21.98 to 22.39 -0.72% 0.98 times
03 Fri Jan 2025 22.19 22.04 to 22.49 -2.93% 1.12 times

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