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MTCN NEWS why is Arcelormittal price falling or rising

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

MTCN Arcelormittal is falling or rising technical reasons

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

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, stock might keep falling and 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 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 Arcelormittal, then use 61.9 as stoploss and 64.19 as target.

MTCN Arcelormittal is falling or rising NEWS fundamental reasons

ArcelorMittal unveils three green energy projects in India with 0 million investment ArcelorMittal announced three new renewable energy projects in India, totaling 1 GW of solar and wind capacity, with an investment of 0 million. These projects, located in Maharashtra, Rajasthan, and Gujarat, will double the company's renewable energy c - NEWS as on 2025-12-22 indiatimes.com

More announcements and NEWS

MTCN Arcelormittal current price & indicator signals

Moving Averages for Arcelormittal

  • 5Day Average: 61.51
  • 12Day Average: 63.21
  • 20Day Average: 64.56
  • 50Day Average: 66.58
  • 100Day Average: 68.51
  • 150Day Average: 65.34
  • 200Day Average: 62.51

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 Arcelormittal 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

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