ARCELORMITTAL (MT.CAC40)

Close: 28.48 (+0.23), Jul 28, 2021
Positive

High risk

Automatic technical analysis. Medium term, Jul 28, 2021

ARCELORMITTAL is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has also broken a resistance level and given a positive signal for the long-term trading range. The stock has broken up through resistance at euro 27.40. This predicts a further rise. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The stock is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 93)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.69%120.94+0.83%
5 days72.479.20%141.94+8.04%
22 days-24.0326.50%134.08+11.71%
66 days-4.2855.22%139.59+11.47%

More analyses of ARCELORMITTAL

chart ARCELORMITTAL (MT) Candlesticks 22 Days
Candlesticks
chart ARCELORMITTAL (MT) Short term
Short term: Positive
chart ARCELORMITTAL (MT) Medium term
Medium term: Positive
chart ARCELORMITTAL (MT) Long term
Long term: Hold
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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