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Takip Edin: @UscMarketsMT Stock Forecast & ArcelorMittal S.A. Chart Analysis
This article provides a detailed analysis of MT-ArcelorMittal S.A. stock including a forecast for MT shares. It features ArcelorMittal S.A. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
MT Historical Data Review
MT Current Price Performance Analysis
The ArcelorMittal S.A. - MT stock traded on the American stock market, on 06-05-2024, closed at 25.5$ with a %-1.28 decreased compared to the previous day.
In the last month, the price of MT changed by %-1.96 decreased in value, from 26.01 dollars on 05-06-2024 to 25.5 dollars, decreased.
Last year, the price of MT was 26.76 dollars on 06-06-2023, and changed by %-4.71 decreased in value, to 25.5 dollars decreased within a year.
The price of ArcelorMittal S.A. stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
MT with AI Stock Forecast & Price Target
On the MT chart ArcelorMittal S.A. price was recorded as 25.5 Dollars on 06/05/2024.
The artificial intelligence's forecast on MT stock is as follows.
The artificial intelligence's prediction error margin for MT stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for ArcelorMittal S.A. stock over the next 4 months is: 23.9 Dollars.
The commentary on MT stock Target Price: Highest: 28.383 Dollars is predicted.
The commentary on MT stock Target Price: Lowest: 20.675 Dollars is predicted.
Resistance Price where ArcelorMittal S.A. stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 28.383 |
| 09-23-2024 | 25.249 |
| 12-02-2024 | 24.383 |
| 02-10-2025 | 22.496 |
Support Price where ArcelorMittal S.A. stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 24.330 |
| 10-28-2024 | 22.247 |
| 01-16-2025 | 22.278 |
| 03-17-2025 | 20.675 |
The commentary on MT stock: Fluctuations in the target price can be expected in the coming days.
The target price for ArcelorMittal S.A. stock by the end of 2024 is predicted to be 22.849 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MT stock, and the 2024 target price predictions for ArcelorMittal S.A. are detailed above.
The technical analysis and charts for the commentary on MT stock are below.
MT Support & Resistance and Trend Analysis
MT stock you have reviewed the technical analysis support resistance charts regarding.
MT : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MT review, the ArcelorMittal S.A. support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
ArcelorMittal S.A. Support and Resistance Prices:
| MT Support Level Price | MT Resistance Level Price |
|---|---|
| 21.48 | 24.08 |
| 24.73 | 26.51 |
| 24.88 | 26.55 |
| 25.00 | 26.73 |
| 25.08 | 27.84 |
| 25.24 | 28.22 |
| 25.85 | 28.95 |
| 26.15 | 29.01 |
| 26.24 | |
| 26.63 |
MT Technical Analysis: SMA, RSI, MACD
Upon reviewing the MT chart, buy and sell signals have been generated in the ArcelorMittal S.A. technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MT stock are as follows:- MT technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for ArcelorMittal S.A. gave a 'Buy' signal when the RSI was at 20.395, with the current RSI value at 46.266.
- The technical analysis for MT indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for ArcelorMittal S.A. issued a 'Buy' signal when the MACD was at -0.032, with the current MACD value being: -0.02
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for ArcelorMittal S.A. stock: Click here to read more predictions on Targa Resources Corp. stock.
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