ArcelorMittal Stock Technical Analysis

MT Stock  USD 30.43  0.66  2.12%   
As of the 4th of February, ArcelorMittal shows the risk adjusted performance of 0.2259, and Mean Deviation of 1.83. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of ArcelorMittal, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for ArcelorMittal SA ADR, which can be compared to its rivals. Please confirm ArcelorMittal SA ADR mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if ArcelorMittal SA ADR is priced correctly, providing market reflects its regular price of 30.43 per share. Given that ArcelorMittal has jensen alpha of 0.2971, we suggest you to validate ArcelorMittal SA ADR's prevailing market performance to make sure the company can sustain itself at a future point.
  

ArcelorMittal Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ArcelorMittal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ArcelorMittal
ArcelorMittal's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

ArcelorMittal Analyst Consensus

Target PriceAdvice# of Analysts
50.1Buy3Odds
ArcelorMittal SA ADR current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most ArcelorMittal analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand ArcelorMittal stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ArcelorMittal SA ADR, talking to its executives and customers, or listening to ArcelorMittal conference calls.
ArcelorMittal Analyst Advice Details
ArcelorMittal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of ArcelorMittal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ArcelorMittal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

ArcelorMittal SA ADR Technical Analysis

Indicator
Time Period
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The output start index for this execution was thirty-four with a total number of output elements of twenty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ArcelorMittal SA ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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ArcelorMittal SA ADR Trend Analysis

Use this graph to draw trend lines for ArcelorMittal SA ADR. You can use it to identify possible trend reversals for ArcelorMittal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ArcelorMittal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ArcelorMittal Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ArcelorMittal SA ADR applied against its price change over selected period. The best fit line has a slop of   0.11  , which suggests that ArcelorMittal SA ADR will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 440.58, which is the sum of squared deviations for the predicted ArcelorMittal price change compared to its average price change.

About ArcelorMittal Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ArcelorMittal SA ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ArcelorMittal SA ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ArcelorMittal SA ADR price pattern first instead of the macroeconomic environment surrounding ArcelorMittal SA ADR. By analyzing ArcelorMittal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ArcelorMittal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ArcelorMittal specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2020 2021 2022 2023 (projected)
Book Value per Share37.8245.4440.8944.37
Asset Turnover0.630.891.020.98

ArcelorMittal February 4, 2023 Technical Indicators

Most technical analysis of ArcelorMittal help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ArcelorMittal from various momentum indicators to cycle indicators. When you analyze ArcelorMittal charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

ArcelorMittal February 4, 2023 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as ArcelorMittal stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, see Correlation Analysis. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for analysis

When running ArcelorMittal SA ADR price analysis, check to measure ArcelorMittal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ArcelorMittal is operating at the current time. Most of ArcelorMittal's value examination focuses on studying past and present price action to predict the probability of ArcelorMittal's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ArcelorMittal's price. Additionally, you may evaluate how the addition of ArcelorMittal to your portfolios can decrease your overall portfolio volatility.
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Is ArcelorMittal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ArcelorMittal. If investors know ArcelorMittal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ArcelorMittal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.73) 
Market Capitalization
25 B
Quarterly Revenue Growth
(0.06) 
Return On Assets
0.1037
Return On Equity
0.2608
The market value of ArcelorMittal SA ADR is measured differently than its book value, which is the value of ArcelorMittal that is recorded on the company's balance sheet. Investors also form their own opinion of ArcelorMittal's value that differs from its market value or its book value, called intrinsic value, which is ArcelorMittal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ArcelorMittal's market value can be influenced by many factors that don't directly affect ArcelorMittal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ArcelorMittal's value and its price as these two are different measures arrived at by different means. Investors typically determine ArcelorMittal value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcelorMittal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.