ARCELORMITTAL (MT) Technical Analysis

🔺 Technical Setup

🎯 Decision Map

The nearest decision zone is framed by support around 48.59 and resistance near 56.87. Clearing resistance would strengthen the constructive case, while a failure through support would damage the present setup. Pattern-based invalidation is near 69.63; losing that area would weaken the active formation considerably.

📊 Technical Summary

ARCELORMITTAL (MT) closed at 56.43 (-1.36%). Price is trading below the 50-day average but still above the 200-day average, which points to medium-term softness inside a still constructive longer-term structure. 20-day momentum is positive at +6.63%; price remains inside its roughly 52-week range (29.70–67.12); and ATR14 volatility is running near 2.94% of price. RSI(14) stands around 45.6, which keeps the momentum picture broadly balanced. RSI has been drifting lower recently, suggesting that upside momentum may be cooling slightly. MACD is positioned under the signal line, suggesting momentum recovery has not fully developed yet. The MACD histogram is negative and weakening further, which reflects continued downside pressure. Recent trading volume is running below its typical 20-day average, which suggests participation remains relatively muted. The chart is currently flagging Double top. The nearest decision zone is framed by support at 48.59 and resistance at 56.87. A move through resistance would improve the short-term technical tone, while a loss of support would weaken the current structure. The interactive view adds overlays, pattern context and broader chart structure for deeper review.

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