ARCEL.MITTAL

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MTS
ISIN:	LU1598757687

ARCEL.MITTAL - 1H - Technical analysis published on 09/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 22.70 EUR

My targets

24.34 EUR (+4.99%)

25.50 EUR (+10.01%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARCEL.MITTAL as long as the price remains well above 22.70 EUR. The buyers' bullish objective is set at 24.34 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.50 EUR. If there is any crossing, the next objective would be the resistance located at 26.31 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

ARCEL.MITTAL rating 23.18 EUR. The price registered an increase of +4.32% on the session and was traded between 22.61 EUR and 23.18 EUR over the period. The price is currently at +2.52% from its lowest and 0% from its highest.

22.61

23.18

Here is a more detailed summary of the historical variations registered by ARCEL.MITTAL:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ARCEL.MITTAL in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.28	22.70	23.11	23.18	24.34	25.50	26.31
Change (%)	-3.88%	-2.07%	-0.31%	-	+4.99%	+10.01%	+13.49%
Change	-0.90	-0.48	-0.07	-	+1.16	+2.32	+3.13
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.58	21.90	22.06	22.38	22.54	22.86	23.02
Camarilla	22.09	22.13	22.18	22.22	22.26	22.31	22.35
Woodie	21.50	21.86	21.98	22.34	22.46	22.82	22.94
Fibonacci	21.90	22.08	22.20	22.38	22.56	22.68	22.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.87	19.61	20.55	21.29	22.23	22.97	23.91
Camarilla	21.02	21.17	21.33	21.48	21.63	21.79	21.94
Woodie	18.96	19.66	20.64	21.34	22.32	23.02	24.00
Fibonacci	19.61	20.26	20.65	21.29	21.94	22.33	22.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.27	17.36	19.27	20.36	22.27	23.36	25.27
Camarilla	20.36	20.63	20.91	21.18	21.46	21.73	22.01
Woodie	16.68	17.57	19.68	20.57	22.68	23.57	25.68
Fibonacci	17.36	18.51	19.21	20.36	21.51	22.21	23.36

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	73.28
MACD (12,26,9):	0.2500
Directional Movement:	34.06
AROON (14):	14.29
DEMA (21):	22.71
Parabolic SAR (0,02-0,02-0,2):	22.22
Elder Ray (13):	0.55
Super Trend (3,10):	22.43
Zig ZAG (10):	23.06
VORTEX (21):	1.1000
Stochastique (14,3,5):	66.29
TEMA (21):	22.76
Williams %R (14):	-1.14
Chande Momentum Oscillator (20):	0.61
Repulse (5,40,3):	1.4700
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	2.39

MA7:	21.94
MA20:	20.91
MA50:	20.61
MA100:	21.60
MAexp7:	22.65
MAexp20:	22.38
MAexp50:	21.93
MAexp100:	21.47
Price / MA7:	+5.65%
Price / MA20:	+10.86%
Price / MA50:	+12.47%
Price / MA100:	+7.31%
Price / MAexp7:	+2.34%
Price / MAexp20:	+3.57%
Price / MAexp50:	+5.70%
Price / MAexp100:	+7.96%

Quotes : - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on ARCEL.MITTAL. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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