MT technical analysis
MT Technical Analysis
Analysis date
August 6, 2026
Market
NYSE (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
MT Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- MT
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 75.35 | August 5, 2026 | - | Verified |
| Verification series | 75.35 | August 5, 2026 | 0.00% | Verified |
Bottom line
MT Technical Analysis Summary
MT (ArcelorMittal) shows a strongly bullish technical picture as of the August 5, 2026 daily cutoff. Price at 75.35 has surged about 15% over the past five sessions after the company reported strong quarterly results and announced a major cloud and analytics partnership, and it now trades near the 52-week high at 75.66, well above the daily SMA20 (67.75), SMA50 (66.62), and SMA200 (55.34). The weekly chart is also bullish, with price at 70.14 above the weekly SMA20 (62.02), SMA50 (51.66), and SMA200 (32.20). Momentum is positive on both timeframes: daily RSI14 at 72.38 and weekly RSI14 at 62.76, with the daily MACD histogram positive at 0.94. However, the move is extended. Daily RSI is above the overbought threshold of 70 and price closed above the upper daily Bollinger Band at 73.95, so a pause or pullback is possible before the trend continues. Resistance is the 20-period and 60-period high at 75.66, which is also the 52-week high, with the round level near 80.00 beyond it. Support is at the daily SMA20 (67.75), then the 20-period low at 61.71 and the 60-period low at 58.53. MT is up about 151% over the past year, and the technical outlook remains constructive as long as price holds above the daily SMA20.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Strongly bullish. Price at 75.35 is above SMA20 (67.75), SMA50 (66.62), and SMA200 (55.34), with all three averages in a rising alignment. The uptrend accelerated in late July after quarterly results and a new partnership announcement, taking price from below 66 to above 75 in about five sessions. Price is trading at the top of the 20-period range and just below the 52-week high.
- Momentum
- Bullish but extended. RSI14 at 72.38 is above the overbought threshold of 70, reflecting the strength of the recent advance. The MACD line at 2.21 is above the signal line at 1.26 with a positive histogram of 0.94, confirming positive momentum. An overbought RSI does not guarantee an immediate pullback, but it does suggest the move is extended near term.
- Volatility
- Elevated. ATR14 at 2.20 (2.92% of price) reflects larger daily swings during the advance. Bollinger Bands (61.55 to 73.95) are wide and price closed above the upper band, indicating unusually strong upside momentum that often precedes a period of consolidation.
- Volume
- About average. Latest volume of 1,677,000 is 1.02 times the 20-period average (1,642,140). The ratio is close to the recent norm, indicating steady participation rather than an unusual volume spike in the latest session.
Assessment
The daily chart shows a powerful bullish trend with price at the top of its recent range and above all major moving averages. The surge after quarterly results and the partnership announcement pushed momentum into overbought territory, with RSI above 70 and price above the upper Bollinger Band. The constructive setup points to whether price can clear the 20-period and 60-period high at 75.66 to extend the trend, or whether it first consolidates to work off the overbought condition. A break back below the SMA20 at 67.75 would be the first sign that the near-term rally is fading.
Weekly (July 27, 2026 week)
- Trend
- Strongly bullish. Price at 70.14 is above SMA20 (62.02), SMA50 (51.66), and SMA200 (32.20), with all three weekly averages in an upward alignment. The medium-term uptrend has been intact for about a year, and the weekly close near the 20-week high at 72.50 follows a weekly gain of about 5%.
- Momentum
- Positive. RSI14 at 62.76 is above 50, indicating constructive medium-term momentum. The MACD line at 4.48 is slightly below the signal line at 4.65, so the histogram is marginally negative at -0.17. This is a minor divergence from the strong price trend and suggests momentum is supportive but not yet fully re-accelerating at the weekly level.
- Volatility
- Elevated. ATR14 at 5.14 (7.32% of price) reflects the wide weekly ranges common for a steel producer in a strong trend. Bollinger Bands (49.39 to 74.65) show price near the upper portion of the range, consistent with the persistent uptrend.
- Volume
- About average. Latest weekly volume of 8,860,800 is 0.98 times the 20-week average (9,062,325), showing normal participation without unusual accumulation or distribution patterns.
Assessment
The weekly chart confirms a strong medium-term uptrend with price above all weekly moving averages and near the 20-week high at 72.50. The 60-week low of 29.46 shows the magnitude of the move, with price more than doubled over the past year. The main caveat is that the weekly MACD histogram is marginally negative at -0.17, so momentum is supportive but not yet re-accelerating. A weekly close above the 20-week and 60-week high at 72.50 would open the path toward fresh highs, while a weekly close below the SMA20 at 62.02 would be the first sign of trend fatigue.
Key indicators
MT Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 72.38 | 62.76 |
| MACD (12, 26, 9) | 2.21 / 1.26 / 0.94 | 4.48 / 4.65 / -0.17 |
| ATR (14) | 2.20 (2.92%) | 5.14 (7.32%) |
| Bollinger Bands (20, 2) | 61.55 - 73.95 | 49.39 - 74.65 |
| SMA (20) | 67.75 | 62.02 |
| SMA (50) | 66.62 | 51.66 |
| SMA (200) | 55.34 | 32.20 |
Price structure
MT Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 75.35 | 70.14 |
| 1-Period Return | +0.19% | +4.87% |
| 5-Period Return | +14.69% | +17.13% |
| 20-Period Return | +19.21% | +38.57% |
| 60-Period Return | +21.75% | +135.65% |
| 252-Period Return | +150.82% | +155.47% |
| 52-Week Low | 30.40 | 30.01 |
| 52-Week High | 75.66 | 72.50 |
| 52-Week Position | 99.32% | 94.45% |
Key levels
MT Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 75.66 | 72.50 |
| 20-Period Low | 61.71 | 47.26 |
| 60-Period High | 75.66 | 72.50 |
| 60-Period Low | 58.53 | 29.46 |
Scenarios
MT Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks and holds above the 20-period and 60-period high at 75.66 (also the 52-week high) on above-average volume.
Invalidation
Price falls back below the daily SMA20 at 67.75 and breaks the 20-period low at 61.71.
What to watch
Daily RSI holding above 50 through any pullback; the daily MACD histogram staying positive; the weekly MACD histogram turning positive; a weekly close above the 20-week and 60-week high at 72.50.
Range-Bound
Trigger
Price consolidates between the daily SMA20 at 67.75 and the recent high at 75.66 to work off the overbought RSI reading.
Invalidation
A decisive break of either boundary with volume confirmation signals the end of the range.
What to watch
RSI moving back toward the 50 to 65 zone; volume easing toward average; the daily Bollinger Bands narrowing.
Bearish
Trigger
Price fails to hold above the daily SMA20 at 67.75 and breaks below the 20-period low at 61.71 with increasing downside volume.
Invalidation
Price reclaims and holds above the recent high at 75.66.
What to watch
The daily MACD histogram turning negative; RSI falling below 50; a weekly close below the SMA20 at 62.02.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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