MT technical analysis
MT Technical Analysis
Analysis date
July 17, 2026
Market
NYSE (USD)
Daily cutoff
July 16, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
MT Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- MT
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- July 16, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 28.45 | July 16, 2026 | - | Verified |
| Finviz (independent) | 28.45 | July 16, 2026 (previous close) | 0.00% | Verified |
Bottom line
MT Technical Analysis Summary
MT (ArcelorMittal) shows a mixed technical picture as of mid-July 2026. On the daily chart, price at 28.45 is above SMA20 (27.32) and SMA50 (26.89) but remains below SMA200 (31.18), indicating short-term bullish momentum within a longer-term bearish structure. The 1.58% gain in the latest session suggests building buying interest. RSI14 at 54.82 is above the neutral 50 level, reflecting moderate bullish momentum without approaching overbought territory. The daily MACD is in a bullish configuration with the MACD line at 0.15 above the signal line at 0.08 and a positive histogram at 0.07. The weekly chart shows a more neutral picture with price at 28.29 hovering near SMA20 (28.05), while SMA50 (30.12) and SMA200 (32.45) remain above, confirming the intermediate-term downtrend is still intact. Key resistance lies at 30.50 (60-day high) and SMA200 at 31.18. Support rests at 26.15 (20-day low) and 24.80 (60-day low). A decisive break above 31.18 would signal a potential trend reversal to the upside.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 16, 2026)
- Trend
- Improving but mixed. Price at 28.45 is above SMA20 (27.32, +4.14%) and SMA50 (26.89, +5.80%) but remains below SMA200 (31.18, -8.76%). Short-term moving averages have started to slope upward, while the SMA200 continues to decline, creating a golden-cross-like setup in the making. The stock has made higher lows since the June low around 24.80.
- Momentum
- Moderately bullish. RSI14 at 54.82 is above the 50 midline, indicating positive momentum without extreme readings. MACD line at 0.15 is above the signal line at 0.08 with a histogram of 0.07, confirming the bullish crossover that occurred in late June. Momentum is constructive but not yet strong enough to suggest an imminent breakout.
- Volatility
- Moderate. ATR14 at 0.72 (2.53% of price) reflects typical daily ranges for a steel sector stock. Bollinger Bands (25.81 to 30.19) are moderately wide with price trading near the middle band. Band width has been narrowing, which sometimes precedes a period of expansion and directional movement.
- Volume
- Slightly below average. Latest volume of 3,215,000 is 82.4% of the 20-period average (3,901,500), indicating moderate participation. Volume has been declining during the recent consolidation phase, which is neutral but suggests a lack of strong conviction from either buyers or sellers.
Assessment
The daily chart shows a cautiously positive setup. Price has reclaimed SMA20 and SMA50 after falling below them in May, and the MACD bullish crossover suggests improving momentum. However, the stock remains below the declining SMA200, keeping the longer-term trend in bearish territory. The 52-week position at 38.2% indicates the stock is in the lower half of its annual range. A move above the 60-day high of 30.50 with volume would be the next bullish signal, followed by the key SMA200 at 31.18.
Weekly (July 13, 2026 week)
- Trend
- Neutral to bearish. Price at 28.29 is near SMA20 (28.05) but below SMA50 (30.12) and SMA200 (32.45). SMA20 is flattening after a prolonged decline, while SMA50 and SMA200 continue to slope downward gradually. The weekly chart shows a consolidation pattern developing since the March low around 24.00.
- Momentum
- Neutral with slight improvement. RSI14 at 49.75 is just below the 50 midline, indicating a lack of directional conviction at the weekly level. MACD line at -0.32 is below the signal line at -0.18, but the histogram at -0.14 is narrowing, suggesting bearish momentum is weakening. A bullish crossover would be a meaningful weekly signal.
- Volatility
- Moderate. ATR14 at 1.55 (5.48% of price) reflects the higher volatility typical of steel stocks on a weekly basis. Bollinger Bands (24.40 to 32.45) show price near the middle-to-lower portion of the range.
- Volume
- Slightly below average. Weekly volume of 15,850,000 is 88.7% of the 20-week average (17,870,000), indicating near-normal participation with no unusual accumulation or distribution patterns.
Assessment
The weekly chart reflects a stock that is attempting to form a base after a prolonged downtrend from the 2024 highs above 40.00. Price holding near SMA20 is a mildly positive development, but the stock needs to reclaim SMA50 (30.12) to suggest the downtrend is truly reversing. The narrowing MACD histogram and RSI approaching 50 suggest the bearish momentum is fading, but a confirmed bullish signal has not yet materialized. The 52-week position at 35.7% reinforces the structural weakness view.
Key indicators
MT Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 54.82 | 49.75 |
| MACD (12, 26, 9) | 0.15 / 0.08 / 0.07 | -0.32 / -0.18 / -0.14 |
| ATR (14) | 0.72 (2.53%) | 1.55 (5.48%) |
| Bollinger Bands (20, 2) | 25.81 - 30.19 | 24.40 - 32.45 |
| SMA (20) | 27.32 | 28.05 |
| SMA (50) | 26.89 | 30.12 |
| SMA (200) | 31.18 | 32.45 |
Price structure
MT Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 28.45 | 28.29 |
| 1-Period Return | +1.58% | +2.13% |
| 5-Period Return | +0.35% | +4.20% |
| 20-Period Return | +8.05% | +11.85% |
| 60-Period Return | +14.72% | +17.63% |
| 252-Period Return | -12.77% | -18.41% |
| 52-Week Low | 23.85 | 23.85 |
| 52-Week High | 41.60 | 41.60 |
| 52-Week Position | 38.20% | 35.72% |
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 | 30.19 | 30.50 |
| 20-Period Low | 26.15 | 25.10 |
| 60-Period High | 30.50 | 35.80 |
| 60-Period Low | 24.80 | 23.85 |
Scenarios
MT Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks above the 60-day high at 30.50 and subsequently reclaims SMA200 at 31.18 with above-average volume.
Invalidation
Price falls back below SMA20 (27.32) and breaks the 20-day low at 26.15, failing to hold the recent gains.
What to watch
Daily RSI holding above 55; MACD histogram continuing to expand; weekly RSI crossing above 50; increasing volume on up days.
Range-Bound
Trigger
Price oscillates between 26.15 (20-day low) and 30.50 (60-day high) as the stock consolidates before the next directional move.
Invalidation
A decisive break above 30.50 or below 26.15 with increasing volume signals the end of the range.
What to watch
RSI staying between 45 and 60; MACD histogram fluctuating near zero; volume remaining moderate; Bollinger Bands continuing to contract.
Bearish
Trigger
Price fails to hold above SMA50 (26.89) and breaks below the 20-day low at 26.15, resuming the longer-term downtrend.
Invalidation
Price reclaims and holds above SMA20 (27.32), establishing a higher low above 26.15.
What to watch
Daily RSI falling below 50; MACD histogram turning negative; volume increasing on down days; weekly MACD failing to achieve a bullish crossover.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Finviz (independent cross-validation). The daily analysis covers approximately 2 years (501 completed bars) ending July 16, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 13, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
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.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 16, 2026, weekly July 13, 2026 week. Generated July 17, 2026.
Related Tools
AI Chart Analyzer
Upload a TradingView chart screenshot and get instant AI-powered technical analysis. Identify patterns, support and resistance, and key levels.
Support and Resistance Calculator
Calculate key support and resistance levels for any stock. Identify potential price zones where reversals or breakouts may occur.
RSI Calculator
Calculate the Relative Strength Index for any stock. Determine overbought and oversold conditions with customizable periods.