ArcelorMittal (MT, $31.2) price may drop as it broke higher Bollinger Band on May 12, 2025

#Steel, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #LargeCap
MT - ArcelorMittal
Bollinger signal
Bearish Trend
72%
Odds of DOWN Trend
Price: $31.2
Daily change: +$0.93 (+3.07%)
Daily volume: 1.6M
Industry: Steel

This price move could be a signal that MT may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 54 similar cases where MT's price broke its higher Bollinger Band, and 39 of them led to a successful outcome. Odds of Success: 72%.