Possible Double-Bottom Pattern for ArcelorMittal
Luxembourg-based steel manufacturer ArcelorMittal (NYSE: MT) has struggled in 2018 and the stock is down just over 23% on a year to date basis. While that isn’t terrible given how many stocks in the materials sector have struggled, but there could be something in the chart that is a good sign for Arcelor.
Looking at the daily chart, we see that the stock hit a low at $23.80 back on October 26. The stock bounced from there, but then slipped again over the last few weeks. However, the stock hit a low of $23.83 on November 13 and that could be a double-bottom pattern for the stock.
For the pattern to be completed, the stock will need to rise above the high between the two lows. In the case of Arcelor, it will need to move above $26.34. There is still resistance looming overhead at the $28 level, but that is 12.9% above yesterday’s closing price.
Arcelor’s fundamental measurements are all over the place. Earnings have grown by 271% per year over the last three years, but the most recent quarter showed an earnings decline of 25%.
The return on equity is 13.3%, the profit margin is 6.6%, and the operating margin is 9.7%. All of those figures are average to below average.
The fundamentals and the long-term technical picture might not allow the stock to jump too much, but the short-term technical picture suggests that we could see a decent bounce.
MT in +3.74% Uptrend, rising for three consecutive days on July 09, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where MT advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 23, 2025. You may want to consider a long position or call options on MT as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MT just turned positive on June 26, 2025. Looking at past instances where MT's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 273 cases where MT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MT broke above its upper Bollinger Band on July 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.499) is normal, around the industry mean (1.224). P/E Ratio (21.357) is within average values for comparable stocks, (82.102). MT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.055). Dividend Yield (0.016) settles around the average of (0.043) among similar stocks. P/S Ratio (0.430) is also within normal values, averaging (2.098).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
an operator of mines, manufactures and distributes carbon steel and stainless steel products
Industry Steel
Advertisement