Arcelormittal Stock Technical Analysis
| MTCNDelisted Stock | USD 61.83 0.06 0.1% |
As of the 28th of November, Arcelormittal shows the mean deviation of 1.93, and Risk Adjusted Performance of (0.03). In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Arcelormittal, as well as the relationship between them.
Arcelormittal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Arcelormittal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ArcelormittalArcelormittal |
Arcelormittal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
Arcelormittal Technical Analysis
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Arcelormittal Trend Analysis
Use this graph to draw trend lines for Arcelormittal. You can use it to identify possible trend reversals for Arcelormittal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Arcelormittal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Arcelormittal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Arcelormittal applied against its price change over selected period. The best fit line has a slop of 0.14 , which may suggest that Arcelormittal market price will keep on failing further. It has 122 observation points and a regression sum of squares at 711.27, which is the sum of squared deviations for the predicted Arcelormittal price change compared to its average price change.About Arcelormittal Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Arcelormittal on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Arcelormittal based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Arcelormittal price pattern first instead of the macroeconomic environment surrounding Arcelormittal. By analyzing Arcelormittal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Arcelormittal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Arcelormittal specific price patterns or momentum indicators. Please read more on our technical analysis page.
Arcelormittal November 28, 2024 Technical Indicators
Most technical analysis of Arcelormittal help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Arcelormittal from various momentum indicators to cycle indicators. When you analyze Arcelormittal charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.51) | |||
| Mean Deviation | 1.93 | |||
| Coefficient Of Variation | (2,108) | |||
| Standard Deviation | 2.51 | |||
| Variance | 6.32 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.52) | |||
| Maximum Drawdown | 13.06 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.33 | |||
| Skewness | (0.57) | |||
| Kurtosis | 1.31 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Other Consideration for investing in Arcelormittal Stock
If you are still planning to invest in Arcelormittal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Arcelormittal's history and understand the potential risks before investing.
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