Stock Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
ArcelorMittal 5.50% Mandatorily Convertible Subordinated Notes due 2023 (NYSE:MTCN)
Long-Term Uptrend (+90) - MTCN is in a strong uptrend that is likely to continue. While MTCN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MTCN?
MarketClub looks at technical strength and momentum to determine if the timing is right for MTCN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MTCN
The long-term trend has been UP since Jan 11th, 2022 at 82.06
The intermediate-term trend has been UP since Dec 14th, 2021 at 72.29
The short-term trend has been UP since Jan 4th, 2022 at 75.93
Smart Scan Analysis for MTCN
Based on our trend formula, MTCN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||88.03||52wk High Date||2022-01-13|
|52wk Low||49.56||52wk Low Date||2021-01-27|