Stock Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
ArcelorMittal 5.50% Mandatorily Convertible Subordinated Notes due 2023 (NYSE:MTCN)
Sidelines Mode (-55) - MTCN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 11th, 2022 at 61.20
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 69.00
The short-term trend has been UP since Mar 21st, 2023 at 64.44
Smart Scan Analysis for MTCN
Based on our trend formula, MTCN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||80.5||52wk High Date||2022-03-25|
|52wk Low||46.41||52wk Low Date||2022-09-28|