Stock Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
ArcelorMittal SA (NYSE:MT)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MT
The long term trend has been DOWN since Mar 28th, 2018 at 30.210
The intermediate term trend has been DOWN since Apr 29th, 2019 at 21.610
The short term trend has been DOWN since Apr 23rd, 2019 at 23.035
Smart Scan Analysis for MT
Based on a pre-defined weighted trend formula for chart analysis, MT scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||37.5||Year High Date||2018-01-26|
|Year Low||21.87||Year Low Date||2018-11-27|
|52wk High||36.84||52wk High Date||2018-02-16|
|52wk Low||19.5||52wk Low Date||2019-01-02|
|Year End Close||17.47||Average Volume||3,251,813|
|Shares Outstanding||1,021,904||Short Interest||30,303,534|
|% Institutional||45.8||Market Cap||23,387M|