For its latest trading sesion, ArcelorMittal (NYSE:MT) dropped by -4.5% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.017, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.322, an Accumulation/Distribution Index (ADI) of 0.322, an On-Balance Volume (OBV) of 465.851, and a Chaiikin Money Flow (CMF) of 17.71. 4.857
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for ArcelorMittal (NYSE:MT). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.