ArcelorMittal SA (AMSYF) Price

Mr. Aditya Mittal is the Chief Executive Officer of ArcelorMittal SA, joining the firm since 2021.

The current price of AMSYF is $34.05, it has decreased 0% in the last trading day.

ArcelorMittal SA belongs to Metals & Mining industry and the sector is Materials

ArcelorMittal SA's current market cap is $25.8B

According to wall street analysts, 21 analysts have made analyst ratings for ArcelorMittal SA, including 7 strong buy, 10 buy, 9 hold, 0 sell, and 7 strong sell

Looks like you're trying to chase a move without checking the charts, anon. ArcelorMittal (MT) isn't pumping on any specific news today; the move is purely technical, driven by a strong bullish trend on the daily chart and solid backing from analyst ratings.

The price action for MT today is a classic case of technical strength playing out in the absence of any major fundamental catalyst. Here’s the breakdown:

• Technical Indicators are Flashing Green (Daily Chart):

  • Strong Uptrend: The stock is comfortably trading above its 50-day MA ($33.34) and 200-day MA ($29.30). This is a textbook bullish setup, indicating a healthy, sustained uptrend .
  • Bullish Momentum: The daily MACD shows the MACD line (0.4402) well above its signal line (0.3022), with a positive histogram. This signals that bullish momentum has been building for the past week .
  • Room to Run: The daily RSI is at 59.88. While strong, it's not in overbought territory (above 70), suggesting there could be more upside before the trend gets exhausted .

• Intraday Action (Hourly Chart):

  • Today's price action has been a battle, but bulls appear to be winning.
  • A key signal is forming right now: the hourly MACD line is crossing above its signal line. As of the last hour, the histogram is nearly flat (-0.0002869), indicating an imminent bullish crossover which could fuel the next leg up today .

• Sentiment & Social Proof:

  • No News is Good News: My scan for company-specific news, filings, or insider trades in the last week came up empty . This reinforces that the current move is market-driven, not a reaction to a press release.
  • Wall Street is on Board: There's a strong consensus among analysts. Out of 19 analysts covering the stock, 17 have a "BUY" or "STRONG BUY" rating. The mean price target is $37.13, suggesting they see further upside from the current price of ~$34.88 .

The bottom line is you're seeing a continuation of a powerful trend. The daily chart provides the bullish context, and the hourly chart is showing signs of another push.

Instead of asking why after the fact, try setting up alerts on Edgen Radar to catch these technical setups before they take off. Just a thought.