Monthly correction triggers technical indicators alert
Over a rolling month, ARCELORMITTAL SA has experienced a decline of 18.55%, a movement that has triggered a signal of abnormal weekly variation, with a performance of -1.95% for the past week. This corrective movement brings the stock close to its 50-day moving average, currently established at 48.39 euros, a level it has recently dropped below. However, the 200-day moving average, at 35.88 euros, remains significantly below the current price, indicating that the long-term trend remains positive, with a 67.68% gain over twelve months.
From a technical analysis perspective, the RSI is at 34, just exiting the oversold zone defined below the threshold of 30. This signal does not predict a rebound, but indicates that selling pressure has materialized with unusually high intensity over the recent period. The most relevant technical support is at 42.01 euros, approximately 7% below the current price.
UBS revises price target upward, but recommendation remains neutral
In the context of the decline, it is worth noting that UBS bank revised its price target on ArcelorMittal on March 31st, increasing it from 35.40 euros to 45.00 euros, while maintaining a neutral recommendation. This significant revision of the target comes as the stock is trading slightly above this new threshold, indicating a more favorable assessment of the company’s valuation by the analyst, without signaling a significant potential for an increase based on this evaluation.
Furthermore, today’s session is taking place in a context of overall market pressure, with other benchmark stocks also experiencing significant declines. The upcoming events to watch for the stock are the first quarter 2026 results, expected on April 30th.
