A monthly correction that alerts technical indicators
Over the past month, ARCELORMITTAL SA has experienced a decline of 18.55%, a significant movement that triggered an abnormal weekly variation signal, with a weekly performance of -1.95%. This correction brings the stock close to its 50-day moving average, currently at 48.39 euros, a level it has already dropped below. The 200-day moving average, at 35.88 euros, remains significantly below the current price, indicating a positive long-term trend with a gain of 67.68% over twelve months.
From a technical analysis perspective, the RSI stands at 34, exiting the oversold zone defined below the 30 threshold. This signal does not predict a rebound but indicates that selling pressure has materialized with unusually high intensity in the recent period. The most relevant technical support is at 42.01 euros, approximately 7% below the current price.
An upward revision of the price target by UBS, but the recommendation remains neutral
During this downturn, it is important to note that UBS bank revised its price target on ArcelorMittal on March 31, 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 increase according to this evaluation.
Furthermore, today’s session takes 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 30.
