ArcelorMittal Enters Oversold Territory with RSI at 26.8

ArcelorMittal SA shares are in oversold territory, with a Relative Strength Index (RSI) of 26.8, indicating potential for buying opportunities as selling pressure diminishes.

Date: 04-01-2025

AI Rating: 6

Relative Strength Index (RSI)
ArcelorMittal SA has an RSI of 26.8, which is below the oversold threshold of 30. This could indicate that the selling pressure is nearing its end, offering a potential buying opportunity for bullish investors. Comparatively, the average RSI in the metals and mining sector is 47.7, demonstrating that MT is significantly underperforming its peers.

52-Week Performance
The shares' 52-week trading range shows a low of $20.52 and a high of $28.95, with the latest price at $22.08, reflecting a decline of about 3.4% on the day. Investors looking to capitalize on potential reversals may see this as a critical time for entry into a position.

Stocks: MT