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ArcelorMittal SA
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PenkeI guess you are interested in ArcelorMittal SA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of ArcelorMittal SA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of ArcelorMittal SA (30 sec.)










What can you expect buying and holding a share of ArcelorMittal SA? (30 sec.)

How much money do you get?

How much money do you get?
€0.90
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€63.32
Expected worth in 1 year
€63.72
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
€1.24
Return On Investment
4.9%

For what price can you sell your share?

Current Price per Share
€25.46
Expected price per share
€23.25 - €27.12
How sure are you?
50%

1. Valuation of ArcelorMittal SA (5 min.)




Live pricePrice per Share (EOD)

€25.46

Intrinsic Value Per Share

€53.84 - €86.72

Total Value Per Share

€117.15 - €150.04

2. Growth of ArcelorMittal SA (5 min.)




Is ArcelorMittal SA growing?

Current yearPrevious yearGrowGrow %
How rich?$56b$55.5b$478m0.9%

How much money is ArcelorMittal SA making?

Current yearPrevious yearGrowGrow %
Making money$919m$9.3b-$8.3b-912.2%
Net Profit Margin1.3%11.7%--

How much money comes from the company's main activities?

3. Financial Health of ArcelorMittal SA (5 min.)




4. Comparing to competitors in the Steel industry (5 min.)




  Industry Rankings (Steel)  


Richest
#3 / 330

Most Revenue
#1 / 330

Most Profit
#9 / 330

Most Efficient
#140 / 330

What can you expect buying and holding a share of ArcelorMittal SA? (5 min.)

Welcome investor! ArcelorMittal SA's management wants to use your money to grow the business. In return you get a share of ArcelorMittal SA.

What can you expect buying and holding a share of ArcelorMittal SA?

First you should know what it really means to hold a share of ArcelorMittal SA. And how you can make/lose money.

Speculation

The Price per Share of ArcelorMittal SA is €25.46. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of ArcelorMittal SA.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in ArcelorMittal SA, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €63.32. Based on the TTM, the Book Value Change Per Share is €0.10 per quarter. Based on the YOY, the Book Value Change Per Share is €11.11 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.21 per quarter.
Based on historical numbers we can estimate the returns while holding a share of ArcelorMittal SA.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps1.124.4%1.124.4%11.4444.9%5.1820.3%2.6510.4%
Usd Book Value Change Per Share0.110.4%0.110.4%12.0247.2%5.3921.2%0.311.2%
Usd Dividend Per Share0.230.9%0.230.9%0.411.6%0.291.2%0.271.1%
Usd Total Gains Per Share0.341.3%0.341.3%12.4248.8%5.6922.3%0.582.3%
Usd Price Per Share27.77-27.77-26.58-24.43-19.27-
Price to Earnings Ratio24.74-24.74-2.32--1.63--0.20-
Price-to-Total Gains Ratio82.74-82.74-2.14-8.71-7.66-
Price to Book Ratio0.41-0.41-0.39-0.47-0.41-
Price-to-Total Gains Ratio82.74-82.74-2.14-8.71-7.66-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share27.5346735
Number of shares36
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.230.29
Usd Book Value Change Per Share0.115.39
Usd Total Gains Per Share0.345.69
Gains per Quarter (36 shares)12.08204.70
Gains per Year (36 shares)48.34818.79
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
133163842777809
26532868415531628
3984713412723302447
41306318216931063266
51637923021138834085
61959527825346594904
722811132629654365723
826012637433862136542
929314242238069897361
1032515847042277668180

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%6.04.00.060.0%16.04.04.066.7%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%6.04.00.060.0%14.010.00.058.3%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%21.00.03.087.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%6.04.00.060.0%15.09.00.062.5%

Fundamentals of ArcelorMittal SA

About ArcelorMittal SA

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Liberia, Mexico, South Africa, and Ukraine. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

Fundamental data was last updated by Penke on 2024-03-14 04:19:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of ArcelorMittal SA.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit ArcelorMittal SA earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare ArcelorMittal SA to the Steel industry mean.
  • A Net Profit Margin of 1.3% means that €0.01 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of ArcelorMittal SA:

  • The MRQ is 1.3%. The company is making a profit. +1
  • The TTM is 1.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.3%TTM1.3%0.0%
TTM1.3%YOY11.7%-10.3%
TTM1.3%5Y5.5%-4.2%
5Y5.5%10Y3.0%+2.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3%2.6%-1.3%
TTM1.3%2.9%-1.6%
YOY11.7%4.8%+6.9%
5Y5.5%3.5%+2.0%
10Y3.0%2.9%+0.1%
1.1.2. Return on Assets

Shows how efficient ArcelorMittal SA is using its assets to generate profit.

  • Above 5% is considered healthy but always compare ArcelorMittal SA to the Steel industry mean.
  • 1.0% Return on Assets means that ArcelorMittal SA generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ArcelorMittal SA:

  • The MRQ is 1.0%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 1.0%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.0%TTM1.0%0.0%
TTM1.0%YOY9.8%-8.9%
TTM1.0%5Y4.7%-3.8%
5Y4.7%10Y2.6%+2.2%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0%1.1%-0.1%
TTM1.0%1.2%-0.2%
YOY9.8%1.9%+7.9%
5Y4.7%1.3%+3.4%
10Y2.6%1.0%+1.6%
1.1.3. Return on Equity

Shows how efficient ArcelorMittal SA is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare ArcelorMittal SA to the Steel industry mean.
  • 1.7% Return on Equity means ArcelorMittal SA generated €0.02 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ArcelorMittal SA:

  • The MRQ is 1.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.7%TTM1.7%0.0%
TTM1.7%YOY17.5%-15.8%
TTM1.7%5Y8.3%-6.6%
5Y8.3%10Y3.7%+4.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7%2.0%-0.3%
TTM1.7%2.2%-0.5%
YOY17.5%3.8%+13.7%
5Y8.3%2.4%+5.9%
10Y3.7%1.8%+1.9%

1.2. Operating Efficiency of ArcelorMittal SA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient ArcelorMittal SA is operating .

  • Measures how much profit ArcelorMittal SA makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare ArcelorMittal SA to the Steel industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of ArcelorMittal SA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY14.7%-14.7%
TTM-5Y8.4%-8.4%
5Y8.4%10Y7.4%+1.0%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.9%-5.9%
TTM-3.4%-3.4%
YOY14.7%6.1%+8.6%
5Y8.4%5.6%+2.8%
10Y7.4%4.1%+3.3%
1.2.2. Operating Ratio

Measures how efficient ArcelorMittal SA is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 1.90 means that the operating costs are €1.90 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of ArcelorMittal SA:

  • The MRQ is 1.896. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.896. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.896TTM1.8960.000
TTM1.896YOY1.714+0.182
TTM1.8965Y1.796+0.101
5Y1.79610Y1.820-0.024
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8961.706+0.190
TTM1.8961.629+0.267
YOY1.7141.488+0.226
5Y1.7961.527+0.269
10Y1.8201.306+0.514

1.3. Liquidity of ArcelorMittal SA.

1.3. Liquidity
1.3.1. Current Ratio

Measures if ArcelorMittal SA is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 1.53 means the company has €1.53 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of ArcelorMittal SA:

  • The MRQ is 1.527. The company is able to pay all its short-term debts. +1
  • The TTM is 1.527. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.527TTM1.5270.000
TTM1.527YOY1.657-0.130
TTM1.5275Y1.442+0.085
5Y1.44210Y1.364+0.078
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5271.669-0.142
TTM1.5271.736-0.209
YOY1.6571.669-0.012
5Y1.4421.615-0.173
10Y1.3641.436-0.072
1.3.2. Quick Ratio

Measures if ArcelorMittal SA is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare ArcelorMittal SA to the Steel industry mean.
  • A Quick Ratio of 0.17 means the company can pay off €0.17 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ArcelorMittal SA:

  • The MRQ is 0.168. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.168. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.168TTM0.1680.000
TTM0.168YOY0.171-0.003
TTM0.1685Y0.233-0.064
5Y0.23310Y0.288-0.055
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1680.612-0.444
TTM0.1680.647-0.479
YOY0.1710.717-0.546
5Y0.2330.693-0.460
10Y0.2880.633-0.345

1.4. Solvency of ArcelorMittal SA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of ArcelorMittal SA assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare ArcelorMittal SA to Steel industry mean.
  • A Debt to Asset Ratio of 0.40 means that ArcelorMittal SA assets are financed with 40.3% credit (debt) and the remaining percentage (100% - 40.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of ArcelorMittal SA:

  • The MRQ is 0.403. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.403. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.403TTM0.4030.000
TTM0.403YOY0.412-0.009
TTM0.4035Y0.464-0.061
5Y0.46410Y0.522-0.058
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4030.447-0.044
TTM0.4030.449-0.046
YOY0.4120.477-0.065
5Y0.4640.487-0.023
10Y0.5220.510+0.012
1.4.2. Debt to Equity Ratio

Measures if ArcelorMittal SA is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare ArcelorMittal SA to the Steel industry mean.
  • A Debt to Equity ratio of 70.1% means that company has €0.70 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ArcelorMittal SA:

  • The MRQ is 0.701. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.701. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.701TTM0.7010.000
TTM0.701YOY0.733-0.032
TTM0.7015Y0.921-0.220
5Y0.92110Y1.179-0.258
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7010.812-0.111
TTM0.7010.848-0.147
YOY0.7330.938-0.205
5Y0.9210.997-0.076
10Y1.1791.192-0.013

2. Market Valuation of ArcelorMittal SA

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings ArcelorMittal SA generates.

  • Above 15 is considered overpriced but always compare ArcelorMittal SA to the Steel industry mean.
  • A PE ratio of 24.74 means the investor is paying €24.74 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ArcelorMittal SA:

  • The EOD is 24.528. Based on the earnings, the company is fair priced.
  • The MRQ is 24.740. Based on the earnings, the company is fair priced.
  • The TTM is 24.740. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD24.528MRQ24.740-0.212
MRQ24.740TTM24.7400.000
TTM24.740YOY2.323+22.417
TTM24.7405Y-1.634+26.374
5Y-1.63410Y-0.199-1.435
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD24.5288.509+16.019
MRQ24.7407.916+16.824
TTM24.7407.165+17.575
YOY2.3236.986-4.663
5Y-1.6348.371-10.005
10Y-0.19911.042-11.241
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of ArcelorMittal SA:

  • The EOD is 6.856. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 6.915. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 6.915. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.856MRQ6.915-0.059
MRQ6.915TTM6.9150.000
TTM6.915YOY3.209+3.706
TTM6.9155Y6.916-0.001
5Y6.91610Y7.405-0.489
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD6.8563.022+3.834
MRQ6.9152.944+3.971
TTM6.9152.158+4.757
YOY3.2091.434+1.775
5Y6.9160.944+5.972
10Y7.4051.561+5.844
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of ArcelorMittal SA is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 0.41 means the investor is paying €0.41 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of ArcelorMittal SA:

  • The EOD is 0.402. Based on the equity, the company is cheap. +2
  • The MRQ is 0.406. Based on the equity, the company is cheap. +2
  • The TTM is 0.406. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.402MRQ0.406-0.003
MRQ0.406TTM0.4060.000
TTM0.406YOY0.389+0.017
TTM0.4065Y0.465-0.060
5Y0.46510Y0.409+0.057
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD0.4021.005-0.603
MRQ0.4060.953-0.547
TTM0.4060.958-0.552
YOY0.3891.077-0.688
5Y0.4651.064-0.599
10Y0.4091.127-0.718
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of ArcelorMittal SA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1010.1010%11.109-99%4.985-98%0.285-64%
Book Value Per Share--63.31563.3150%63.214+0%49.648+28%43.615+45%
Current Ratio--1.5271.5270%1.657-8%1.442+6%1.364+12%
Debt To Asset Ratio--0.4030.4030%0.412-2%0.464-13%0.522-23%
Debt To Equity Ratio--0.7010.7010%0.733-4%0.921-24%1.179-41%
Dividend Per Share--0.2090.2090%0.378-45%0.271-23%0.248-16%
Eps--1.0381.0380%10.578-90%4.785-78%2.450-58%
Free Cash Flow Per Share--3.7133.7130%7.659-52%4.402-16%3.486+7%
Free Cash Flow To Equity Per Share--2.4042.4040%7.116-66%1.657+45%1.212+98%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--86.725--------
Intrinsic Value_10Y_min--53.839--------
Intrinsic Value_1Y_max--6.692--------
Intrinsic Value_1Y_min--4.700--------
Intrinsic Value_3Y_max--21.630--------
Intrinsic Value_3Y_min--14.807--------
Intrinsic Value_5Y_max--38.404--------
Intrinsic Value_5Y_min--25.589--------
Market Cap20694991568.640-2%21019622042.90021019622042.9000%19979548921.600+5%20574895597.044+2%16517652302.786+27%
Net Profit Margin--0.0130.0130%0.117-88%0.055-76%0.030-56%
Operating Margin----0%0.147-100%0.084-100%0.074-100%
Operating Ratio--1.8961.8960%1.714+11%1.796+6%1.820+4%
Pb Ratio0.402-1%0.4060.4060%0.389+4%0.465-13%0.409-1%
Pe Ratio24.528-1%24.74024.7400%2.323+965%-1.634+107%-0.199+101%
Price Per Share25.455-1%25.67525.6750%24.575+4%22.583+14%17.817+44%
Price To Free Cash Flow Ratio6.856-1%6.9156.9150%3.209+115%6.9160%7.405-7%
Price To Total Gains Ratio82.030-1%82.73982.7390%2.139+3767%8.706+850%7.659+980%
Quick Ratio--0.1680.1680%0.171-2%0.233-28%0.288-42%
Return On Assets--0.0100.0100%0.098-90%0.047-79%0.026-62%
Return On Equity--0.0170.0170%0.175-90%0.083-79%0.037-54%
Total Gains Per Share--0.3100.3100%11.486-97%5.257-94%0.533-42%
Usd Book Value--56069774552.20056069774552.2000%55591759423.500+1%48353530340.800+16%42321539434.330+32%
Usd Book Value Change Per Share--0.1100.1100%12.016-99%5.393-98%0.308-64%
Usd Book Value Per Share--68.48868.4880%68.378+0%53.705+28%47.178+45%
Usd Dividend Per Share--0.2260.2260%0.408-45%0.293-23%0.268-16%
Usd Eps--1.1231.1230%11.442-90%5.176-78%2.650-58%
Usd Free Cash Flow--3288104065.2003288104065.2000%6735213162.750-51%4201732980.640-22%2364374830.095+39%
Usd Free Cash Flow Per Share--4.0164.0160%8.284-52%4.762-16%3.771+7%
Usd Free Cash Flow To Equity Per Share--2.6012.6010%7.698-66%1.793+45%1.311+98%
Usd Market Cap22385772379.798-2%22736925163.80522736925163.8050%21611878068.495+5%22255864567.323+2%17867144495.923+27%
Usd Price Per Share27.535-1%27.77327.7730%26.583+4%24.428+14%19.273+44%
Usd Profit--919029086.350919029086.3500%9302294408.300-90%4398139196.700-79%2445477396.910-62%
Usd Revenue--68277160903.75068277160903.7500%79846527062.600-14%69717206479.750-2%69295993148.770-1%
Usd Total Gains Per Share--0.3360.3360%12.425-97%5.686-94%0.576-42%
 EOD+4 -4MRQTTM+0 -0YOY+9 -265Y+14 -2110Y+17 -18

3.2. Fundamental Score

Let's check the fundamental score of ArcelorMittal SA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1524.528
Price to Book Ratio (EOD)Between0-10.402
Net Profit Margin (MRQ)Greater than00.013
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.168
Current Ratio (MRQ)Greater than11.527
Debt to Asset Ratio (MRQ)Less than10.403
Debt to Equity Ratio (MRQ)Less than10.701
Return on Equity (MRQ)Greater than0.150.017
Return on Assets (MRQ)Greater than0.050.010
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of ArcelorMittal SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.620
Ma 20Greater thanMa 5024.437
Ma 50Greater thanMa 10024.829
Ma 100Greater thanMa 20024.282
OpenGreater thanClose25.700
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Total Other Income Expense Net 28,660154,392183,0511,670,5721,853,623-473,3441,380,279-1,628,969-248,691



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets93,917,000
Total Liabilities37,849,000
Total Stockholder Equity53,961,000
 As reported
Total Liabilities 37,849,000
Total Stockholder Equity+ 53,961,000
Total Assets = 93,917,000

Assets

Total Assets93,917,000
Total Current Assets33,240,000
Long-term Assets60,677,000
Total Current Assets
Cash And Cash Equivalents 7,686,000
Net Receivables 3,661,000
Inventory 18,759,000
Other Current Assets 201,000
Total Current Assets  (as reported)33,240,000
Total Current Assets  (calculated)30,307,000
+/- 2,933,000
Long-term Assets
Property Plant Equipment 33,656,000
Goodwill 3,908,000
Long Term Investments 10,591,000
Intangible Assets 1,194,000
Long-term Assets Other 212,000
Long-term Assets  (as reported)60,677,000
Long-term Assets  (calculated)49,561,000
+/- 11,116,000

Liabilities & Shareholders' Equity

Total Current Liabilities21,769,000
Long-term Liabilities16,080,000
Total Stockholder Equity53,961,000
Total Current Liabilities
Short Long Term Debt 2,105,000
Accounts payable 13,245,000
Other Current Liabilities 360,000
Total Current Liabilities  (as reported)21,769,000
Total Current Liabilities  (calculated)15,710,000
+/- 6,059,000
Long-term Liabilities
Long term Debt 7,430,000
Capital Lease Obligations Min Short Term Debt1,146,000
Long-term Liabilities Other 401,000
Long-term Liabilities  (as reported)16,080,000
Long-term Liabilities  (calculated)8,977,000
+/- 7,103,000
Total Stockholder Equity
Retained Earnings 46,264,000
Total Stockholder Equity (as reported)53,961,000
Total Stockholder Equity (calculated)46,264,000
+/- 7,697,000
Other
Capital Stock303,000
Common Stock Shares Outstanding 818,681
Net Debt 1,849,000
Net Invested Capital 63,496,000
Net Working Capital 11,471,000
Property Plant and Equipment Gross 59,462,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
5,978,000
5,313,000
5,512,000
5,635,000
19,153,000
31,042,000
112,166,000
133,625,000
133,088,000
127,697,000
130,904,000
121,880,000
114,573,000
112,308,000
99,179,000
76,846,000
75,142,000
85,297,000
91,249,000
87,908,000
82,052,000
90,512,000
94,547,000
93,917,000
93,917,00094,547,00090,512,00082,052,00087,908,00091,249,00085,297,00075,142,00076,846,00099,179,000112,308,000114,573,000121,880,000130,904,000127,697,000133,088,000133,625,000112,166,00031,042,00019,153,0005,635,0005,512,0005,313,0005,978,000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,057,000
22,326,000
22,247,000
26,745,000
32,475,000
28,616,000
27,973,000
34,939,000
37,118,000
33,240,000
33,240,00037,118,00034,939,00027,973,00028,616,00032,475,00026,745,00022,247,00022,326,00028,057,00000000000000000
       Cash And Cash Equivalents 
214,000
85,000
77,000
80,000
2,496,000
2,035,000
6,020,000
7,860,000
7,576,000
5,919,000
6,207,000
3,821,000
4,398,000
6,072,000
3,893,000
2,074,000
900,000
873,000
340,000
1,424,000
5,963,000
4,371,000
9,414,000
7,686,000
7,686,0009,414,0004,371,0005,963,0001,424,000340,000873,000900,0002,074,0003,893,0006,072,0004,398,0003,821,0006,207,0005,919,0007,576,0007,860,0006,020,0002,035,0002,496,00080,00077,00085,000214,000
       Short-term Investments 
78,000
0
0
0
138,000
114,000
126,000
245,000
11,000
90,000
82,000
84,000
138,000
160,000
123,000
100,000
114,000
212,000
0
0
0
0
0
0
000000212,000114,000100,000123,000160,000138,00084,00082,00090,00011,000245,000126,000114,000138,00000078,000
       Net Receivables 
601,000
451,000
529,000
507,000
2,006,000
2,287,000
9,289,000
9,533,000
9,332,000
8,031,000
7,853,000
8,591,000
6,873,000
6,608,000
4,904,000
2,679,000
3,976,000
5,345,000
6,165,000
5,252,000
3,072,000
5,143,000
3,839,000
3,661,000
3,661,0003,839,0005,143,0003,072,0005,252,0006,165,0005,345,0003,976,0002,679,0004,904,0006,608,0006,873,0008,591,0007,853,0008,031,0009,332,0009,533,0009,289,0002,287,0002,006,000507,000529,000451,000601,000
       Other Current Assets 
97,000
102,000
133,000
135,000
972,000
1,240,000
4,689,000
5,940,000
2,754,000
1,932,000
8,950,000
1,420,000
1,360,000
1,945,000
1,833,000
850,000
667,000
519,000
2,978,000
505,000
5,369,000
3,782,000
1,517,000
201,000
201,0001,517,0003,782,0005,369,000505,0002,978,000519,000667,000850,0001,833,0001,945,0001,360,0001,420,0008,950,0001,932,0002,754,0005,940,0004,689,0001,240,000972,000135,000133,000102,00097,000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,895,000
58,552,000
58,774,000
59,292,000
54,079,000
55,573,000
57,429,000
60,677,000
60,677,00057,429,00055,573,00054,079,00059,292,00058,774,00058,552,00052,895,0000000000000000000
       Property Plant Equipment 
3,299,000
3,109,000
3,035,000
3,091,000
7,562,000
15,539,000
54,696,000
61,994,000
60,755,000
60,385,000
54,344,000
54,251,000
53,660,000
51,232,000
46,465,000
35,780,000
34,831,000
36,971,000
35,638,000
36,231,000
30,622,000
30,075,000
30,167,000
33,656,000
33,656,00030,167,00030,075,00030,622,00036,231,00035,638,00036,971,00034,831,00035,780,00046,465,00051,232,00053,660,00054,251,00054,344,00060,385,00060,755,00061,994,00054,696,00015,539,0007,562,0003,091,0003,035,0003,109,0003,299,000
       Goodwill 
0
0
0
0
0
0
8,020,000
12,663,000
13,629,000
14,828,000
12,589,000
12,471,000
8,164,000
7,735,000
7,322,000
5,143,000
5,248,000
5,294,000
4,986,000
5,104,000
3,992,000
3,931,000
3,767,000
3,908,000
3,908,0003,767,0003,931,0003,992,0005,104,0004,986,0005,294,0005,248,0005,143,0007,322,0007,735,0008,164,00012,471,00012,589,00014,828,00013,629,00012,663,0008,020,000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,035,000
5,603,000
5,223,000
6,555,000
5,761,000
7,301,000
6,817,000
10,319,000
10,765,000
10,591,000
10,591,00010,765,00010,319,0006,817,0007,301,0005,761,0006,555,0005,223,0005,603,0007,035,00000000000000000
       Intangible Assets 
0
0
0
0
0
1,439,000
10,782,000
15,031,000
16,119,000
17,034,000
14,373,000
14,053,000
9,581,000
8,734,000
8,104,000
449,000
403,000
443,000
742,000
328,000
320,000
494,000
1,136,000
1,194,000
1,194,0001,136,000494,000320,000328,000742,000443,000403,000449,0008,104,0008,734,0009,581,00014,053,00014,373,00017,034,00016,119,00015,031,00010,782,0001,439,00000000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
317,000
130,000
228,000
203,000
4,462,000
2,607,000
3,040,000
212,000
212,0003,040,0002,607,0004,462,000203,000228,000130,000317,0000000000000000000
> Total Liabilities 
5,094,000
4,975,000
5,384,000
5,486,000
11,564,000
19,058,000
61,975,000
72,090,000
73,858,000
62,299,000
64,804,000
61,403,000
59,376,000
59,135,000
54,019,000
51,574,000
45,007,000
46,508,000
49,163,000
49,387,000
41,815,000
39,168,000
38,957,000
37,849,000
37,849,00038,957,00039,168,00041,815,00049,387,00049,163,00046,508,00045,007,00051,574,00054,019,00059,135,00059,376,00061,403,00064,804,00062,299,00073,858,00072,090,00061,975,00019,058,00011,564,0005,486,0005,384,0004,975,0005,094,000
   > Total Current Liabilities 
1,434,000
1,209,000
1,274,000
1,460,000
6,230,000
5,615,000
24,560,000
32,209,000
30,760,000
23,530,000
30,723,000
23,824,000
23,818,000
25,235,000
21,123,000
18,041,000
18,115,000
21,410,000
23,455,000
21,287,000
22,667,000
24,167,000
22,398,000
21,769,000
21,769,00022,398,00024,167,00022,667,00021,287,00023,455,00021,410,00018,115,00018,041,00021,123,00025,235,00023,818,00023,824,00030,723,00023,530,00030,760,00032,209,00024,560,0005,615,0006,230,0001,460,0001,274,0001,209,0001,434,000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,200,000
437,000
1,123,000
1,735,000
1,968,000
1,838,000
0
0
0
0
00001,838,0001,968,0001,735,0001,123,000437,0001,200,00000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,200,000
1,806,000
1,820,000
2,711,000
3,098,000
2,608,000
2,507,000
1,913,000
2,583,000
2,105,000
2,105,0002,583,0001,913,0002,507,0002,608,0003,098,0002,711,0001,820,0001,806,0001,200,00000000000000000
       Accounts payable 
640,000
540,000
607,000
577,000
1,899,000
2,504,000
10,717,000
13,991,000
10,501,000
10,676,000
13,256,000
13,928,000
12,601,000
14,156,000
11,450,000
10,416,000
11,633,000
13,428,000
13,981,000
12,614,000
11,525,000
15,093,000
13,532,000
13,245,000
13,245,00013,532,00015,093,00011,525,00012,614,00013,981,00013,428,00011,633,00010,416,00011,450,00014,156,00012,601,00013,928,00013,256,00010,676,00010,501,00013,991,00010,717,0002,504,0001,899,000577,000607,000540,000640,000
       Other Current Liabilities 
403,000
331,000
405,000
520,000
3,990,000
2,777,000
8,921,000
9,676,000
11,853,000
8,719,000
10,751,000
7,112,000
6,878,000
6,987,000
7,151,000
2,164,000
1,752,000
2,029,000
3,178,000
2,810,000
5,566,000
3,576,000
3,167,000
360,000
360,0003,167,0003,576,0005,566,0002,810,0003,178,0002,029,0001,752,0002,164,0007,151,0006,987,0006,878,0007,112,00010,751,0008,719,00011,853,0009,676,0008,921,0002,777,0003,990,000520,000405,000331,000403,000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,702,000
23,032,000
23,686,000
26,138,000
19,148,000
15,001,000
16,559,000
16,080,000
16,080,00016,559,00015,001,00019,148,00026,138,00023,686,00023,032,00024,702,0000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,478,000
11,789,000
10,143,000
9,316,000
11,471,000
0
0
0
0
000011,471,0009,316,00010,143,00011,789,00017,478,000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,200,000
-437,000
-594,000
-1,247,000
-1,544,000
-711,000
815,000
880,000
1,056,000
1,146,000
1,146,0001,056,000880,000815,000-711,000-1,544,000-1,247,000-594,000-437,000-1,200,00000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
566,000
963,000
805,000
689,000
7,501,000
6,144,000
4,826,000
401,000
401,0004,826,0006,144,0007,501,000689,000805,000963,000566,0000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,078,000
11,712,000
10,826,000
10,314,000
0
0
0
0
0
0
00000010,314,00010,826,00011,712,00013,078,00000000000000000
> Total Stockholder Equity
884,000
338,000
128,000
149,000
5,846,000
10,150,000
42,127,000
56,685,000
55,198,000
61,045,000
62,430,000
56,690,000
51,723,000
49,793,000
42,086,000
25,272,000
30,135,000
38,789,000
42,086,000
38,521,000
38,280,000
49,106,000
53,152,000
53,961,000
53,961,00053,152,00049,106,00038,280,00038,521,00042,086,00038,789,00030,135,00025,272,00042,086,00049,793,00051,723,00056,690,00062,430,00061,045,00055,198,00056,685,00042,127,00010,150,0005,846,000149,000128,000338,000884,000
   Common Stock
4,000
7,000
7,000
7,000
59,000
60,000
17,000
9,269,000
9,269,000
9,950,000
9,950,000
9,403,000
9,403,000
10,011,000
10,011,000
10,011,000
401,000
401,000
364,000
364,000
393,000
350,000
312,000
0
0312,000350,000393,000364,000364,000401,000401,00010,011,00010,011,00010,011,0009,403,0009,403,0009,950,0009,950,0009,269,0009,269,00017,00060,00059,0007,0007,0007,0004,000
   Retained Earnings 
401,000
92,000
141,000
207,000
4,739,000
7,780,000
14,890,000
23,552,000
30,403,000
29,738,000
31,647,000
30,531,000
25,633,000
24,037,000
22,182,000
13,902,000
16,049,000
20,635,000
25,611,000
22,883,000
22,097,000
36,702,000
45,442,000
46,264,000
46,264,00045,442,00036,702,00022,097,00022,883,00025,611,00020,635,00016,049,00013,902,00022,182,00024,037,00025,633,00030,531,00031,647,00029,738,00030,403,00023,552,00014,890,0007,780,0004,739,000207,000141,00092,000401,000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,294,000
34,826,000
34,848,000
34,894,000
34,826,000
0
0
0
0
000034,826,00034,894,00034,848,00034,826,00020,294,000000000000000000
   Treasury Stock0000-602,000-569,000-362,000-371,000-377,000-399,000-414,000-414,000-419,000-427,000-2,823,000-5,800,000-1,552,00000-123,0000000
   Other Stockholders Equity 0-19,358,000-17,563,000-18,919,000-18,950,000-18,214,000-16,733,000-20,770,000-18,609,000-9,966,00000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue68,275,000
Cost of Revenue-63,538,000
Gross Profit4,737,0004,737,000
 
Operating Income (+$)
Gross Profit4,737,000
Operating Expense-65,935,000
Operating Income2,340,000-61,198,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative2,397,000
Selling And Marketing Expenses-
Operating Expense65,935,0002,397,000
 
Net Interest Income (+$)
Interest Income570,000
Interest Expense-958,000
Other Finance Cost-423,000
Net Interest Income-811,000
 
Pretax Income (+$)
Operating Income2,340,000
Net Interest Income-811,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)1,260,0002,609,000
EBIT - interestExpense = -958,000
919,000
1,877,000
Interest Expense958,000
Earnings Before Interest and Taxes (EBIT)-2,218,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax1,260,000
Tax Provision-238,000
Net Income From Continuing Ops1,022,0001,022,000
Net Income919,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-269,000811,000
 

Technical Analysis of ArcelorMittal SA
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of ArcelorMittal SA. The general trend of ArcelorMittal SA is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine ArcelorMittal SA's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of ArcelorMittal SA.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 25.93 < 26.95 < 27.12.

The bearish price targets are: 24.81 > 24.01 > 23.25.

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ArcelorMittal SA Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of ArcelorMittal SA. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

ArcelorMittal SA Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of ArcelorMittal SA. The current macd is 0.198428.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the ArcelorMittal SA price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for ArcelorMittal SA. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the ArcelorMittal SA price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
ArcelorMittal SA Daily Moving Average Convergence/Divergence (MACD) ChartArcelorMittal SA Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of ArcelorMittal SA. The current adx is 15.53.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy ArcelorMittal SA shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
ArcelorMittal SA Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of ArcelorMittal SA. The current sar is 24.04.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
ArcelorMittal SA Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of ArcelorMittal SA. The current rsi is 63.62. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
ArcelorMittal SA Daily Relative Strength Index (RSI) ChartArcelorMittal SA Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of ArcelorMittal SA. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the ArcelorMittal SA price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
ArcelorMittal SA Daily Stochastic Oscillator ChartArcelorMittal SA Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of ArcelorMittal SA. The current cci is 151.28.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
ArcelorMittal SA Daily Commodity Channel Index (CCI) ChartArcelorMittal SA Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of ArcelorMittal SA. The current cmo is 43.13.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
ArcelorMittal SA Daily Chande Momentum Oscillator (CMO) ChartArcelorMittal SA Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of ArcelorMittal SA. The current willr is -13.88286334.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
ArcelorMittal SA Daily Williams %R ChartArcelorMittal SA Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of ArcelorMittal SA.

ArcelorMittal SA Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of ArcelorMittal SA. The current atr is 0.47082109.

ArcelorMittal SA Daily Average True Range (ATR) ChartArcelorMittal SA Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of ArcelorMittal SA. The current obv is 21,489,138.

ArcelorMittal SA Daily On-Balance Volume (OBV) ChartArcelorMittal SA Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of ArcelorMittal SA. The current mfi is 69.34.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
ArcelorMittal SA Daily Money Flow Index (MFI) ChartArcelorMittal SA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for ArcelorMittal SA.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-06MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-07MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-18ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

ArcelorMittal SA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of ArcelorMittal SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.620
Ma 20Greater thanMa 5024.437
Ma 50Greater thanMa 10024.829
Ma 100Greater thanMa 20024.282
OpenGreater thanClose25.700
Total4/5 (80.0%)
Penke

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