MT Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
ArcelorMittal SA is not a strong buy at the moment for a beginner investor with a long-term focus. The stock lacks clear positive catalysts, and financial performance has been weak. While technical indicators suggest some bullish momentum, the lack of recent positive news, mixed analyst ratings, and poor financial results make it prudent to hold off on buying for now.
The technical indicators show a mixed picture. The MACD is positive but contracting, RSI is neutral at 59.776, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key resistance levels are at 61.701 and 64.311, while support levels are at 53.251 and 50.641. The stock is trading near resistance levels, which could limit upside potential in the short term.
The stock has bullish moving averages, and some analysts have raised price targets recently, such as Wells Fargo increasing the target to $60.
Mixed analyst ratings with a recent downgrade from JPMorgan citing risks in European metals and mining. No recent news to act as a catalyst. Options data shows bearish sentiment, and stock trend analysis predicts potential declines in the short term.
In 2025/Q4, revenue increased by 1.75% YoY to $14.97 billion. However, net income dropped significantly by -145.38% YoY to $177 million, and EPS fell by -145.10% YoY to $0.23. This indicates declining profitability despite slight revenue growth.
Analyst ratings are mixed. Recent upgrades include Jefferies upgrading to Buy with a price target of EUR 62 and Citi raising the target to EUR 66. However, JPMorgan downgraded the stock to Underweight, citing geopolitical risks and a negative outlook on European metals and mining stocks. The consensus view appears cautious with no strong bullish sentiment.
