quantguy
Short

MT Losing Steam

NYSE:MT   ARCELORMITTAL SA LUXEMBOURG
This asset has been on a solid decline since the end of 2013, and there really isn't much to indicate a turnaround. Note the small wedge pattern forming. MT is desparetely trying to find footing, but there is a strong downtrend, and it keeps establishing new lows. The MACD crossover indicates that small attempt at a rally starting on 10/02 has taken a turn for the worse. Furthermore, the OBV indicates complete lack of buying pressure.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out