ArcelorMittal Shares Drop 3.15% Amid Geopolitical Tensions
This Thursday morning, ArcelorMittal's shares fell by 3.15% to €45.19, amidst significant market volatility following a new verbal escalation between Washington and Tehran. The day's decline is part of a monthly correction that has accelerated in recent weeks, as the global environment weighs on all industrial stocks.
Monthly Overview and Technical Analysis
Over the past month, ARCELORMITTAL SA has seen a decline of 18.55%, a fluctuation that triggered a signal of abnormal weekly variation, with the performance over the past week at -1.95%. This corrective movement brings the stock close to its 50-day moving average, currently at €48.39, a level it has already crossed downwards. The 200-day moving average remains significantly lower at €35.88, indicating that the longer-term trend is still positive, with a gain of 67.68% over twelve months. From a technical analysis perspective, the RSI is at 34, having exited 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 recently. The most relevant technical support is at €42.01, approximately 7% below the current price.
UBS Revises Price Target Amid Market Downturn
In this context of decline, it is important to note that UBS revised its price target for ArcelorMittal on March 31, raising it from €35.40 to €45.00 while maintaining a neutral recommendation. This significant increase in the target comes as the stock is trading just above this new threshold, reflecting a more favorable valuation of the company by the analyst, yet not indicating a significant upside potential according to this assessment. Moreover, today's session takes place in a generally pressured market context, with other benchmark stocks also experiencing marked declines. The next key dates to watch for the stock include the first quarter 2026 results, expected on April 30.
