ArcelorMittal Shares Break Through Key Resistance at Closing
On Wednesday, January 28, at closing, ArcelorMittal SA shares showed an increase of 1.12% at 46.78 euros. The stock broke through its technical resistance at 46.35 euros, solidifying the strong momentum observed in recent weeks with a rebound of 12.45% in one week and 37.63% over three months.
The breach of the resistance at 46.35 euros marks a significant event in this session for the steel giant. The stock is now well above its 20-day moving average, positioned at 41.95 euros, indicating a sustained upward trend. However, this technical progress is accompanied by a 14-day RSI reaching 75, signaling an overbought condition. This momentum indicator suggests that the recent upward movement might need a consolidation phase before potentially continuing. The one-month volatility stands at 9.57, reflecting relatively moderate price variations in a context of a marked rebound. Over a year, the performance has reached 96.97%, demonstrating a spectacular turnaround for the stock after a challenging period for the steel industry.
Positive Analyst Revisions for ArcelorMittal
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ArcelorMittal's case benefits from positive revisions by financial analysts. On January 22, Citi raised its price target from 45 to 55 euros, representing a potential upside of 17.6% from the current price. This revision came a week after Jefferies, which raised its target from 36 to 44 euros while maintaining a hold recommendation. These adjustments reflect an improvement in analysts' opinions for the steel producer, in a context where the sector benefits from favorable expectations regarding European legislation. Investors are now awaiting the publication of the 2025 annual results scheduled for February 6, which will allow an assessment of the group's operational trajectory.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ au 1T 2026.
La dépense d'impôts sur le revenu pour le 1T 2026 était de 136 M$.
L'augmentation de la dette nette à 9,3 milliards $ pourrait affecter la perception des investisseurs.
Pressions sur le coût des matières premières en raison de l'inflation.
Opportunities identified
L'augmentation de la production d'acier brut à 13,3 Mt en 1T 2026.
Le programme d'investissement stratégique en cours offre un potentiel de croissance.
Le redémarrage des hauts-fourneaux inactifs à Fos et Dabrowa a été préparé.
Les investissements dans de nouveaux fours à arc électrique augurent de meilleures performances.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
