ArcelorMittal Shares Dip 1.2% at the Close of December 16
The shares of steel giant ArcelorMittal closed the session on Tuesday, December 16, 2025, at 38.78 euros, down by 1.2% compared to the previous day. This decline follows a notable weekly increase of 5.21% and amidst a spectacular revaluation of the stock over the past year.
Analyst Recommendations Remain Largely Positive
The environment of analyst recommendations remains generally favorable for the stock. On December 16, Zacks raised its price target from 45 to 48 euros while maintaining a neutral recommendation, while JP Morgan had previously raised its target to 45 euros with an overweight advice on December 3. These adjustments reflect the improved outlook for the group following quarterly results deemed satisfactory. ArcelorMittal reported an EBITDA of 1.508 billion dollars for the third quarter of 2025, with a margin of 9.6%, in a steel environment that remains tense. Additionally, ArcelorMittal reduced its capital by canceling 77.8 million self-held shares on November 21, a technical operation that mechanically strengthens the value per share.
Technical Indicators Suggest Caution in the Short Term
Technically, ArcelorMittal shows signals that warrant caution in the short term. The RSI indicator is at 75, well above the threshold of 70 generally considered as the overbought zone. This high level suggests that a consolidation phase might occur before a continuation of the uptrend. The MACD remains in positive territory with a MACD line at 1.07 above its signal line at 0.87, confirming the maintenance of the upward trend despite the session's decline. The MACD histogram at 0.20 indicates that the momentum remains favorable but could be waning. The stock is now very close to the upper Bollinger band, indicating compressed volatility after a strong rise. The Chaikin Money Flow at 0.14 shows that buying pressure is still present, albeit moderate. The Stochastic signal displays a buy advice, while the price remains well above its medium and long-term moving averages. The graphical configuration argues for a technical breathing phase before a possible bullish resumption, especially since the stock has gained more than 60% over the year. Investors will monitor the stock's ability to consolidate above the immediate support while digesting recent gains in a still fragile European sectoral context.
