ArcelorMittal Shares Drop 11% in a Week, Testing a Key Support Level
ArcelorMittal shares experienced a significant decline this Thursday, March 12, trading at 47.13 euros during the session, down 3.4% from the previous day's close of 48.79 euros. This downturn is part of a challenging week for the steelmaker, with the stock losing nearly 11% over seven days. The movement occurs amid a general weakness in European markets, with the CAC 40 down 0.39% and the SBF 120 falling 0.34% during the session.
Short-Term Fragility as Shares Trade Below 50-Day Moving Average
ArcelorMittal SA's stock price is now trading below its 50-day moving average of 47.73 euros, signaling short-term fragility. The stock is approaching its technical support threshold at 45.74 euros, which could serve as a floor if selling pressure continues. Additionally, the RSI at 38 indicates a pronounced bearish momentum without yet reaching the oversold zone, typically set below 30. This decline contrasts with a still solid three-month performance, with the stock gaining 22.64%, and particularly over one year with an increase of 64.16%. The 200-day moving average at 35.25 euros remains well below the current price, confirming that the underlying trend is still bullish despite the recent correction.
Key Financial Milestone Approaching on April 30, 2026
The next major financial milestone for the Luxembourg-based steel group is set for April 30, 2026, when it will publish its first-quarter results. Until then, the lack of immediate catalysts leaves the stock vulnerable to market movements and positioning adjustments. The monthly volatility of ArcelorMittal SA stands at 17.24%, a relatively high level that reflects the amplitude of recent fluctuations. In European trading this Thursday, the session remained bearish: the DAX lost 0.10% and the FTSE 100 declined by 0.34%. In Asia, the Nikkei 225 closed down 1.04% and the Hang Seng ended 0.70% lower. The next checkpoint for observers of the stock will be its ability to maintain the 45.74 euros zone in the upcoming sessions, pending new fundamental elements during the quarterly publication.
