ArcelorMittal Shares Drop 14% in a Week, Key Support Threatened
ArcelorMittal SA has seen a significant decline this Friday, March 6, 2026, continuing a week of sharp corrections. The steel giant's stock is trading at 47.87 euros, down 2.92% from the previous day. Over seven days, the loss has reached 14%, erasing a significant portion of the gains made over the last three months.
Technical Indicators Signal Potential Further Decline
The share price of ArcelorMittal SA has fallen below its 20-day moving average, currently at 53.65 euros, and is now testing the proximity of its 50-day moving average at 46.96 euros. This level is a critical observation point: a downward breach could steer the stock towards the support threshold identified at 45.61 euros. Concurrently, the RSI stands at 43, indicating an intermediate zone that does not yet signal overselling but reflects a weakening of the bullish momentum that had prevailed for several months. Despite this pronounced weekly decline, the performance over three months remains positive, at nearly 30.8%, and over one year exceeds 58%.
Key Upcoming Date for ArcelorMittal Shareholders
The next major event for ArcelorMittal shareholders is scheduled for April 30, 2026, when the Luxembourg-based group will publish its first-quarter results. This deadline could play a crucial role in the direction of the stock, as the global macroeconomic environment remains tense, particularly due to geopolitical disruptions in the Middle East and the surge in energy prices. The rise in Brent crude, which has jumped nearly 11% in five days due to the unprecedented blockade of the Strait of Hormuz, is likely to impact the production costs of the energy-intensive steel sector. The group, which historically has a relatively low beta of 0.23 indicating moderate sensitivity to fluctuations in the benchmark index, will nevertheless have to deal with a monthly volatility of 17.11%, reflecting current uncertainties.
