ArcelorMittal Shares Drop 3.59% on Monday Despite Underlying Bullish Trend

Current Market Performance

ArcelorMittal SA's stock is trading at €51.52 mid-morning, after closing at €53.44 on Friday. This drop of 3.59% contrasts with the dynamics observed in recent months: the stock still shows a gain of 22.55% over three months and 116.3% over a year. This Monday, the CAC 40 loses 1.13% in session, while the SBF 120 drops 1.08%. Other major industrial stocks listed in Paris are also suffering: Airbus is down 1.91% and Schneider Electric falls by 1.61%. However, the German DAX is showing a significant increase (+2.27%), highlighting a movement of weakness concentrated on the Parisian market. On the agenda, the publication of the first quarter 2026 results is expected on April 30, a deadline likely to focus market attention in the coming days.

Technical Analysis

Technically, the RSI of ArcelorMittal's stock stands at 34, close to the oversold zone (generally set at 30), indicating sustained selling pressure over the last few sessions. The current price of €51.52, however, remains above the 50-day moving average (€48.39) and significantly higher than the 200-day moving average (€35.88), which indicates that the bullish trend is still intact in the medium and long term. Regarding Bollinger Bands, the stock is positioned at 60% of the amplitude between the lower bound (€39.76) and the upper bound (€59.41), which is in the upper part of the band, without any overbought signal. The nearest support threshold is at €42.01, while the identified resistance stands at €56.92, a level from which the stock has distanced itself with today's decline. Monthly volatility remains moderate at 10.72%, with a very low beta of 0.09, indicating a significant decorrelation from major benchmark indices.