ArcelorMittal Shares Drop Nearly 12% in One Week to 42.94 Euros
ArcelorMittal experiences a sharp decline this Thursday morning, dropping 5.81% to 42.94 euros in early trading. The Luxembourg-based steelmaker's stock thus deepens its weekly losses, now reaching nearly 12%. This downturn is part of a broader weakness across European markets, with the CAC 40 down 1.64% during the session.
Technical Breakdown
ArcelorMittal's stock price is now significantly below its support threshold identified at 44.73 euros, a level that had previously acted as a technical floor. This break is particularly significant as the stock is below the lower Bollinger band (42.14 euros), indicating an unusual bearish extension. The RSI, at 29, places the stock in an oversold zone, reflecting intense selling pressure over recent sessions.
The short-term momentum is clearly downward: the price is moving away from its 50-day moving average, established at 48.33 euros, representing a gap of more than 11%. The 20-day moving average, at 50.81 euros, confirms the magnitude of the recent drop. Despite this sharp decline, the performance over one year remains largely positive, at 43.8%, and the stock remains above its 200-day moving average (35.72 euros), which puts the current correction into perspective over a longer horizon.
Widespread Decline Among Major European Stocks
ArcelorMittal's decline occurs in a context of a general pullback among major European stocks. During the session, the CAC 40 is down 1.64% at 7,838.95 points, while the SBF 120 loses 1.65% at 5,937.87 points. Leading industrial stocks such as Schneider Electric (-3.00%) and Airbus (-2.81%) are also experiencing significant sell-offs this morning.
The next key event to watch for ArcelorMittal is the publication of its first-quarter 2026 results, scheduled for April 30. This event could provide new insights into the operational trajectory of the group, in a year marked so far by high volatility of the stock — the one-month volatility stands at 16.53%. Over three months, the stock still shows a gain of 10.93%, reflecting the range of fluctuations since the beginning of the year.
