ArcelorMittal Share: Already Down 20.5% in One Month, Steelmaker Continues to Decline
The steelmaker ranks among the strongest declines in the Paris index mid-morning, in a European market oriented downward. The stock is moving away from its short-term averages and extends a month of decline.
A Share Below its Moving Averages, Touching the 200-Day MA at €54.03
ArcelorMittal share loses 3.24% to €53.78, placing it among the strongest declines of the CAC 40, which falls 0.81%. The share was already weakened: it drops 20.37% over one month and 9.4% over seven days. It falls back below its support level of €55.58, then finds itself in contact with the 200-day MA (€54.03, decline of -0.46%), the only moving average it has not yet broken below. The 20-day MA and the 50-day MA are more than 12% above the price, a sign of rapid decline.
The RSI at 31 remains close to the oversold zone. Despite this decline, the share maintains a gain of 62.33% over one year. Brent, at $104.14 per barrel, advances 3.93% over the session, but the link with the steelmaker remains indirect, via energy costs.
Two Divergent Analyst Opinions on Price Target, Published October 6
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Two brokerage houses published their opinion on Tuesday, October 6. Kepler Cheuvreux lowered its price target from €73 to €72 and remains a buyer, leaving potential of approximately 34% compared to today's price. Goldman Sachs raised its target from €48 to €54 with a neutral view, at a level very close to the current price. The analyst consensus therefore remains divided on the value. On fundamentals, the group published its first-half 2026 results on July 30, with guidance deemed confident on short, medium and long-term prospects.
Positive outlook across the near, medium and long term with robust shareholder returns and structurally higher quality earnings
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