ArcelorMittal share falls below its 52.82 € support level and declines 2%
The steelmaker is settling in the lower ranks of the CAC 40 in late afternoon trading, while the Paris index remains balanced. The stock briefly pierced a technical threshold during the session before recovering some ground. The movement reflects a marked decline over the past month.
A support level pierced during the session, then recovered narrowly
The stock is down 1.94% at 53.48 € and ranks among the biggest decliners on the CAC 40, with the index remaining stable.
During the session, it breached its support level at 52.82 € down to a low of 52.74 €, before moving back above the threshold (latest price: 53.46 €). This limited rebound does not erase the short-term deterioration, as the price remains below its three moving averages: 4.17% below the 20-day MA (55.81 €), 11.56% below the 50-day MA (60.47 €) and 3.08% below the 200-day MA (55.18 €).
The RSI at 35 reflects this dynamic, with a decline of 4.7% over the week and 13.43% over the month, although the stock maintains a 57.34% gain over one year.
Oil rising and first-half figures in the background
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Brent crude climbs 2.40% to 112.04 $ per barrel, amid Middle East tensions. On the fundamentals front, ArcelorMittal published its first-half results on July 30, 2026, with a confident message on its prospects and shareholder returns.
The group also announced on May 19 a share buyback program of 614 M€, executed at approximately 100% by June 30, 2026. The support level at 52.82 €, tested and briefly breached during the session, remains the technical benchmark to monitor in the short term.
Positive outlook across the near, medium and long term with robust shareholder returns and structurally higher quality earnings
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