ArcelorMittal share leads the CAC 40, +17% over 3 months
The Luxembourg-based steelmaker stands out as the best performer on the CAC 40 during mid-session trading on Tuesday, September 22, 2026, in a Paris market advancing cautiously. Over three months, the share shows a gain of nearly 17%, continuing an exceptional quarterly track record.
Leading the CAC 40, the share consolidates at the level of its 20-day moving average
ArcelorMittal advances 2.26% to €64.28 during the session, posting the strongest gain on the CAC 40 while the Paris index only gains 0.2%. The DAX advances by 0.94% during the session, in an overall well-oriented Europe. Over the week, the share already shows a gain of 2.62%, in line with a remarkable quarter at +16.92%.
The technical configuration warrants attention: the price is trading at the level of the 20-day moving average at €64.49, with a negative spread of only 0.33%, making it a pivot level to watch. On the other hand, the share maintains a comfortable cushion above its 50-day moving average at €62.33 (spread of +3.13%) and remains well above its 200-day moving average at €52.73, representing a spread of nearly 22%. The RSI at 46 remains in neutral territory, showing no particular signal in either direction, while the MACD displays a slightly negative histogram at -0.29, reflecting momentum losing momentum after the recent advance.
An exceptional annual performance, driven by positively-stated prospects
Over one year, the share shows a gain of 114.2%, a rare performance for a CAC 40 value. This movement is part of a bullish dynamic that began several months ago, marked notably by a five-year high at €68.42 recorded in early September 2026. Since this peak, the share has declined by approximately 6%, but recovers notable strength on Tuesday.
On the fundamental side, upon the publication of first-half 2026 results on July 30, 2026, management displayed confident messaging, mentioning positive prospects in the short, medium and long term, with a shareholder return level presented as structurally more solid. Furthermore, the group had completed approximately 100% of its €614 million share buyback program announced in May 2026, with nearly one billion euros repurchased in total by end of June 2026. The support at €61.16 constitutes the first reference level in case of a reversal, while the resistance at €67.54, close to the September high, remains the next zone to breach to reconnect with recent peaks.
