After finishing as the weakest performer on the CAC 40 the previous day, ArcelorMittal orchestrates a spectacular turnaround on Thursday and ranks among the strongest gainers on the Paris index. The steelmaker has reached a new five-year high during the session, in a Paris market that is otherwise losing ground.
The stock touched €65.74 during the session, erasing the previous five-year record set at €65.70. The current price has retreated to €64.96, but the upward momentum remains intact: the daily gain stands at 1.09% while the CAC 40 falls 0.36% and the SBF 120 declines 0.24%. This counter-trend movement places ArcelorMittal among the strongest gainers on the CAC 40 for the session.
Over the past year, the stock shows an advance of 136.2%, and nearly 7% over the month, a dynamic that remains steady despite recent fluctuations. The context remains turbulent: the resumption of strikes between Iran and the United States around the Strait of Hormuz propelled Brent above $95 per barrel on Thursday, a gain of 5.43% for the session that increases the risk premium across all asset markets. The surge in sovereign bond yields — the 10-year UK gilt reached 5.268%, a high since 2008, and the 10-year US Treasury approaches 4.8% — is also weighing on European equity indices.
ArcelorMittal Firmly Anchored Above Its Three Moving Averages, RSI Balanced at 59
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
The moving average configuration is clear and coherent with the stock's multi-year progression. The price is trading above the 20-day MA at €63.42 (spread of 2.43%), above the 50-day MA at €59.86 (spread of 8.52%) and well above the 200-day MA at €51.01 (spread of 27.35%). This triple positioning above the moving averages confirms an uptrend established across all three timeframes. The RSI at 59 remains in neutral territory, with no overbought signal despite the annual amplitude of the rally, which leaves room before any tight configuration.
The next identified level is the €65 threshold, a round psychological level that the stock just approached by touching €65.74 intraday. The immediate support, a former broken resistance, is established at €57.78. During the publication of Q1 2026 results in late April, the group maintained its full-year guidance unchanged, anticipating volume growth and positive cash flow for the fiscal year.
FY'26 guidance unchanged: Production and shipments expected to grow across all regions YoY; our positive FCF outlook is unchanged
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ au 1T 2026.
La dépense d'impôts sur le revenu pour le 1T 2026 était de 136 M$.
L'augmentation de la dette nette à 9,3 milliards $ pourrait affecter la perception des investisseurs.
Opportunities identified
L'augmentation de la production d'acier brut à 13,3 Mt en 1T 2026.
Le programme d'investissement stratégique en cours offre un potentiel de croissance.
Le redémarrage des hauts-fourneaux inactifs à Fos et Dabrowa a été préparé.
Outlook / guidance
Management commentary: 2026 capex guidance remains unchanged at $4.5bn-$5.0bn
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
