ArcelorMittal shares top the CAC 40, testing their MM200 at €55.37
The steelmaker ranks first in the Paris market in mid-morning trading, in an upward-trending market. This rebound follows a month of decline, while the stock trades near long-term benchmarks and its quarterly results are approaching.
A stock testing its MM200 after a month of decline
ArcelorMittal shares gain 2.28% to €54.82 and hold the top spot in the CAC 40, which rises 0.49%. The stock is still 3.38% lower than a month ago, placing this rebound within a broader downward phase.
The price remains below the MM20 (a gap of 1.08%), the MM50 (8.65%) and the MM200, which it is less than 1% away from (a gap of 0.99%). This long-term moving average, at €55.37, is the closest benchmark, while the RSI at 43 remains neutral. Over one year, the stock still shows a gain of +65.32%.
Third-quarter results expected on November 5
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ArcelorMittal will publish its third-quarter 2026 results on November 5. At the publication of its H1 2026 results on July 30, the group displayed an outlook described as confident, with shareholder returns supported.
As of June 30, €985 million of shares had been bought back, or about 2.3% of market capitalization over twelve months. The Brent crude price, at $108.73 per barrel, falls 4.14% this morning.
Positive outlook across the near, medium and long term with robust shareholder returns and structurally higher quality earnings
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