ArcelorMittal stock records a third gain in four sessions, +10% over 3 months
The steelmaker chalks up a third gain in four sessions in Paris, bringing its quarterly performance to more than 10%. The move comes during a globally positive session for European markets, while the Federal Reserve has just raised its rates by 25 basis points for the first time since 2023.
A gain of 1.11% that positions the stock above its three moving averages
ArcelorMittal closes at €65.40, up 1.11% compared to the previous close at €64.68. The stock trades above its 20-day moving average at €64.22 (spread of +1.84%), above its 50-day moving average at €61.83 (+5.77%) and well above its 200-day moving average at €52.33. This configuration, where the three moving averages are crossed upward and ordered in increasing fashion, illustrates a fundamental dynamic that also translates into +10.44% over three months.
The RSI at 56 remains in neutral territory, with no sign of overbought conditions. The nearest resistance is identified at €67.54, approximately 3.3% above the current price, a level already tested in early September during the five-year high of €68.42. Today's advance is accompanied by a decline in the VIX to 15.78 (versus 17.71 the previous day), reflecting a easing of overall market nervousness.
A macro environment tightened by the Fed and energy prices, but a one-year performance of +122%
Thursday's session on September 17, 2026 is marked by the FOMC's decision to raise the target range for the federal funds rate to 3.75%-4.00%, the first increase since 2023, with an open signal on a possible further increase if inflation does not decline further. This backdrop of monetary tightening weighs on global financial conditions, an environment that can affect industrial demand and therefore the outlook for the steel sector. Furthermore, European gas prices remain close to their 2022 peaks, fueling high energy costs for steel production in Europe. Despite these headwinds, ArcelorMittal is posting a gain of 122.4% over one year, testifying to a structural bullish dynamic that has been underway for several quarters.
When publishing H1 2026 results on July 30, 2026, the group expressed a positive outlook for the short and medium term, with shareholder returns described as robust. The analyst views published in early September, notably that of Deutsche Bank which had raised its price target, had accompanied the stock's rise to its five-year highs. The next technical test remains the resistance at €67.54.
