MT Stock News: Negative Expectations On Iron Ore And Coal Caused ArcelorMittal To Become Oversold

MT Stock News: Summary

  • Weak first quarter with further staggering losses.MT stock news
  • Iron ore and coal are not stabilizing as advertised.
  • Algorithmic evaluation of ArcelorMittal is bearish despite everything.

Algorithmic Analysis

The algorithms identified it as the 2nd strongest signal from our aggressive stock universe. Unlike the commodities themselves, ArcelorMittal is very predictable with a 1 year score of 0.56. The high positioning on the aggressive table hints to a potential upside of over 20%. However, if this materializes it could quickly flip and go back down if coal and iron ore spot prices continue to decline.

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