Our opinion on the current state of ARCMITTAL(ACL)ArcelorMittal (ACL) is South Africa's largest steel-producing company. It has survived where companies like Highveld Steel have disappeared.
Arguably, ArcelorMittal felt the impact of the sub-prime crisis more than any other South African company and has fallen from its high of R260 in June 2008
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−5 ZAR
−5.84 B ZAR
38.60 B ZAR
267.79 M
About ARCELORMITTAL SA LIMITED
Sector
Industry
CEO
Hendrik Jacobus Verster
Website
Headquarters
Vanderbijlpark
Founded
1928
ISIN
ZAE000134961
FIGI
BBG000BFHG27
ArcelorMittal South Africa Ltd. engages in the manufacture and sale of steel products. It operates through the following segments: Steel Operations, Non-steel Operations, and Corporate and Other. The company was founded in 1928 and is headquartered in Vanderbijlpark, South Africa.
Our opinion on the current state of ARCMITTAL(ACL)ArcelorMittal (ACL) is South Africa's largest steel producer and has managed to survive in an industry where competitors like Highveld Steel have disappeared. The company was severely impacted by the sub-prime crisis, with its share price falling from a high of R260 in June 2008 to as low as 25 cent
UPDATE ACL Profit target reached at R2.22Since the price broke abbove the W Formation and the Price went above above 20 and 200
THe momentum and buying just took off at an alarming rate.
So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis.
So what now?
Now, it's in a dangerou
UPDATE: Arcelerormittal on track to the first target to R2.22Arc from the last update completed the W Formation.
It finally broke above and what pressure there was for the buying and demand to kick in.
The Price is above 20 and 200 and the momentum is strong on the up.
This is a high probability long (buy) analysis
Target R2.22
Our opinion on the current state of ARCMITTAL(ACL)ArcelorMittal (ACL) is South Africa's largest steel-producing company. It has survived while other companies, like Highveld Steel, have disappeared. Arguably, ArcelorMittal felt the impact of the sub-prime crisis more than any other South African company, with its share price falling from a high of
UPDATE: Arcelormittal found major support - Still warningThese illiquid and low volatile penny stocks need weekly charts to remotely see the biger picture.
There are two facts.
The price broke below the Inv Cup and Handle with price bring below both 20 and 200 MA.
Second, the price has stabilised around an extremely strong and important support lev
Our opinion on the current state of ARCMITTAL(ACL)ArcelorMittal (ACL) is South Africa's largest steel-producing company. It has survived where companies like Highveld Steel have disappeared. Arguably, ArcelorMittal felt the impact of the sub-prime crisis more than any other South African company and has fallen from its high of R260 in June 2008 to
ACL: symmetrical triangle pattern?A price action above 118 supports a bullish trend direction.
Further bullish confirmation for a break above 129.
The first target price is set at 141 (its 61.8% Fibonacci retracement level).
The second target price is set at 168 (its 100% retracement level).
A break up out of the symmetrical triangl
ArcelorMittal - Worth the risk. Potential setup.There are specific price levels back in 2020 that have been hit. After that we see some sort of achievement which results in a trade setup as we now have to come back to test another specific area. This all has to happen in a specific sequence too... and all this despite news. If we do execute this
Arcelormittal investment short to 20 cents continuesInv Cup and Handle formed on July 2021...
The price broke below and since then it's been on a downward trajectory with a solid downtrend.
Now the price is currently testing the downtrend, which can go either way.
If it breaks up, we will see short term upside to 3.00.
If it turns and continue
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of ACL is 125 ZAC — it has increased by 7.44% in the past 24 hours. Watch ARCELORMITTAL SA LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on JSE exchange ARCELORMITTAL SA LIMITED stocks are traded under the ticker ACL.
ACL stock has risen by 12.07% compared to the previous week, the month change is a 25.00% rise, over the last year there was no change in ARCELORMITTAL SA LIMITED price.
ACL stock is 8.94% volatile and has beta coefficient of 2.23. Track ARCELORMITTAL SA LIMITED stock price on the chart and check out the list of the most volatile stocks — is ARCELORMITTAL SA LIMITED there?
Today ARCELORMITTAL SA LIMITED has the market capitalization of 1.38 B, it has decreased by −15.00% over the last week.
Yes, you can track ARCELORMITTAL SA LIMITED financials in yearly and quarterly reports right on TradingView.
ARCELORMITTAL SA LIMITED is going to release the next earnings report on Jul 24, 2025. Keep track of upcoming events with our Earnings Calendar.
ACL net income for the last half-year is −4.63 B ZAR, while the previous report showed −1.21 B ZAR of net income which accounts for −280.97% change. Track more ARCELORMITTAL SA LIMITED financial stats to get the full picture.
No, ACL doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ARCELORMITTAL SA LIMITED EBITDA is −2.95 B ZAR, and current EBITDA margin is −7.64%. See more stats in ARCELORMITTAL SA LIMITED financial statements.
Like other stocks, ACL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ARCELORMITTAL SA LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ARCELORMITTAL SA LIMITED technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ARCELORMITTAL SA LIMITED stock shows the sell signal. See more of ARCELORMITTAL SA LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.