MT
ArcelorMittal S.A. Basic Materials - Steel Investor Relations →
ArcelorMittal S.A. (MT) closed at $47.76 as of 2026-03-20, trading 67.7% above its 200-week moving average of $28.48. The stock is currently moving closer to the line, down from 78.8% last week. The 14-week RSI sits at 52, indicating neutral momentum.
Trading volume is running at 1.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.77 ratio) is neutral — neither side is clearly dominating.
Over the past 1445 weeks of data, MT has crossed below its 200-week moving average 13 times. On average, these episodes lasted 66 weeks. The average one-year return after crossing below was -4.1%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $36.6 billion, MT is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 6.0%. The stock trades at 0.7x book value.
The company has been aggressively buying back shares, reducing its share count by 5.5% over the past three years.
Over the past 27.8 years, a hypothetical investment of $100 in MT would have grown to $214, compared to $940 for the S&P 500. MT has returned 2.8% annualized vs 8.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -58.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MT vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MT Crosses Below the Line?
Across 13 historical episodes, buying MT when it crossed below its 200-week moving average produced an average return of +4.2% after 12 months (median +8.0%), compared to +13.3% for the S&P 500 over the same periods. 54% of those episodes were profitable after one year. After 24 months, the average return was -2.6% vs +32.6% for the index.
Each line shows $100 invested at the moment MT crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MT has crossed below its 200-week MA 13 times with an average 1-year return of +-4.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1998 | Dec 1999 | 76 | 75.6% | -30.3% | +73.3% |
| Jan 2000 | Sep 2003 | 189 | 91.9% | -77.2% | +114.0% |
| Sep 2008 | Jan 2017 | 433 | 74.5% | -19.6% | -34.3% |
| Jan 2017 | Feb 2017 | 1 | 2.0% | +44.2% | +120.8% |
| Apr 2017 | Jul 2017 | 13 | 15.8% | +48.2% | +137.9% |
| Nov 2018 | Jan 2019 | 9 | 9.9% | -23.7% | +129.6% |
| Feb 2019 | Feb 2019 | 1 | 3.6% | -18.3% | +138.0% |
| Mar 2019 | Dec 2020 | 93 | 66.3% | -37.5% | +150.2% |
| Sep 2022 | Oct 2022 | 4 | 7.5% | +22.5% | +148.4% |
| Oct 2023 | Nov 2023 | 5 | 9.1% | +11.3% | +119.9% |
| Apr 2024 | May 2024 | 4 | 0.7% | +9.4% | +95.3% |
| Jun 2024 | Feb 2025 | 35 | 19.4% | +22.1% | +95.5% |
| Mar 2025 | Apr 2025 | 1 | 6.3% | N/A | +96.6% |
| Average | 66 | — | +-4.1% | — |
Frequently Asked Questions
Is MT below its 200-week moving average?
No. ArcelorMittal S.A. (MT) is currently 67.7% above its 200-week moving average of $28.48. It would need to fall to $28.48 to cross below the line.
What is MT's 200-week moving average price?
ArcelorMittal S.A.'s 200-week moving average is $28.48 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MT drops below its 200-week moving average?
MT has crossed below its 200-week moving average 13 times in our data. The average one-year return after these crossings was -4.1%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 66 weeks on average.
Is MT a good value right now?
Here's what our data says about MT as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 52. Free cash flow is currently negative. Return on equity is 6.0%. Price-to-book is 0.7x. This is not a buy or sell recommendation — always do your own research.
How does MT compare to the S&P 500?
Over the past 27.8 years, $100 invested in MT would have grown to $214, compared to $940 for the S&P 500. That's 2.8% annualized vs 8.4% for the index. MT has underperformed the broader market over this period.
Does MT pay a dividend?
Yes. ArcelorMittal S.A. currently pays a dividend yield of 126.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20