MT
ArcelorMittal S.A. Basic Materials - Steel Investor Relations →
ArcelorMittal S.A. (MT) closed at $61.30 as of 2026-02-02, trading 121.7% above its 200-week moving average of $27.65. The stock moved further from the line this week, up from 96.4% last week. With a 14-week RSI of 90, MT is in overbought territory.
Over the past 1439 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 $47.0 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 0.9x book value.
The company has been aggressively buying back shares, reducing its share count by 15.6% over the past three years.
Over the past 27.7 years, a hypothetical investment of $100 in MT would have grown to $274, compared to $998 for the S&P 500. MT has returned 3.7% annualized vs 8.7% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -59.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
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 -3.5% after 12 months (median +8.0%), compared to +12.9% for the S&P 500 over the same periods. 50% 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% | +121.9% |
| Jan 2000 | Sep 2003 | 189 | 91.9% | -77.2% | +174.0% |
| Sep 2008 | Jan 2017 | 433 | 74.5% | -19.6% | -15.9% |
| Jan 2017 | Feb 2017 | 1 | 2.0% | +44.2% | +182.7% |
| Apr 2017 | Jul 2017 | 13 | 15.8% | +48.2% | +204.7% |
| Nov 2018 | Jan 2019 | 9 | 9.9% | -23.7% | +193.9% |
| Feb 2019 | Feb 2019 | 1 | 3.6% | -18.3% | +204.8% |
| Mar 2019 | Dec 2020 | 93 | 66.3% | -37.5% | +220.4% |
| Sep 2022 | Oct 2022 | 4 | 7.5% | +22.5% | +218.1% |
| Oct 2023 | Nov 2023 | 5 | 9.1% | +11.3% | +181.6% |
| Apr 2024 | May 2024 | 4 | 0.7% | +9.4% | +150.1% |
| Jun 2024 | Feb 2025 | 35 | 19.4% | +22.1% | +150.3% |
| Mar 2025 | Apr 2025 | 1 | 6.3% | N/A | +151.7% |
| Average | 66 | — | +-4.1% | — |
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 Friday close, 2026-02-02