The Greedy Trader Weekly Analysis
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Archive
- 3/20/2015
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United States Steel Corp.
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBullish Harami CandlestickPrice is near the Fibonacci 38.2% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the United States Steel Corp. (X). During the week, the X gained 1.38 points, or 6.33%, and closed at 23.18 on Friday, March 20, 2015. Weekly volume was 37% above average.

Long-term trend: [See X long-term trend chart]
A long-term uptrend had started on April 22, 2013 at 15.80 and reached 46.55 on September 17, 2014. X gained -30.75 points, or -194.62%, in 73 weeks. The price is now at the 76% retracement level.

Medium-term trend: [See X medium-term trend chart]
A medium-term downtrend had started on September 17, 2014 at 46.55 and reached 20.13 on January 26, 2015. X lost 26.42 points, or 56.76%, in 18 weeks. The price is now at the 11.54% retracement level.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 10, 2014. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See X short-term trend chart]
A short-term downtrend had started on February 13, 2015 at 26.60 and reached 21.28 on March 16, 2015. X lost 5.32 points, or 20%, in 31 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See X candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.99
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 49.69
Greed/Fear Indicator (GFI) 39.96
Moving Average Converg./Diverg. (MACD) -0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.91
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 43.85
Greed/Fear Indicator (GFI) 33.16
Moving Average Converg./Diverg. (MACD) -2.00
Trading Signals
Description Value Chart
Upper Bollinger Band 25.10
50 Day Moving Average 23.47
20 Day Moving Average 23.21
Price 23.18
Daily Stochastic Crossing 22.81
Weekly Stochastic Crossing 22.79
Parabolic System 21.37
Lower Bollinger Band 21.18
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Metals Fabrication 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.60
High Date 02/13/2015
Low 21.28
Low Date 03/16/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.13
Low Date 01/26/2015
High 26.60
High Date 02/13/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.55
High Date 09/17/2014
Low 20.13
Low Date 01/26/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.80
Low Date 04/22/2013
High 46.55
High Date 09/17/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.80
Low Date 04/22/2013
High 46.55
High Date 09/17/2014
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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