The Greedy Trader Weekly Analysis
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Archive
- 7/18/2014
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United States Steel Corp.
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Summary:
Weekly :Oversold sectorWeekly  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the first negative week after 4 consecutive positive weeks for the United States Steel Corp. (X). During the week, the X gave back -0.26 points, or -0.94%, and closed at 27.38 on Friday, July 18, 2014. It was the worst weekly loss since May 30, 2014. Weekly volume was 29% above average.

X is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See X long-term trend chart]
A long-term uptrend had started on April 22, 2013 at 15.80 and reached 31.15 on January 2, 2014. X gained -15.35 points, or -97.15%, in 36 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See X medium-term trend chart]
A medium-term uptrend had started on June 3, 2014 at 22.47 and reached 28.30 on July 11, 2014. X gained -5.83 points, or -25.95%, in 5 weeks. The price is now at the 15.78% retracement level.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 11, 2014 at 28.30 and reached 25.67 on July 15, 2014. X lost 2.63 points, or 9.29%, in 4 days. The price is now at the 65.02% retracement level.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.46
Williams' Percentage Range (W%R) 48.70
Lane's Stochastic (%D-Slow) 34.86
Greed/Fear Indicator (GFI) 48.87
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.66
Williams' Percentage Range (W%R) 34.40
Lane's Stochastic (%D-Slow) 68.79
Greed/Fear Indicator (GFI) 61.60
Moving Average Converg./Diverg. (MACD) 0.20
Trading Signals
Description Value Chart
Parabolic System 27.93
Upper Bollinger Band 27.67
Price 27.38
Weekly Stochastic Crossing 26.90
Daily Stochastic Crossing 26.70
20 Day Moving Average 26.48
50 Day Moving Average 25.20
Lower Bollinger Band 25.00
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Metals Fabrication 72
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.30
High Date 07/11/2014
Low 25.67
Low Date 07/15/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 06/03/2014
High 28.30
High Date 07/11/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.15
High Date 01/02/2014
Low 22.47
Low Date 06/03/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.80
Low Date 04/22/2013
High 31.15
High Date 01/02/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.95
High Date 04/06/2010
Low 15.80
Low Date 04/22/2013
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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