The Greedy Trader Weekly Analysis
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Archive
- 4/11/2014
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United States Steel Corp.
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Summary:
Weekly :Oversold sector
Daily :Daily  MACD line has moved below its signal lineThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the first negative week after 3 consecutive positive weeks for the United States Steel Corp. (X). During the week, the X dropped -0.89 points, or -3.21%, and closed at 26.87 on Friday, April 11, 2014. It was the worst weekly loss since February 21, 2014. Weekly volume was -18% below 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. The price is now at the 27.88% retracement level.

Medium-term trend: [See X medium-term trend chart]
A medium-term downtrend had started on January 2, 2014 at 31.15 and reached 23.32 on February 25, 2014. X lost 7.83 points, or 25.14%, in 7 weeks. The price is now at the 45.34% retracement level.

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

The weekly MACD line is below its signal line since January 24, 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 April 3, 2014 at 28.80 and reached 26.45 on April 11, 2014. X lost 2.35 points, or 8.16%, in 8 days. The price is now at the 17.87% 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 declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.64
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 45.62
Greed/Fear Indicator (GFI) 54.46
Moving Average Converg./Diverg. (MACD) 0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.89
Williams' Percentage Range (W%R) 48.30
Lane's Stochastic (%D-Slow) 61.15
Greed/Fear Indicator (GFI) 53.14
Moving Average Converg./Diverg. (MACD) 1.09
Trading Signals
Description Value Chart
Upper Bollinger Band 29.06
Parabolic System 28.83
Daily Stochastic Crossing 27.67
Weekly Stochastic Crossing 27.26
20 Day Moving Average 27.11
Price 26.87
50 Day Moving Average 25.88
Lower Bollinger Band 25.01
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Metals Fabrication 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.80
High Date 04/03/2014
Low 26.45
Low Date 04/11/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.32
Low Date 02/25/2014
High 28.80
High Date 04/03/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.15
High Date 01/02/2014
Low 23.32
Low Date 02/25/2014
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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