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Archive
- 8/19/2016
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United States Steel Corp.
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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic and MACD bullish divergencePrice has crossed below the 50 Day Moving Average
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It was the third consecutive negative week for the United States Steel Corp. (X). During the week, the X dropped -0.68 points, or -3.23%, and closed at 20.38 on Friday, August 19, 2016. Weekly volume was 7% above average.

Long-term trend: [See X long-term trend chart]
A long-term downtrend had started on September 17, 2014 at 46.55 and reached 6.15 on January 28, 2016. X lost 40.40 points, or 86.79%, in 71 weeks. The price is now at the 35.22% retracement level.

Medium-term trend: [See X medium-term trend chart]
A medium-term uptrend had started on January 28, 2016 at 6.15 and reached 27.64 on July 29, 2016. X gained -21.49 points, or -349.43%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 19.37 and resistance is at 27.99. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since December 18, 2015. This is an indication that the medium-term trend is up. 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 29, 2016 at 27.64 and reached 20.28 on August 19, 2016. X lost 7.36 points, or 26.63%, in 21 days. Price is near the trend low.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 8, 2016. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.68
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 12.02
Oversold Bullish
Greed/Fear Indicator (GFI) 15.05
Oversold
Moving Average Converg./Diverg. (MACD) 0.75 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.90
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 78.93
Greed/Fear Indicator (GFI) 63.96
Moving Average Converg./Diverg. (MACD) 1.96
Trading Signals
Description Value Chart
Upper Bollinger Band 27.14
Weekly Stochastic Crossing 24.60
20 Day Moving Average 23.99
Parabolic System 23.95
50 Day Moving Average 20.71
Daily Stochastic Crossing 20.62
Price 20.38
Monthly Trendline Support 19.37
Lower Bollinger Band 18.06
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry Metals Fabrication 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.64
High Date 07/29/2016
Low 20.28
Low Date 08/19/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.77
Low Date 05/19/2016
High 27.64
High Date 07/29/2016
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 27.99
Support 19.37
Low 6.15
Low Date 01/28/2016
High 27.64
High Date 07/29/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.55
High Date 09/17/2014
Low 6.15
Low Date 01/28/2016
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.00
High Date 06/24/2008
Low 6.15
Low Date 01/28/2016
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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