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Archive
- 12/12/2014
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United States Steel Corp.
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Summary:
Weekly :Oversold industryWilliams' Percentage Range is oversoldPrice is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldRelative Strength Index and MACD bullish divergenceThe period of high volatility of the stock price
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It was the sixth negative week after 3 consecutive positive weeks for the United States Steel Corp. (X). During the week, the X dropped -4.28 points, or -13.33%, and closed at 27.82 on Friday, December 12, 2014. It was the worst weekly loss since October 3, 2014. Weekly volume was 8% above average.

X is a member of Metals Fabrication Industry. Metals Fabrication is the fourth most oversold industry. 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 46.55 on September 17, 2014. X gained -30.75 points, or -194.62%, in 73 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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 27.77 on December 12, 2014. X lost 18.78 points, or 40.34%, in 12 weeks. Price is near the trend low.

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 relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 October 29, 2014 at 42.25 and reached 27.77 on December 12, 2014. X lost 14.48 points, or 34.27%, in 44 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index and MACD have bullish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index 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 links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since November 10, 2014. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 104.08% higher then one year average. It indicates the period of high volatility of the stock price. 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) 24.69
Bullish
Williams' Percentage Range (W%R) 94.60
Strong Oversold
Lane's Stochastic (%D-Slow) 7.65
Strong Oversold
Greed/Fear Indicator (GFI) 12.59
Oversold
Moving Average Converg./Diverg. (MACD) -1.42 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.72
Williams' Percentage Range (W%R) 94.60
Strong Oversold
Lane's Stochastic (%D-Slow) 22.06
Greed/Fear Indicator (GFI) 20.28
Moving Average Converg./Diverg. (MACD) 2.23
Trading Signals
Description Value Chart
Upper Bollinger Band 37.49
50 Day Moving Average 34.64
20 Day Moving Average 32.84
Parabolic System 31.68
Weekly Stochastic Crossing 30.56
Daily Stochastic Crossing 28.22
Price 27.82
Lower Bollinger Band 27.07
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry Metals Fabrication 4
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 32.90
High Date 12/05/2014
Low 27.77
Low Date 12/12/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.25
High Date 10/29/2014
Low 27.77
Low Date 12/12/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.55
High Date 09/17/2014
Low 27.77
Low Date 12/12/2014
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 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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