The Greedy Trader Weekly Analysis
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Archive
- 9/5/2014
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United States Steel Corp.
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Summary:
Weekly :Overbought industryRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtRelative Strength Index bearish divergenceThe price is above the upper Bollinger BandPrice is near the Fibonacci 23.6% retracement level
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It was a seventh consecutive positive week for the United States Steel Corp. (X). During the week, the X gained 1.49 points, or 3.86%, and closed at 40.14 on Friday, September 05, 2014. Weekly volume was 15% above average.

X is a member of Metals Fabrication Industry. Metals Fabrication is the third most overbought 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 40.93 on September 4, 2014. X gained -25.13 points, or -159.05%, in 71 weeks. Price is near the trend high.

Medium-term trend: [See X medium-term trend chart]
A medium-term uptrend had started on June 3, 2014 at 22.47 and reached 40.93 on September 4, 2014. X gained -18.46 points, or -82.15%, in 13 weeks. Price is near the trend high.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 11, 2014. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See X short-term trend chart]
A short-term uptrend had started on August 28, 2014 at 37.31 and reached 40.93 on September 4, 2014. X gained -3.62 points, or -9.70%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence.

The daily MACD line is below its signal line since August 27, 2014. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 67.44
Bearish
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 73.75
Greed/Fear Indicator (GFI) 75.79
Moving Average Converg./Diverg. (MACD) 2.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 97.77
Strong Overbought Bearish
Williams' Percentage Range (W%R) 4.90
Strong Overbought
Lane's Stochastic (%D-Slow) 94.95
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 88.04
Overbought
Moving Average Converg./Diverg. (MACD) 1.63
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 40.18
Price 40.14
Upper Bollinger Band 40.09
Daily Stochastic Crossing 40.01
Parabolic System 37.94
20 Day Moving Average 37.73
Lower Bollinger Band 34.35
50 Day Moving Average 32.26
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry Metals Fabrication 161
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 37.31
Low Date 08/28/2014
High 40.93
High Date 09/04/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 06/03/2014
High 40.93
High Date 09/04/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 06/03/2014
High 40.93
High Date 09/04/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.80
Low Date 04/22/2013
High 40.93
High Date 09/04/2014
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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