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Archive
- 8/15/2014
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United States Steel Corp.
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Summary:
Weekly :Overbought industryRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBearish Dark Cloud Cover CandlestickThe period of high volatility of the stock price
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It was a fourth consecutive positive week for the United States Steel Corp. (X). During the week, the X gained 0.98 points, or 2.77%, and closed at 36.38 on Friday, August 15, 2014. Weekly volume was -18% below 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 37.03 on August 15, 2014. X gained -21.23 points, or -134.37%, in 68 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 37.03 on August 15, 2014. X gained -14.56 points, or -64.80%, in 10 weeks. Price is near the trend high.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 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 July 15, 2014 at 25.67 and reached 37.03 on August 15, 2014. X gained -11.36 points, or -44.25%, in 31 days. The price is now at the 5.72% retracement level.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily 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 daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since July 22, 2014. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 166.06% 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.

Candlestick pattern: [See X candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.53
Strong Overbought
Williams' Percentage Range (W%R) 1.10
Strong Overbought
Lane's Stochastic (%D-Slow) 92.75
Strong Overbought
Greed/Fear Indicator (GFI) 94.74
Strong Overbought
Moving Average Converg./Diverg. (MACD) 2.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.78
Overbought
Williams' Percentage Range (W%R) 0.80
Strong Overbought
Lane's Stochastic (%D-Slow) 88.77
Overbought
Greed/Fear Indicator (GFI) 87.10
Overbought
Moving Average Converg./Diverg. (MACD) 0.71
Trading Signals
Description Value Chart
Upper Bollinger Band 40.18
Daily Stochastic Crossing 36.84
Price 36.38
Weekly Stochastic Crossing 36.21
Parabolic System 35.28
20 Day Moving Average 32.37
50 Day Moving Average 28.41
Lower Bollinger Band 25.63
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry Metals Fabrication 161
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 25.67
Low Date 07/15/2014
High 37.03
High Date 08/15/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 06/03/2014
High 37.03
High Date 08/15/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 06/03/2014
High 37.03
High Date 08/15/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.80
Low Date 04/22/2013
High 37.03
High Date 08/15/2014
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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