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United States Steel Corp.
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|It was the first negative week for the United States Steel Corp. (X). During the week, the X dropped -1.74 points, or -6.60%, and closed at 24.62 on Friday, February 20, 2015. X was trading at average weekly trading volume. |
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. The price is now at the 71.32% retracement 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 20.13 on January 26, 2015. X lost 26.42 points, or 56.76%, in 18 weeks. The price is now at the 16.99% retracement level.
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 above oversold area. Such crossover is considered a bullish 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 below its signal line since October 10, 2014. This is an indication that the medium-term trend is down. 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 February 13, 2015 at 26.60 and reached 24.15 on February 19, 2015. X lost 2.45 points, or 9.21%, in 6 days. The price is now at the 19.18% retracement level.
Daily Technical Indicators: [See X daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since January 23, 2015. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.