The Greedy Trader Weekly Analysis
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Archive
- 10/10/2014
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United States Steel Corp.
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Summary:
Weekly :Stochastic signal line moved below overbought areaLane's Stochastic bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldThe Bollinger Bands are historically far apart
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It was the third consecutive negative week for the United States Steel Corp. (X). During the week, the X dropped -3.79 points, or -10.43%, and closed at 32.55 on Friday, October 10, 2014. Weekly volume was 54% above average.

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 45.53% retracement level.

Medium-term trend: [See X medium-term trend chart]
A medium-term uptrend had started on June 3, 2014 at 22.47 and reached 46.55 on September 17, 2014. X gained -24.08 points, or -107.17%, in 15 weeks. The price is now at the 58.14% 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 below overbought area. Such crossover is considered a bearish signal. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Lane's Stochastic 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 17, 2014 at 46.55 and reached 32.21 on October 10, 2014. X lost 14.34 points, or 30.81%, in 23 days. Price is near the trend low.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily Relative Strength Index, 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since September 24, 2014. 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.

The distance between the Bollinger Bands (48.66%) is close to one year high (40.02%). It is 197.53% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 8.09
Strong Oversold
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 9.65
Strong Oversold
Greed/Fear Indicator (GFI) 9.07
Strong Oversold
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.27
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 64.21
Bearish
Greed/Fear Indicator (GFI) 55.45
Moving Average Converg./Diverg. (MACD) 3.18
Trading Signals
Description Value Chart
Upper Bollinger Band 45.84
Weekly Stochastic Crossing 40.52
20 Day Moving Average 39.80
Parabolic System 39.03
50 Day Moving Average 38.38
Daily Stochastic Crossing 32.92
Price 32.55
Lower Bollinger Band 30.00
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry Metals Fabrication 122
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.55
High Date 09/17/2014
Low 32.21
Low Date 10/10/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 06/03/2014
High 46.55
High Date 09/17/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 06/03/2014
High 46.55
High Date 09/17/2014
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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