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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 -1.26 points, or -6.14%, and closed at 19.27 on Friday, August 14, 2015. Weekly volume was 21% above average. |
Long-term trend: [See X long-term trend chart]
A long-term downtrend had started on September 17, 2014 at 46.55 and reached 15.68 on July 27, 2015. X lost 30.87 points, or 66.32%, in 44 weeks. The price is now at the 11.63% retracement level.
Medium-term trend: [See X medium-term trend chart]
A medium-term downtrend had started on April 15, 2015 at 27.68 and reached 15.68 on July 27, 2015. X lost 12.00 points, or 43.35%, in 14 weeks. The price is now at the 29.92% 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 June 26, 2015. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 27, 2015 at 15.68 and reached 21.49 on August 10, 2015. X gained -5.81 points, or -37.05%, in 14 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See X daily technical indicators chart]
Daily technical indicators are neutral. 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 27, 2015. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
During the last week, the price has declined below 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.