The Greedy Trader Weekly Analysis
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Archive
- 1/29/2016
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United States Steel Corp.
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :The price has fallen below the Parabolic SARBroken trend resistance lineRelative Strength Index and Lane's Stochastic bullish divergence
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It was the first negative week for the United States Steel Corp. (X). During the week, the X dropped -0.24 points, or -3.31%, and closed at 7.00 on Friday, January 29, 2016. Weekly volume was 29% 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 6.15 on January 28, 2016. X lost 40.40 points, or 86.79%, in 71 weeks. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See X medium-term trend chart]
A medium-term downtrend had started on April 15, 2015 at 27.68 and reached 6.15 on January 28, 2016. X lost 21.53 points, or 77.78%, in 41 weeks. The chart has formed a Falling Channel chart pattern. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold 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 December 18, 2015. The distance between MACD and the signal line is low, but getting bigger. 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 December 23, 2015 at 9.58 and reached 6.15 on January 28, 2016. X lost 3.43 points, or 35.80%, in 36 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (5.85) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index and Lane's Stochastic have bullish 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 daily Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since January 20, 2016. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.58
Bullish
Williams' Percentage Range (W%R) 77.20
Lane's Stochastic (%D-Slow) 45.87
Bullish
Greed/Fear Indicator (GFI) 39.40
Moving Average Converg./Diverg. (MACD) -0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.00
Oversold
Williams' Percentage Range (W%R) 94.90
Strong Oversold
Lane's Stochastic (%D-Slow) 17.71
Oversold
Greed/Fear Indicator (GFI) 19.93
Oversold
Moving Average Converg./Diverg. (MACD) -3.27
Trading Signals
Description Value Chart
Upper Bollinger Band 8.28
50 Day Moving Average 7.86
Parabolic System 7.68
20 Day Moving Average 7.26
Price 7.00
Daily Stochastic Crossing 6.95
Weekly Trendline Resistance 6.80
Weekly Stochastic Crossing 6.71
Lower Bollinger Band 6.36
Weekly Trendline Support 5.85
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry Metals Fabrication 14
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7.80
High Date 01/22/2016
Low 6.15
Low Date 01/28/2016
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 6.80
Support 5.85
High 9.58
High Date 12/23/2015
Low 6.15
Low Date 01/28/2016
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 4.89
Support 3.61
High 27.09
High Date 05/14/2015
Low 6.15
Low Date 01/28/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status
Resistance
Support
High 27.68
High Date 04/15/2015
Low 6.15
Low Date 01/28/2016
Description Value
Direction Down
Chart Pattern Falling Wedge
Status
Resistance
Support
High 46.55
High Date 09/17/2014
Low 6.15
Low Date 01/28/2016
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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