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United States Steel Corp.
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|It was the first negative week after 4 consecutive positive weeks for the United States Steel Corp. (X). During the week, the X gave back -0.26 points, or -0.94%, and closed at 27.38 on Friday, July 18, 2014. It was the worst weekly loss since May 30, 2014. Weekly volume was 29% above average. |
X is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. 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 31.15 on January 2, 2014. X gained -15.35 points, or -97.15%, in 36 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 28.30 on July 11, 2014. X gained -5.83 points, or -25.95%, in 5 weeks. The price is now at the 15.78% retracement level.
Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 11, 2014 at 28.30 and reached 25.67 on July 15, 2014. X lost 2.63 points, or 9.29%, in 4 days. The price is now at the 65.02% retracement level.
Daily Technical Indicators: [See X daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.