The Greedy Trader Weekly Analysis
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Archive
- 7/15/2016
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United States Steel Corp.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtPrice is near the Fibonacci 38.2% retracement level
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the United States Steel Corp. (X). During the week, the X gained 2.65 points, or 13.93%, and closed at 21.68 on Friday, July 15, 2016. It was the best weekly gain since April 15, 2016. X was trading at average weekly trading volume.

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. Price is near the Fibonacci 38.2% 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 January 28, 2016 at 6.15 and reached 21.90 on July 15, 2016. X gained -15.75 points, or -256.10%, in 24 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (15.98) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 18, 2015. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 27, 2016 at 14.80 and reached 21.90 on July 15, 2016. X gained -7.10 points, or -47.97%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since July 1, 2016. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.97
Overbought
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 96.13
Strong Overbought
Greed/Fear Indicator (GFI) 89.37
Overbought
Moving Average Converg./Diverg. (MACD) 0.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.00
Williams' Percentage Range (W%R) 5.30
Strong Overbought
Lane's Stochastic (%D-Slow) 67.37
Greed/Fear Indicator (GFI) 71.56
Moving Average Converg./Diverg. (MACD) 1.09
Trading Signals
Description Value Chart
Upper Bollinger Band 22.44
Daily Stochastic Crossing 21.71
Price 21.68
Parabolic System 19.33
Weekly Stochastic Crossing 19.15
20 Day Moving Average 18.24
Monthly Trendline Resistance 17.91
50 Day Moving Average 16.64
Lower Bollinger Band 14.88
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Metals Fabrication 124
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 14.80
Low Date 06/27/2016
High 21.90
High Date 07/15/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.77
Low Date 05/19/2016
High 21.90
High Date 07/15/2016
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 17.91
Support 15.98
Low 6.15
Low Date 01/28/2016
High 21.90
High Date 07/15/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.55
High Date 09/17/2014
Low 6.15
Low Date 01/28/2016
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.00
High Date 06/24/2008
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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