The Greedy Trader Weekly Analysis
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Archive
- 11/14/2014
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United States Steel Corp.
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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the second negative week after 3 consecutive positive weeks for the United States Steel Corp. (X). During the week, the X dropped -1.33 points, or -3.54%, and closed at 36.24 on Friday, November 14, 2014. Weekly volume was -6% below 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 33.53% retracement level.

Medium-term trend: [See X medium-term trend chart]
A medium-term downtrend had started on September 17, 2014 at 46.55 and reached 30.57 on October 15, 2014. X lost 15.98 points, or 34.33%, in 4 weeks. The price is now at the 35.48% retracement level.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 10, 2014. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 29, 2014 at 42.25 and reached 34.58 on November 12, 2014. X lost 7.67 points, or 18.15%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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.

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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.81
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 15.13
Oversold
Greed/Fear Indicator (GFI) 28.72
Moving Average Converg./Diverg. (MACD) -0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.23
Williams' Percentage Range (W%R) 55.20
Lane's Stochastic (%D-Slow) 33.60
Greed/Fear Indicator (GFI) 42.63
Moving Average Converg./Diverg. (MACD) 2.95
Trading Signals
Description Value Chart
Upper Bollinger Band 39.85
Parabolic System 38.38
50 Day Moving Average 37.87
20 Day Moving Average 36.82
Price 36.24
Weekly Stochastic Crossing 36.16
Daily Stochastic Crossing 35.04
Lower Bollinger Band 33.19
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry Metals Fabrication 20
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.25
High Date 10/29/2014
Low 34.58
Low Date 11/12/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.57
Low Date 10/15/2014
High 42.25
High Date 10/29/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.55
High Date 09/17/2014
Low 30.57
Low Date 10/15/2014
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 Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.80
Low Date 04/22/2013
High 46.55
High Date 09/17/2014
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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