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Archive
- 6/17/2016
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United States Steel Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a fourth positive week after 4 consecutive negative weeks for the United States Steel Corp. (X). During the week, the X gained 0.71 points, or 4.11%, and closed at 17.98 on Friday, June 17, 2016. Weekly volume was 18% above average.

X is a member of Industrial Goods Sector. Industrial Goods is the second most overbought 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 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 price is now at the 29.28% retracement level.

Medium-term trend: [See X medium-term trend chart]
A medium-term downtrend had started on April 20, 2016 at 20.55 and reached 12.77 on May 19, 2016. X lost 7.78 points, or 37.86%, in 4 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 7.55 and resistance is at 19.94. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access 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 uptrend had started on May 19, 2016 at 12.77 and reached 18.59 on June 17, 2016. X gained -5.82 points, or -45.58%, in 29 days. The price is now at the 10.48% retracement level.

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

The daily MACD line is above its signal line since May 31, 2016. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.73
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 81.45
Overbought
Greed/Fear Indicator (GFI) 81.87
Overbought
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.83
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 31.16
Greed/Fear Indicator (GFI) 56.14
Moving Average Converg./Diverg. (MACD) 0.89
Trading Signals
Description Value Chart
Weekly Trendline Resistance 19.94
Upper Bollinger Band 19.55
Daily Stochastic Crossing 18.12
Price 17.98
50 Day Moving Average 16.86
Parabolic System 16.55
20 Day Moving Average 15.71
Weekly Stochastic Crossing 15.66
Lower Bollinger Band 13.29
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Metals Fabrication 69
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 12.77
Low Date 05/19/2016
High 18.59
High Date 06/17/2016
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 19.94
Support 7.55
High 20.55
High Date 04/20/2016
Low 12.77
Low Date 05/19/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.15
Low Date 01/28/2016
High 20.55
High Date 04/20/2016
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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