The Greedy Trader Weekly Analysis
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Archive
- 5/13/2016
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United States Steel Corp.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger Band
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It was the third consecutive negative week for the United States Steel Corp. (X). During the week, the X dropped -4.91 points, or -25.99%, and closed at 13.98 on Friday, May 13, 2016. Weekly volume was 66% above average.

X is a member of Industrial Goods Sector. Industrial Goods is the 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 19.38% retracement 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 20.55 on April 20, 2016. X gained -14.40 points, or -234.15%, in 11 weeks. The price is now at the 45.62% retracement level.

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

The weekly MACD line is above its signal line since December 18, 2015. This is an indication that the medium-term trend is up. 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 April 20, 2016 at 20.55 and reached 13.93 on May 13, 2016. X lost 6.62 points, or 32.21%, in 23 days. Price is near the trend low.

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

The daily MACD line is below its signal line since April 22, 2016. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

The price touches the lower Bollinger Band. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.64
Williams' Percentage Range (W%R) 89.30
Oversold
Lane's Stochastic (%D-Slow) 8.30
Strong Oversold
Greed/Fear Indicator (GFI) 15.55
Oversold
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.45
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 80.72
Overbought
Greed/Fear Indicator (GFI) 65.94
Moving Average Converg./Diverg. (MACD) 0.46
Trading Signals
Description Value Chart
Upper Bollinger Band 20.71
Parabolic System 19.29
Weekly Stochastic Crossing 19.00
20 Day Moving Average 18.26
50 Day Moving Average 16.74
Daily Stochastic Crossing 14.50
Price 13.98
Lower Bollinger Band 13.94
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry Metals Fabrication 82
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 20.43
High Date 05/02/2016
Low 13.93
Low Date 05/13/2016
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.55
High Date 04/20/2016
Low 13.93
Low Date 05/13/2016
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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