The Greedy Trader Weekly Analysis
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Archive
- 7/17/2015
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United States Steel Corp.
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Summary:
Weekly :Overbought sectorOversold industryWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was the sixth consecutive negative week for the United States Steel Corp. (X). During the week, the X dropped -1.13 points, or -5.97%, and closed at 17.80 on Friday, July 17, 2015. Weekly volume was 26% above average.

X is a member of Industrial Goods Sector. Industrial Goods is the second most overbought sector. X is a member of Metals Fabrication Industry. Metals Fabrication is the fourth most oversold industry. 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 46.55 on September 17, 2014. X gained -30.75 points, or -194.62%, in 73 weeks. The price is now at the 93.50% retracement level.

Medium-term trend: [See X medium-term trend chart]
A medium-term downtrend had started on April 15, 2015 at 27.68 and reached 17.55 on July 17, 2015. X lost 10.13 points, or 36.60%, in 13 weeks. Price is near the trend low.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 26, 2015. 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 June 3, 2015 at 26.95 and reached 17.55 on July 17, 2015. X lost 9.40 points, or 34.88%, in 44 days. Price is near the trend low.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since June 8, 2015. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.40
Williams' Percentage Range (W%R) 92.80
Strong Oversold
Lane's Stochastic (%D-Slow) 27.09
Greed/Fear Indicator (GFI) 18.24
Oversold
Moving Average Converg./Diverg. (MACD) -1.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.41
Williams' Percentage Range (W%R) 95.60
Strong Oversold
Lane's Stochastic (%D-Slow) 7.54
Strong Oversold
Greed/Fear Indicator (GFI) 16.21
Oversold
Moving Average Converg./Diverg. (MACD) -1.44
Trading Signals
Description Value Chart
Upper Bollinger Band 23.49
50 Day Moving Average 22.96
20 Day Moving Average 20.37
Parabolic System 19.78
Weekly Stochastic Crossing 18.09
Daily Stochastic Crossing 18.06
Price 17.80
Lower Bollinger Band 17.13
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Metals Fabrication 4
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 19.99
High Date 07/14/2015
Low 17.55
Low Date 07/17/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.95
High Date 06/03/2015
Low 17.55
Low Date 07/17/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.09
High Date 05/14/2015
Low 17.55
Low Date 07/17/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.68
High Date 04/15/2015
Low 17.55
Low Date 07/17/2015
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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