The Greedy Trader Weekly Analysis
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Archive
- 4/22/2016
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United States Steel Corp.
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Summary:
Weekly :Overbought sectorOverbought industryRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Lane's Stochastic is overboughtStochastic has declined below the signal lineMACD bearish divergenceA Parabolic SAR indicator is above and near the price
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It was a second consecutive positive week for the United States Steel Corp. (X). During the week, the X gained 0.32 points, or 1.66%, and closed at 19.56 on Friday, April 22, 2016. Weekly volume was 37% above average.

X is a member of Industrial Goods Sector. Industrial Goods is the most overbought sector. X is a member of Metals Fabrication Industry. Metals Fabrication is the seventh most overbought 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 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 33.19% 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 chart has formed a Rising Channel chart pattern. The trend support level is at 18.19 and resistance is at 20.89. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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, Relative Strength Index and 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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 11, 2016 at 6.67 and reached 20.55 on April 20, 2016. X gained -13.88 points, or -208.10%, in 69 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 17.18 and resistance is at 21.81. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See X daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since April 12, 2016. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (19.42) comes close to the price (19.56). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.35
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 83.33
Overbought
Greed/Fear Indicator (GFI) 80.24
Overbought
Moving Average Converg./Diverg. (MACD) 1.59 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.27
Strong Overbought
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 94.50
Strong Overbought
Greed/Fear Indicator (GFI) 86.27
Overbought
Moving Average Converg./Diverg. (MACD) -0.56
Trading Signals
Description Value Chart
Weekly Trendline Resistance 21.81
Monthly Trendline Resistance 20.89
Upper Bollinger Band 20.76
Daily Stochastic Crossing 20.07
Weekly Stochastic Crossing 19.95
Price 19.56
Parabolic System 19.42
Monthly Trendline Support 18.19
20 Day Moving Average 17.65
Weekly Trendline Support 17.18
Lower Bollinger Band 14.57
50 Day Moving Average 13.98
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry Metals Fabrication 157
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 20.55
High Date 04/20/2016
Low 18.94
Low Date 04/21/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 21.81
Support 17.18
Low 6.67
Low Date 02/11/2016
High 20.55
High Date 04/20/2016
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 20.89
Support 18.19
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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