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United States Steel Corp.
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|It was a fourth consecutive positive week for the United States Steel Corp. (X). During the week, the X gained 0.98 points, or 2.77%, and closed at 36.38 on Friday, August 15, 2014. Weekly volume was -18% below average. |
X is a member of Metals Fabrication Industry. Metals Fabrication is the third 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 uptrend had started on April 22, 2013 at 15.80 and reached 37.03 on August 15, 2014. X gained -21.23 points, or -134.37%, in 68 weeks. Price is near the trend high.
Medium-term trend: [See X medium-term trend chart]
A medium-term uptrend had started on June 3, 2014 at 22.47 and reached 37.03 on August 15, 2014. X gained -14.56 points, or -64.80%, in 10 weeks. Price is near the trend high.
Weekly Technical Indicators: [See X weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 11, 2014. 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 July 15, 2014 at 25.67 and reached 37.03 on August 15, 2014. X gained -11.36 points, or -44.25%, in 31 days. The price is now at the 5.72% retracement level.
Daily Technical Indicators: [See X daily technical indicators chart]
Daily 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 daily overbought Relative Strength Index, Williams' Percentage Range and 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.
The daily MACD line is above its signal line since July 22, 2014. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 166.06% higher then one year average. It indicates the period of high volatility of the stock price. 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.
Candlestick pattern: [See X candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.