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United States Steel Corp.
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|It was the first negative week for the United States Steel Corp. (X). During the week, the X dropped -0.48 points, or -1.79%, and closed at 26.33 on Friday, December 06, 2013. Weekly volume was -16% below average. |
Long-term trend: [See X long-term trend chart]
A long-term downtrend had started on April 6, 2010 at 70.95 and reached 15.80 on April 22, 2013. X lost 55.15 points, or 77.73%, in 158 weeks. The price is now at the 19.09% retracement level.
Medium-term trend: [See X medium-term trend chart]
A medium-term uptrend had started on April 22, 2013 at 15.80 and reached 28.41 on November 15, 2013. X gained -12.61 points, or -79.81%, in 29 weeks. The price is now at the 16.49% retracement level.
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 June 28, 2013. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 November 15, 2013 at 28.41 and reached 25.76 on November 25, 2013. X lost 2.65 points, or 9.33%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See X daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 18, 2013. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (7.44%) is close to one year low (7.91%). It is 52.53% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.