UNITED STATES STEEL

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	X
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UNITED STATES STEEL - Daily - Technical analysis published on 06/26/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 16.89 USD

My targets

13.15 USD (-11.92%)

9.91 USD (-33.62%)

My analysis

The basic trend is bearish on UNITED STATES STEEL and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 16.89 USD. Buyers would then use the next resistance located at 19.17 USD as an objective. Crossing it would then enable buyers to target 24.09 USD. If there is a return to below the support located at 13.15 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 9.91 USD and 6.75 USD by extension.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The UNITED STATES STEEL rating is 14.93 USD. On the day, this instrument gained +3.32% and was between 14.27 USD and 15.37 USD. This implies that the price is at +4.63% from its lowest and at -2.86% from its highest.

14.27

15.37

14.93

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of UNITED STATES STEEL in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.75	9.91	13.15	14.93	16.89	19.17	24.09
Change (%)	-54.79%	-33.62%	-11.92%	-	+13.13%	+28.40%	+61.35%
Change	-8.18	-5.02	-1.78	-	+1.96	+4.24	+9.16
Level	Minor	Minor	Major	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.89	14.12	14.28	14.52	14.68	14.91	15.07
Camarilla	14.34	14.38	14.41	14.45	14.49	14.52	14.56
Woodie	13.86	14.10	14.25	14.50	14.65	14.89	15.04
Fibonacci	14.12	14.27	14.36	14.52	14.67	14.76	14.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.07	12.20	13.43	14.56	15.79	16.92	18.15
Camarilla	14.02	14.24	14.45	14.67	14.89	15.10	15.32
Woodie	11.13	12.23	13.49	14.59	15.85	16.94	18.21
Fibonacci	12.20	13.10	13.66	14.56	15.46	16.02	16.92

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.60
MACD (12,26,9):	0.0300
Directional Movement:	11.06
AROON (14):	71.43
DEMA (21):	14.13
Parabolic SAR (0,02-0,02-0,2):	13.74
Elder Ray (13):	0.49
Super Trend (3,10):	13.12
Zig ZAG (10):	14.93
VORTEX (21):	0.9600
Stochastique (14,3,5):	67.16
TEMA (21):	14.75
Williams %R (14):	-25.64
Chande Momentum Oscillator (20):	1.35
Repulse (5,40,3):	0.1300
ROCnROLL:	-1
TRIX (15,9):	-0.2200
Courbe Coppock:	24.91

MA7:	14.62
MA20:	13.72
MA50:	14.72
MA100:	17.81
MAexp7:	14.56
MAexp20:	14.25
MAexp50:	15.13
MAexp100:	17.19
Price / MA7:	+2.12%
Price / MA20:	+8.82%
Price / MA50:	+1.43%
Price / MA100:	-16.17%
Price / MAexp7:	+2.54%
Price / MAexp20:	+4.77%
Price / MAexp50:	-1.32%
Price / MAexp100:	-13.15%

News

The last news published on UNITED STATES STEEL at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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