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UNITED STATES STEEL CORP (NYSE:X) - A Strong Technical Setup for Breakout Traders

By Mill Chart

Last update: May 22, 2025

UNITED STATES STEEL CORP (NYSE:X) has been identified as a potential breakout candidate by our technical screening process. The stock shows a combination of strong technical health and a well-defined consolidation pattern, making it worth a closer look for traders.

UNITED STATES STEEL CORP stock chart

Technical Strength

  • Technical Rating of 8: X scores well above average, indicating a healthy uptrend. The long-term trend is positive, while the short-term trend is neutral, suggesting a possible continuation of strength.
  • Relative Strength: The stock has outperformed 86% of the market over the past year, reinforcing its leadership position.
  • Support Levels: Multiple support zones exist below the current price, including a strong area between $40.34 and $40.72, providing a cushion against downside moves.
  • Moving Averages: The stock trades above its 20, 50, 100, and 200-day moving averages, confirming bullish momentum.

Setup Quality

  • Setup Rating of 9: X is consolidating within a tight range, presenting a high-quality setup for a potential breakout.
  • Resistance Zone: A key resistance level sits between $43.85 and $44.06. A move above this zone could signal further upside.
  • Recent Signal: A Pocket Pivot—a bullish volume pattern—was recently detected, adding confidence to the setup.
  • Risk Management: A stop-loss below $40.33 offers a clear exit point, keeping potential losses manageable.

For traders looking for a breakout opportunity, X presents a compelling case. The stock’s technical strength, combined with a well-defined consolidation, suggests a possible upward move if resistance is breached.

Check the full technical report for X for a deeper analysis.

Our Technical Breakout Setups screener lists more breakout candidates and is updated daily.

Disclaimer

This is not investment advice. Always conduct your own analysis before making trading decisions.

UNITED STATES STEEL CORP

NYSE:X (6/17/2025, 8:26:37 PM)

Premarket: 54.97 +0.13 (+0.24%)

54.84

-0.01 (-0.02%)



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