UNITED STATES STEEL CORP (X) Stock Technical Analysis
NYSE:X - New York Stock Exchange, Inc. - US9129091081 - Common Stock - Currency: USD
Taking everything into account, X scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, X has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
X is one of the better performing stocks in the Metals & Mining industry, it outperforms 72% of 154 stocks in the same industry.
X is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so X is leading the market.
X is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
X has an average volume of 9081930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that X is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.
X has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 52.95, a Stop Loss order could be placed below this zone.
More info and screens
29.09
54.37
5 important support areas can be observed.
- A support zone ranging from 52.95 to 53.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.87 from a trend line in the daily time frame.
- Support @32.65 from a trend line in the weekly time frame.
- Support @31.27 from a trend line in the daily time frame.
- Support @29.38 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.83 to 53.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for X is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for X is up. |
| ChartMill Relative Strength | 93.54 | POSITIVE | X has a high relative strength, it outperformed 93.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of X is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of X is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of X is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.21 | OVERBOUGHT | The high RSI value suggests X may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests X has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.54 | OVERBOUGHT | The high Stochastics value suggests X may be overbought. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for X suggests some volalility. |
| Average Directional Index/ADX (14) | 32.97 | POSITIVE | The high ADX value value for X suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.84 | 52.22 | 1.62 (3.01%) | 25.00% |
| An entry @53.84. This is a Buy Stop order right above the resistance zone. | An exit @52.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.62 points, which is 3.01%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of X. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
53.4
+0.44 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.83%
1 Week-0.78%
2 Weeks24.48%
1 Month28.92%
3 Month47.39%
6 Month38.88%
12 Month39.53%
2 Year113.52%
3 Year198.16%
5 Year639.61%
10 Year158.97%
15 Year38.52%
Volatility
ATR(14)1.96
ATR(20)%3.27%
ATR Inc-35.53%
Range Today0.89
ADR(20)1.69
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.54
Mansfield3.09
10 Day High54.24
10 Day Low43.75
20 Day High54.24
20 Day Low39.56
52 Week High54.24
52 Week Low26.92
CS1 End52.95
CR1 Start53.83
Volume & EV
DER(3)1.78%
DER(5)1.48%
Volume7.89M
Volume Incr0.52%
Vol(5)10.39M
Vol(50)9.08M