UNITED STATES STEEL CORP (X) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:X - US9129091081 - Common Stock
We assign a technical rating of 10 out of 10 to X. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, X is showing a nice and steady performance.
Although X has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.53
3 important support areas can be observed.
- A support zone ranging from 51.75 to 52.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.63 from a trend line in the daily time frame.
- Support @32.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.85 to 54.86. 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 | 92.11 | POSITIVE | X has a high relative strength, it outperformed 92.11% 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) | 69.55 | NEUTRAL | The RSI value for X is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests X has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.5 | NEUTRAL | The Stochastics value for X is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for X suggests some volalility. |
| Average Directional Index/ADX (14) | 36.15 | POSITIVE | The high ADX value value for X suggests a strong trend. |
54.84
-0.01 (-0.02%)
UNITED STATES STEEL CORP / X FAQ
Can you provide the ChartMill technical rating for UNITED STATES STEEL CORP?
ChartMill assigns a technical rating of 10 / 10 to X.
What is the current trend direction of UNITED STATES STEEL CORP (X) stock?
The current trend direction for UNITED STATES STEEL CORP (X) is Bullish.
What is the RSI signal for UNITED STATES STEEL CORP (X) stock?
UNITED STATES STEEL CORP (X) has an RSI value of 69.5544. This indicates that the stock is currently neutral.
What is the short term momentum for X stock?
The short term momentum for UNITED STATES STEEL CORP (X) is positive.
What is the buy/sell signal for UNITED STATES STEEL CORP (X) stock?
The buy/sell signal for UNITED STATES STEEL CORP (X) is buy as both the short term and long term trends are positive.