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%
0%
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.
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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:
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
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
S3
S2
S1
R1
R2
R3
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:
- New Research: Key Drivers of Growth for Genpact, Vistra Energy, 22nd Century Group, United States Steel, Zuora, and Tesla — Factors of Influence, Major Initiatives and Sustained Production
- Black Iron Not Impacted by Proposed United States Steel Tariffs
- United States Steel Corporation to Host Earnings Call
- UNITED STATES STEEL INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of United States Steel Corporation - (X)
- United States Steel Corporation Announces Pricing Of Senior Notes Offering
This member declared not having a position on this financial instrument or a related financial instrument.
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