UNITED STATES STEEL CORP (X) Stock Technical Analysis
NYSE:X - New York Stock Exchange, Inc. - US9129091081 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to X. X has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, X is a bad performer in the overall market: 72% of all stocks are doing better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month X has a been trading in the 35.15 - 41.38 range, which is quite wide. It is currently trading near the high of this range.
X has an average volume of 7193860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
X is an average performer in the Metals & Mining industry, it outperforms 42% of 150 stocks in the same industry.
X is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so X is lagging the market slightly.
X has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 41.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for X in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.09
42.74
We found 4 important support areas.
- A support zone ranging from 37.97 to 38.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.33 to 36.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.95 to 31.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.38 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @41.09 from a horizontal line in the daily time frame.
- A resistance zone ranging from 41.79 to 42.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.16
Mansfield0
10 Day High40.24
10 Day Low36.71
20 Day High41.38
20 Day Low35.15
52 Week High48.13
52 Week Low26.92
Performance
1 Week8.82%
2 Weeks3.61%
1 Month10.1%
3 Month-1.35%
6 Month6.09%
12 Month-15.15%
2 Year31.31%
3 Year47.81%
5 Year401.5%
10 Year67.93%
15 Year-24.03%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)62.24
LBB36.94
UBB40.02
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 |
|---|---|---|---|
| 41.10 | 37.96 | 3.14 (7.64%) | 13.09% |
| An entry @41.10. This is a Buy Stop order right above the resistance zone. | An exit @37.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.14 points, which is 7.64%. | For a 1.00% total portfolio risk, you can invest 13.09% of your capital in this trade. |
- 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.
NYSE:X (3/3/2025, 3:01:08 PM)
39.01
-1.21 (-3.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.01%
1 Week8.82%
2 Weeks3.61%
1 Month10.1%
3 Month-1.35%
6 Month6.09%
12 Month-15.15%
2 Year31.31%
3 Year47.81%
5 Year401.5%
10 Year67.93%
15 Year-24.03%
Volatility
ATR(14)1.35
ATR(20)%3.94%
ATR Inc3.89%
Range Today1.94
ADR(20)1.52
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.16
Mansfield0
10 Day High40.24
10 Day Low36.71
20 Day High41.38
20 Day Low35.15
52 Week High48.13
52 Week Low26.92
CS1 End38.73
CR1 Start41.09
Volume & EV
DER(3)2.77%
DER(5)3.02%
Volume2.24M
Volume Incr-34.81%
Vol(5)4.30M
Vol(50)7.19M