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United States Steel Corporation (X) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Steel/Iron Ore
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneBearish EngulfingThu, 01 Jun 2017-0.63%
***Stock database and scans are updated around midnight (New York time) every trading day.
22.25 0.00 (0%) Jun 23 4:02pm EDT
Open: 21.47 Range: 21.23 - 22.52 Vol: 23.82M Avg Vol: 21.81M
EPS: -1.71 P/E ratio: 0.00 EBITDA: 616.00M Mkt Cap: 3.52B
Analyze "X" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 21.14
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 20.42
Last Trade is below the 50 day moving average at 25.08
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 27.80
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of X

Stock Trend Analysis - Buy, Sell or Hold "United States Steel Corporation" (X)?

Although X is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, X has been trading above the 200 day moving average for 88% of the time with an average daily volume of 21.8M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also indicating range bound trading with a bearish bias. Objectively, as long as X is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 27.80. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "X".

The analyst consensus estimates for the 1 year price target for this stock is $27.23* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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