United States Steel (NYSE:X) Heffx Trading Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 17.10.
The projected upper bound is: 18.61.
The projected lower bound is: 17.26.
The projected closing price is: 17.93.
During the past 10 bars, there have been 6 white candles and 2 black candles for a net of 4 white candles. During the past 50 bars, there have been 24 white candles and 19 black candles for a net of 5 white candles.
A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 80.4348. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 3 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 72.32. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 4 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 103.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 7 period(s) ago.
Rex Takasugi – TD Profile
US STEEL CORP closed down -0.010 at 17.900. Volume was 26% below average (neutral) and Bollinger Bands were 16% wider than normal.
Open High Low Close Volume___
17.900 17.900 17.900 17.900 344,724
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 17.41 16.57 18.80
Volatility: 30 26 24
Volume: 609,759 458,928 411,942
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
US STEEL CORP is currently 4.8% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of X.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on X.N and have had this outlook for the last 22 periods. Our momentum oscillator is currently indicating that X.N is currently in an overbought condition.
Latest posts by HEFFX Australia (see all)
- Tesla Inc (NASDAQ:TSLA) Heffx Technicals Stock Sitting Above the 70 RSI Line - April 24, 2017
- T-Mobile US Inc (NASDAQ:TMUS) Heffx Technicals Stock Overbought - April 24, 2017
- Apple Inc (NASDAQ:AAPL) Heffx Technical Analysis - April 24, 2017