United States Steel stock: buy or sell
Updated on:
Apr 22nd, 2021
1
United States Steel stock brief
- United States Steel stock skyrocketed 4.38% to close at $22.41 on the stock market on Wednesday.
- Price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This uptrend marked a 227.63% gain
- United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe.
Should I buy United States Steel stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $X stock a buy?
In the current situation of United States Steel there is not any eligible buy setup. This doesn't mean we expect a selloff for $X in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell United States Steel stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Like when we have to buy shares, choosing when is appropiate to sell is not a random decision, and we must follow our own trading style. When selling, as well as buying, our strategies are very easy to follow but are only valid for selling shares you already own, not for shorting United States Steel stock
A guiding principle is that you should not keep a trade that produces greater losses than those expected upon purchase. The moment to sell your stock always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell United States Steel stock?
Currently, United States Steel stock doesn't match any of our preferred sell setups, so if you hold United States Steel shares and your operation is in profit probably is not time to sell now
United States Steel ratings
In the last 30 days, 2 analyst ratings were published for United States Steel
| Brokerage firm | Rating |
|---|---|
| Apr 9th, 2021 | |
| The Goldman Sachs Group | Neutral |
| Apr 15th, 2021 | |
| The Goldman Sachs Group | Neutral |
United States Steel stock analysis
United States Steel shares started an uptrend in September 2020, and grew an amazing 227.63%. The price shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to invest. Latest low was in late March, when price bounced at $18.61. Now, it swings in a consolidation between its last top ($27.40) and its last bottom ($18.61)
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 51.2. Since RSI lost the overbought zone, United States Steel shares dropped a 7.28%
United States Steel stock price history
United States Steel started trading on Apr 12th, 1991 priced at $11.67 per share1. Since then, X stock surged by 92.03%, with an average of 3.07% per year. If you had invested thousand dollars in United States Steel stock at that time, it would have a value of $1,920.31 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for United States Steel stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts published by analysts in the last month. If you are a small trader you should not buy or sell based on these projections.
There are 2 price predictions released for United States Steel that average $25.00. That is a 11.56% than the last price ($22.41).
| Brokerage firm | Price target |
|---|---|
| Apr 9th, 2021 | |
| The Goldman Sachs Group | $25.00 |
| Apr 15th, 2021 | |
| The Goldman Sachs Group | $25.00 |
Earnings and financials
In early March, United States Steel ($X) had the quarterly earnings call and presented the report. The company posted earnings of $-0.27 per share, seriuosly missing the analysts consensus estimate of $0.79 per share.
For comparison, the EPS for the same quarter last year was $-0.64, so reported EPS means a improvement of 57.81%. Revenue slided a -6.77% on an annualized basis in the , from $27.5B to $25.6B last quarter.United States Steel ($X) posts quarterly earnings report next July. Estimated for this quarter is $0.91, compared to $-0.27 that was reported for Q1.
United States Steel performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| United States Steel ($X) | 5.90% | 10.00% | 145.70% |
Important note:
The comments given in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the specific positions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning purposes onlyUnited States Steel summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $21.12 |
| Close | $22.41 |
| Day range | $20.66 - $22.48 |
| Previous close | $21.47 |
| Session gain | 4.38% |
| Average true range | $1.67 |
| 50d mov avg | $20.73 |
| 100d mov avg | $19.41 |
| 200d mov avg | $13.86 |
| Earnings date | July 29th, 2021 |