United States Steel stock: buy or sell
Jan 18th, 2021
United States Steel stock brief
- Counting last Friday, it's been 3 consecutive sessions in red for United States Steel. Price closed last Friday at $20.88 after sinking a -5.69%.
- Price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This rally marked a 205.26% 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?
Currently, United States Steel stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $X will slide in coming sessions, or it will 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. As when we have to buy shares, determining when is the best time to sell is not a fickle decision, and we must follow our own trading style. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups should not be used for selling short $X stock
As a golden rule, you should not keep an investment that yields losses greater than those expected by the time of the buy. When to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell United States Steel stock?
In the current situation of United States Steel there is not any eligible sell setup, so United States Steel stock holders with operations in profit can keep their positions
United States Steel ratings
In the last month, just one rating was published for United States Steel
|Jan 8th, 2021|
|Deutsche Bank Aktiengesellschaft|| |
United States Steel stock analysis
United States Steel stock started an uptrend in September 2020, and grew an amazing 205.26%. Rising highs and lows can be seen easily on a chart and how price action provided very few buy points on the breakouts. Latest pullback was in late December, when price bounced at $15.88. Now, the price moves in a consolidation between its last top ($24.71) and its last bottom ($15.88)
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price surpassed the upper band last Tuesday, the price dropped by 15.50%
Relative strength index
The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 59.31
United States Steel stock price history
United States Steel IPO was on Apr 12th, 1991 at $11.20 per share1. Since then, X stock surged by 86.43%, with an average of 2.98% per year. An investment of $1,000USD on Apr 1991 would worth $1,864.29 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for United States Steel stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and many times. Again, these predictions are not direct recommendations for individual traders and should not be followed blindly.
We don't have any target price posted in the previous 30 days for United States Steel.
|Brokerage firm||Price target|
|Jan 8th, 2021|
|Deutsche Bank Aktiengesellschaft||Not available|
Earnings and financials
United States Steel Corporation ($X) reported quarterly earnings of $-1.21 per share last October, surpassing the Market consensus estimate of $-1.45 per share. This Q3 report represents an earnings surprise of 16.55%. Turnover resulted of $2.3 billion in contrast to $2.2 billion predicted by market consensus.This compares to Earnings of $-0.21 per share a year ago, so reported EPS means a decrease of -476.19%. Revenue collapsed a -23.75% on an annualized basis in the , from $30.7B to $23.4B last quarter.
United States Steel ($X) is hosting the quarterly earnings call on Thursday next week. Market predicts of $-0.59, compared to Q3 that made $-1.21.
United States Steel performance
|United States Steel ($X)||16.00%||140.80%||172.20%|
Disclaimer:The comments expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the particular situations 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 Opinions are published for education motives only
United States Steel summary
|Friday, January 15th, 2021|
|Day range||$20.38 - $21.68|
|Average true range||$2.03|
|50d mov avg||$15.78|
|100d mov avg||$11.96|
|200d mov avg||$9.82|
|Earnings date||January 28th, 2021|