Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
United States Steel Corporation's stock (X) returned lower in the intraday levels amid negative pressure from the 50-day SMA, while hurt by piercing the upward trend line in the short term, marking a loss of 0.79% in the last session, or 20 cents, and settling at 25.00, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more losses for the stock, targeting the support of 23.46, provided the resistance of 27.30 holds on.
Expected trend for today: Bearish