American Stocks Analysis
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 Steel rises alongside the downward trend line - Analysis - 29-09-2022
Economies.com
2022-09-29 12:46PM UTC
United Steel Corporation's stock (X) rose in the last session amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, while recouping recent losses and venting off oversold saturation in the RSI.
Therefore we expect the stock to return lower, targeting the pivotal support of 16.40, provided the resistance of 20.78 holds on.
Expected trend for today: Bearish
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