United Steel tries to vent off oversold saturation - Analysis - 21-06-2022
2022-06-21 11:53:19 GMT
(Economies.com)
United Steel Corporation's stock (X) rose in the intraday levels as the company expects net profits in t he second quarter of $3.83 per share at least, above analysts estimates of $3.25 per share, while expecting total profits of $1.6 billion.
The stock is trying to recoup some recent losses and vent off oversold saturation in the RSI, marking a profit of 1.58%, or 31 cents, and settling at 19.89, with trading volumes surpassing 27.4 million shares, above 10-day averages of 15.6 million shares, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower and target the pivotal support of 18.00, provided the resistance of 21.87 holds on.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0427
|
-0.0154
|
1.4550%
|
|
|
|
|
1.2096
|
-0.0176
|
1.4311%
|
|
|
|
|
19.698
|
-1.669
|
7.811%
|
|
|
|
|
108.022
|
0.605
|
0.563%
|
|
|
|
|
111.50
|
2.47
|
2.27%
|
|
|
|
|
1799.775
|
-29.770
|
1.627%
|
|
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