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Takip Edin: @UscMarketsX Stock Forecast & United States Steel Chart Analysis
This article provides a detailed analysis of X-United States Steel stock including a forecast for X shares. It features United States Steel Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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X Historical Data Review
X Current Price Performance Analysis
The United States Steel - X stock traded on the American stock market, on 06-05-2024, closed at 38.37$ with a %0.74 increased compared to the previous day.
In the last month, the price of X changed by %0.87 increased in value, from 38.04 dollars on 05-06-2024 to 38.37 dollars, increased.
Last year, the price of X was 22.63 dollars on 06-06-2023, and changed by %69.55 increased in value, to 38.37 dollars increased within a year.
The price of United States Steel stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
X with AI Stock Forecast & Price Target
On the X chart United States Steel price was recorded as 38.37 Dollars on 06/05/2024.
The artificial intelligence's forecast on X stock is as follows.
The artificial intelligence's prediction error margin for X stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for United States Steel stock over the next 4 months is: 37.3 Dollars.
The commentary on X stock Target Price: Highest: 46.279 Dollars is predicted.
The commentary on X stock Target Price: Lowest: 29.63 Dollars is predicted.
Resistance Price where United States Steel stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-15-2024 | 40.605 |
| 09-23-2024 | 34.617 |
| 12-02-2024 | 31.396 |
| 02-25-2025 | 46.279 |
Support Price where United States Steel stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 32.891 |
| 10-28-2024 | 29.630 |
| 12-17-2024 | 30.142 |
| 03-27-2025 | 44.958 |
The commentary on X stock: The target price can generally be said to be on the rise.
The commentary on X stock: Fluctuations in the target price can be expected in the coming days.
The target price for United States Steel stock by the end of 2024 is predicted to be 30.362 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on X stock, and the 2024 target price predictions for United States Steel are detailed above.
The technical analysis and charts for the commentary on X stock are below.
X Support & Resistance and Trend Analysis
X stock you have reviewed the technical analysis support resistance charts regarding.
X : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the X review, the United States Steel support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
United States Steel Support and Resistance Prices:
| X Support Level Price | X Resistance Level Price |
|---|---|
| 33.92 | 35.76 |
| 35.60 | 35.91 |
| 36.16 | 39.03 |
| 36.38 | 42.66 |
| 38.61 | 47.40 |
| 45.25 | 48.13 |
| 45.30 | 48.85 |
| 45.99 | 48.95 |
| 46.48 | 50.20 |
| 47.50 |
X Technical Analysis: SMA, RSI, MACD
Upon reviewing the X chart, buy and sell signals have been generated in the United States Steel technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for X stock are as follows:- X technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for United States Steel gave a 'Buy' signal when the RSI was at 28.994, with the current RSI value at 50.891.
- The technical analysis for X indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for United States Steel issued a 'Buy' signal when the MACD was at -0.802, with the current MACD value being: -0.112
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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