Steel (NYSE: X) is scheduled to report second quarter earnings results after the closing bell on August 1.The indicators are approaching the same levels they hit in February before the stock rolled over and fell another 50%. The Tickeron Trend Prediction Engine generated a bearish signal for U.S. Steel on July 23 and that signal calls for a drop of at least 4% within the next month.

While the sector has only matched the overall market, Arconic (NYSE: ARNC) has more than doubled the XLB and the S&P. Since the December low, Arconic has rallied almost 60%.The indicators made a bullish crossover on July 24 and that could be a sign that the rally will resume. The Tickeron Trend Prediction Engine generated a bullish signal for Arconic on July 22 and it showed a confidence level of 89%.

Arconic added $500 million more to its share repurchase program. The metal engineering company’s board approved the $500 million share-buyback - which will be added to its existing program of $1 billion, out of of which $100 million remains available through next year. On May 2, Arconic began a $200 million accelerated share repurchase plan.  Analysts expect that Arconic’s full year earnings would come in at $1.74 per share, and  predict earnings per share in the range of $1.59 and $1.83, according to Zacks survey (as reported by Rockland Register).

The lower rail isn’t as clear cut, but if the stock drops anywhere near the lower rail, it will take the price down below the $16 level. The Tickeron AI Trend Prediction tool generated a bearish signal on the stock on February 5.The signal calls for a decline of at least 4% over the coming month. U.S.

While that isn’t terrible given how many stocks in the materials sector have struggled, but there could be something in the chart that is a good sign for Arcelor. Looking at the daily chart, we see that the stock hit a low at $23.80 back on October 26.There is still resistance looming overhead at the $28 level, but that is 12.9% above yesterday’s closing price. Arcelor’s fundamental measurements are all over the place.

Tariffs on imported steel boosted U.S. Steel Corp. ‘s financials. The steelmaker experienced a +38% surge in its operating profit in Q2, on the back of a 5%-10% increase in prices of its U.S.-made steel and solid shipments growth.Along with U.S. Steel, several steel players such as Nucor, Reliance Steel and Aluminum and AK Steel have also apparently benefited from tariff-induced tailwinds.