U.S. Steel (X) facing resistance ahead of earnings report
U.S. Steel (NYSE: X) is scheduled to report second quarter earnings results after the closing bell on August 1. Analysts expect the company to report earnings of $0.39 per share after reporting $1.46 in the second quarter of 2018. The decline in earnings has caused a sharp decline in the stock over the past year.
If we look at the weekly chart, we see that the stock peaked up around $47.50 in February 2018. Since then the stock has moved sharply lower. If we connect the high from February with the high from last July, it creates the upper rail of a trend channel and the stock is approaching the upper rail at this time.
We see that the weekly overbought/oversold indicators haven’t been in overbought territory since the beginning of 2018. 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. The signal showed a confidence level of 68% and past predictions for the stock have been successful 89% of the time.
In addition to the expected decline in earnings, the company’s profit margin is well below average at 6.7%. Given these fundamental statistics and the downward trend in the stock, it will be difficult for U.S. Steel to move higher in the coming months.
X in upward trend: 10-day moving average moved above 50-day moving average on May 23, 2025
The 10-day moving average for X crossed bullishly above the 50-day moving average on May 23, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 16, 2025. You may want to consider a long position or call options on X as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
X moved above its 50-day moving average on May 21, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where X advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 261 cases where X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for X moved out of overbought territory on June 13, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for X turned negative on June 13, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
X broke above its upper Bollinger Band on June 16, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. X’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.105) is normal, around the industry mean (1.191). P/E Ratio (148.216) is within average values for comparable stocks, (80.011). X's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.873). X has a moderately low Dividend Yield (0.004) as compared to the industry average of (0.047). P/S Ratio (0.890) is also within normal values, averaging (2.070).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a manufacture of integrated steel products
Industry Steel
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