The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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AK Steel Holding Corp.
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Summary:
Weekly :Oversold sectorLane's Stochastic is oversold
Daily :The price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the AK Steel Holding Corp. (AKS). During the week, the AKS dropped -0.11 points, or -4.31%, and closed at 2.44 on Friday, May 10, 2019. Weekly volume was -49% below average.

AKS is a member of Basic Materials Sector. Basic Materials is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AKS long-term trend chart]
A long-term downtrend had started on December 8, 2016 at 11.39 and reached 2.05 on December 26, 2018. AKS lost 9.34 points, or 82.00%, in 106 weeks. The chart has formed a Falling Pennant chart pattern. The trend support level is at 4.46 and resistance is at 2.18. A Falling Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Falling Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Pennant pattern in a long-term trend.

Medium-term trend: [See AKS medium-term trend chart]
A medium-term downtrend had started on February 20, 2019 at 3.29 and reached 2.25 on May 2, 2019. AKS lost 1.04 points, or 31.61%, in 10 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 2.15 and resistance is at 2.78. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AKS weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 1, 2019. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AKS short-term trend chart]
A short-term downtrend had started on April 8, 2019 at 2.96 and reached 2.25 on May 2, 2019. AKS lost 0.71 points, or 23.99%, in 24 days. The price is now at the 26.76% retracement level.

Daily Technical Indicators: [See AKS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 2, 2019. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 11.48% on Friday. It is 50.43% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.63
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 65.56
Greed/Fear Indicator (GFI) 53.64
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.10
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 17.76
Oversold
Greed/Fear Indicator (GFI) 29.95
Moving Average Converg./Diverg. (MACD) -0.35
Trading Signals
Description Value Chart
Weekly Trendline Resistance 2.78
50 Day Moving Average 2.65
Upper Bollinger Band 2.64
Daily Stochastic Crossing 2.46
20 Day Moving Average 2.45
Price 2.44
Lower Bollinger Band 2.37
Parabolic System 2.36
Weekly Stochastic Crossing 2.35
Quarterly Trendline Resistance 2.18
Weekly Trendline Support 2.15
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Steel & Iron 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2.96
High Date 04/08/2019
Low 2.25
Low Date 05/02/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 2.78
Support 2.15
High 3.29
High Date 02/20/2019
Low 2.25
Low Date 05/02/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 5.40
High Date 07/24/2018
Low 2.05
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Valid
Resistance 2.18
Support 4.46
High 11.39
High Date 12/08/2016
Low 2.05
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.07
High Date 05/21/2008
Low 1.64
Low Date 01/20/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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