The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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AK Steel Holding Corp.
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldTrend support at 4.24
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the AK Steel Holding Corp. (AKS). During the week, the AKS dropped -0.19 points, or -4.22%, and closed at 4.31 on Friday, August 10, 2018. Weekly volume was -33% 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 4.00 on November 15, 2017. AKS lost 7.39 points, or 64.88%, in 48 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 4.23 and resistance is at 4.43. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.

Medium-term trend: [See AKS medium-term trend chart]
A medium-term uptrend had started on May 1, 2018 at 4.14 and reached 5.40 on July 24, 2018. AKS gained -1.26 points, or -30.43%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (4.24) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See AKS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 8, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 24, 2018 at 5.40 and reached 4.24 on August 10, 2018. AKS lost 1.16 points, or 21.48%, in 17 days. The price is now at the 6.03% retracement level.

Daily Technical Indicators: [See AKS daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 31, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.33
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 11.09
Oversold
Greed/Fear Indicator (GFI) 15.97
Oversold
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.73
Williams' Percentage Range (W%R) 83.30
Oversold
Lane's Stochastic (%D-Slow) 56.47
Greed/Fear Indicator (GFI) 39.86
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 5.30
Parabolic System 4.92
Weekly Stochastic Crossing 4.87
20 Day Moving Average 4.78
50 Day Moving Average 4.68
Quarterly Trendline Resistance 4.43
Price 4.31
Daily Stochastic Crossing 4.28
Monthly Trendline Support 4.24
Quarterly Trendline Support 4.23
Lower Bollinger Band 3.99
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Steel & Iron 44
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 5.40
High Date 07/24/2018
Low 4.24
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 5.40
High Date 07/24/2018
Low 4.24
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 5.57
Support 4.24
Low 4.14
Low Date 05/01/2018
High 5.40
High Date 07/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 4.43
Support 4.23
High 11.39
High Date 12/08/2016
Low 4.00
Low Date 11/15/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1.64
Low Date 01/20/2016
High 11.39
High Date 12/08/2016
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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