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Archive
- 6/8/2018
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AK Steel Holding Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :MACD bearish divergenceBullish Doji CandlestickPrice is near the Fibonacci 38.2% retracement levelThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the AK Steel Holding Corp. (AKS). During the week, the AKS gained 0.08 points, or 1.73%, and closed at 4.70 on Friday, June 08, 2018. Weekly volume was -46% below average.

AKS is a member of Basic Materials Sector. Basic Materials is the most overbought 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 Falling Channel chart pattern. The trend support level is at 4.50 and resistance is at 5.85. 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 long-term trend.

Medium-term trend: [See AKS medium-term trend chart]
A medium-term downtrend had started on January 17, 2018 at 6.80 and reached 4.14 on May 1, 2018. AKS lost 2.66 points, or 39.12%, in 14 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (4.04) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See AKS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AKS short-term trend chart]
A short-term uptrend had started on May 30, 2018 at 4.31 and reached 4.92 on May 31, 2018. AKS gained -0.61 points, or -14.15%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AKS daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.

The daily MACD line is above its signal line since May 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The distance between the Bollinger Bands (9.36%) is close to one year low (9.52%). It is 63.50% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Candlestick pattern: [See AKS candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.00
Williams' Percentage Range (W%R) 36.10
Lane's Stochastic (%D-Slow) 58.69
Greed/Fear Indicator (GFI) 57.54
Moving Average Converg./Diverg. (MACD) 0.00 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.99
Williams' Percentage Range (W%R) 78.90
Lane's Stochastic (%D-Slow) 43.42
Greed/Fear Indicator (GFI) 37.72
Moving Average Converg./Diverg. (MACD) -0.27
Trading Signals
Description Value Chart
Upper Bollinger Band 4.82
Price 4.70
Daily Stochastic Crossing 4.67
20 Day Moving Average 4.58
50 Day Moving Average 4.55
Weekly Stochastic Crossing 4.53
Quarterly Trendline Support 4.50
Parabolic System 4.43
Lower Bollinger Band 4.36
Monthly Trendline Support 4.04
Monthly Trendline Resistance 3.86
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Steel & Iron 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 4.31
Low Date 05/30/2018
High 4.92
High Date 05/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.14
Low Date 05/01/2018
High 4.92
High Date 05/31/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 3.86
Support 4.04
High 6.80
High Date 01/17/2018
Low 4.14
Low Date 05/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 5.85
Support 4.50
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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