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Archive
- 1/11/2019
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AK Steel Holding Corp.
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Summary:
Weekly :Broken trend support lineOversold sectorLane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 6 consecutive negative weeks for the AK Steel Holding Corp. (AKS). During the week, the AKS gained 0.23 points, or 8.98%, and closed at 2.79 on Friday, January 11, 2019. Weekly volume was -27% below average.

AKS is a member of Basic Materials Sector. Basic Materials is the 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 May 21, 2008 at 73.07 and reached 1.64 on January 20, 2016. AKS lost 71.43 points, or 97.76%, in 400 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 0.04 and resistance is at 4.23. 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 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 downtrend support line (4.36) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support 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 below its signal line since October 26, 2018. This is an indication that the medium-term trend is down. 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 December 26, 2018 at 2.05 and reached 2.80 on January 11, 2019. AKS gained -0.75 points, or -36.59%, in 16 days. Price is near the trend high.

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

The daily MACD line is above its signal line since December 27, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 62.14
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 92.62
Strong Overbought
Greed/Fear Indicator (GFI) 79.59
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.51
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 11.36
Oversold
Greed/Fear Indicator (GFI) 22.59
Moving Average Converg./Diverg. (MACD) -0.42
Trading Signals
Description Value Chart
50 Day Moving Average 3.05
Upper Bollinger Band 3.01
Price 2.79
Daily Stochastic Crossing 2.76
Parabolic System 2.48
20 Day Moving Average 2.48
Weekly Stochastic Crossing 2.29
Lower Bollinger Band 2.25
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Steel & Iron 31
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2.05
Low Date 12/26/2018
High 2.80
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 5.11
High Date 10/01/2018
Low 2.05
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 4.69
Support 1.81
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 Broken Support
Resistance 3.41
Support 4.36
High 11.39
High Date 12/08/2016
Low 2.05
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 4.23
Support 0.04
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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