Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

United States Steel Corporation (U.S Steel) (NYSE: X) is an integrated steel producer, which is engaged in producing and selling steel products, including flat-rolled and tubular products, in North America and Europe.

This Report covers the Company Overview & Price performance, Summary table, Company details, technical guidance & Stock recommendation, and Price chart.

Key Highlights

• Steel Futures declined to CNY 3,910 per tonne in April, the lowest level since December 2022, on persistent concerns about China demand. A demand recovery in construction and infrastructure inputs in China has not materialized yet as the Chinese Government is trying to shift the economy away from heavy industry and debt woes are impacting the property sector.
• X's share price has decreased by 73% over the past three months. However, in the long term, the stock has given a return of 29.84% over the past six months.
• The stock is currently trading in between its 52-week range of USD 36 and 52-week low price of USD 16.41, with the current price consolidating between the two SMAs.
• The price is currently between both its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of around 50.49.

1.2 Summary Table

Section 2: United States Steel Corporation (“Watch” at the current market price of USD 26.24, as of April 20, 2023, at 09:15 am PDT)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is April 20, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.

Disclaimer

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.