United States Steel Corporation (X)
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.15% per annum.
- X price at the close of March 31, 2025 was $42.26 and was higher than the top border of the primary price channel by $4.46 (11.81%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 161.00% per annum.
- X price at the close of March 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of X price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 18, 2023
End date: February 3, 2025
a = 4.7956
b = -0.0007
s = 0.0765
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0765) – 1
= 35.80%
December 18, 2023 calculations
Top border of price channel:
Exp(Y935)
= Exp(a + b × X935 + 2 × s)
= Exp(a + b × 1,356 + 2 × s)
= Exp(4.7956 + -0.0007 × 1,356 + 2 × 0.0765)
= Exp(3.9705)
= $53.01
Bottom border of price channel:
Exp(Y935)
= Exp(a + b × X935 – 2 × s)
= Exp(a + b × 1,356 – 2 × s)
= Exp(4.7956 + -0.0007 × 1,356 – 2 × 0.0765)
= Exp(3.6645)
= $39.04
February 3, 2025 calculations
Top border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 + 2 × s)
= Exp(a + b × 1,769 + 2 × s)
= Exp(4.7956 + -0.0007 × 1,769 + 2 × 0.0765)
= Exp(3.6726)
= $39.35
Bottom border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 – 2 × s)
= Exp(a + b × 1,769 – 2 × s)
= Exp(4.7956 + -0.0007 × 1,769 – 2 × 0.0765)
= Exp(3.3666)
= $28.98
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.15% per annum.
- X price at the close of March 31, 2025 was $42.26 and was higher than the top border of the primary price channel by $4.46 (11.81%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 13, 2024
End date: March 31, 2025
a = -1.0574
b = 0.0026
s = 0.0424
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 161.00%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0424) – 1
= 18.49%
December 13, 2024 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,717 + 2 × s)
= Exp(-1.0574 + 0.0026 × 1,717 + 2 × 0.0424)
= Exp(3.5403)
= $34.48
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,717 – 2 × s)
= Exp(-1.0574 + 0.0026 × 1,717 – 2 × 0.0424)
= Exp(3.3706)
= $29.10
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-1.0574 + 0.0026 × 1,825 + 2 × 0.0424)
= Exp(3.8242)
= $45.80
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-1.0574 + 0.0026 × 1,825 – 2 × 0.0424)
= Exp(3.6545)
= $38.65
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 161.00% per annum.
- X price at the close of March 31, 2025 was inside the secondary price channel.