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Technical Analysis Predictions for United States Steel Corporation - X

Chapter VIII: Volume Stratification Analysis (or VSA) follows price behavior in relation to historical volumes of X stock sales. Knowledge of these behaviors gives us a quantitative metric useful for understanding Support or Resistance Levels, and predicting their strength.


Part I: The Volumetric Profile for United States Steel Corporation.



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Cumulative Volume by Price of United States Steel Corporation

The Volumetric Profile is the central concept behind Volume Stratification Analysis. This is nothing more than the cummulative volume according to price range. The red bar marks the price range corresponding to the current price of X shares.








Part II: Primary Volumetric Support and Resistance for X common stock.



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X:  Volume Stratification Profile

Blue bars depict the Volumetric Profile for various price levels of United States Steel Corporation. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. General Volumetric Health is 1 on a scale from 1 (best) to 3 (worst), because the price is above the Volumetric line, indicating some positive market sentiment.

The only significant volumetric support exists in the area around the $34 level.



Support Level IDPrice RangePeak Magnitude
1$34.00 - $34.994.85


Several minor strata of volumetric turbulence could exert resistance against price appreciation, most notably, the peak at $102.


Resistance Level IDPrice RangePeak Magnitude
1$102.00 - $102.990.89
2$138.00 - $138.990.27
3$166.00 - $166.990.23











Part III: Secondary Analytical Support and Resistance for United States Steel Corporation Stock Prices


Secondary Support Levels for X

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X:  Volumetric Minimum Strata

Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. No major Volumetric Minima exist to support the current price




Secondary Resistance Levels for X

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Maximum Negative Slope Strata of United States Steel Corporation

Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case.







For Members: Deeper Analysis, with Price Predictions for X Common Stock




Companies in the News:

Friday, March 12, 2010: We have news on ConAgra Foods, Inc., ticker symbol CAG. Signs of an over-bought condition have become noticable. Also, there are breaking events concerning Convergys Corporation and Coach, Inc..

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More X Technical Analysis Topics

X Price Predictions

Support and Resistance Levels

Politics and Prices of X

Japanese Candlestick Analysis

Momentum Investing Indicators

X Classical Analysis of Time Series

X Historical Volume

X Risk-Volatility Analysis

X Seasonal Trends

Back to X Table of Contents


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