US Steel Stock Drops 15% In A Week – What Are The Chances Of Recovery?

US Steel Corp stock (NYSE: X) dropped 15% over the last 5 trading days (1 week). This has mainly been due to the volatility just before the company is due to report its Q4 and full year 2020 results on 28th January 2021. With iron ore prices falling after China announced its plan to cut crude steel production, the steel market also bore the brunt with stock of major steel companies such as US Steel, Nucor, and Steel Dynamics dropping sharply over the last one week. In comparison, the broader S&P 500 increased 1.5% over the last 5 trading days. Now, is US Steel stock set to decline further or could we expect some recovery? We believe that there is a 55% chance of a rise in US Steel stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last 5 years. See our analysis on US Steel Stock Chances of Rise for more details.

5D: X -15%, vs. S&P500 1.5%; Underperformed market

(4% likelihood event)

  • United States Steel stock declined 15% over a 5-day trading period ending 1/26/2021, compared to broader market (S&P500) rise of 1.5%
  • A change of -15% or more over 5 trading days is a 4% likelihood event, which has occurred 52 times out of 1256 in the last 5 years

10D: X -20%, vs. S&P500 1.5%; Underperformed market

(36% likelihood event)

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  • United States Steel stock declined 20% over the last 10 trading days (2 weeks), compared to broader market (S&P500) rise of 1.5%
  • A change of -20% or more over 10 trading days is a 36% likelihood event, which has occurred 452 times out of 1240 in the last 5 years

21D: X 7.5%, vs. S&P500 4.5%; Outperformed market

(7% likelihood event)

  • United States Steel stock rose 7.5% the last 21 trading days (1 month), compared to broader market (S&P500) rise of 4.5%
  • A change of 7.5% or more over 21 trading days is a 7% likelihood event, which has occurred 88 times out of 1198 in the last 5 years.

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