649bruno
Short

AKS: AK Steel-The 4th Basic Metals Component In XME That Is Weak

NYSE:AKS   AK STL HLDG CORP
23 0 4
This is chart number 4 showing the basic metals components of-XME. The previous three charts were CLF-X-ATI.
They were all weak. This chart is for-AKS.
AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AKS-is a component of-XME.
XME-has been weak for the past month.
I suspect the basic metals components in-XME (iron-copper-steel-zinc-aluminum) are weaker than the gold-and-silver miners.
For-AKS:
The indicator on the top of the page is RSI / Stochastic , and this is weak.
The top middle indicator is vortex and it is weak (red over green).
The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weak, now below zero.
Until these indicators reverse to the upside, and the prices rise above the cloud and 89 day moving average , this stock is a sell.

My conclusion: basic metals stocks are weak. This weakness will cause ETF-weakness in-XME.

Good luck to you. Don.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out