U.S. Steel Stock Faces Heavy Selling Pressure as Technical Signals Flash

United States Steel Corp. (ticker: X) witnessed significant selling momentum during Tuesday’s session, with shares plummeting to a low of $31.41. The stock’s technical indicators are now sounding alarm bells for trend reversal enthusiasts.

RSI Signals Suggest Potential Bottoming Phase

The Relative Strength Index—a momentum-tracking tool that oscillates between 0 and 100—has dipped to 29.9 for X stock, placing it squarely in oversold conditions (readings below 30 typically signal this territory). What makes this interesting from a contrarian perspective is how this compares to peer performance: the broader metals and mining sector averages an RSI of 42.1, while precious metals show even more stretched readings, with Spot Gold at 8.8 and Spot Silver at 11.9.

Historical Context and Price Action

Over the past 52 weeks, United States Steel Corp. has traded between a low of $26.915 and a high of $50.20. Tuesday’s $31.61 closing price sits closer to the lower end of that range, representing a decline of approximately 3.5% for the day. This suggests the recent selling wave may be creating a potential inflection point for value-oriented investors.

What This Means for Buyers

When a stock reaches deeply oversold levels like X’s current 29.9 RSI reading, some market participants interpret this as evidence that selling pressure is nearing exhaustion. The extended decline could be setting up buying opportunities for those with a longer-term investment horizon, particularly if technical support around the 52-week low holds.