United States Steel Corporation (X) stock surged higher in its latest intraday trading, under full control of a prevailing upward trend and trading along a supportive ascending trendline. Positive momentum continues as the stock remains above its 50-day SMA. Additionally, a bullish divergence is beginning to form in the Relative Strength Index, after it reached extremely oversold levels relative to the stock's price movement, with early signs of a positive crossover.

Therefore we expect the stock to rise in upcoming sessions, as long as support at $50.20 holds, targeting the key resistance level at $56.55 in preparation to challenge it.

Todays price forecast: Bullish.