STEEL DYNAMICS INC (STLD) Stock Technical Analysis
NASDAQ:STLD - Nasdaq - US8581191009 - Common Stock - Currency: USD
Overall STLD gets a technical rating of 2 out of 10. STLD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
STLD is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 67% are performing better than STLD.
In the last month STLD has a been trading in the 119.89 - 133.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
STLD has an average volume of 1351050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, STLD outperforms 51% of them, which is more or less in line with the market.
STLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STLD is lagging the market.
STLD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 129.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 128.04, a Stop Loss order could be placed below this zone.
More info and screens
108.12
149.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 122.99 to 126.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.00 to 111.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 109.21 to 109.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 127.89 to 139.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @148.23 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for STLD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STLD is neutral. |
| ChartMill Relative Strength | 51.4 | NEUTRAL | STLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STLD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STLD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.05 | NEUTRAL | The RSI value for STLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests STLD has a positive trend. |
| Stochastics (14,3) | 62.58 | NEUTRAL | The Stochastics value for STLD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for STLD suggests some volalility. |
| Average Directional Index/ADX (14) | 17.07 | NEGATIVE | The low ADX value for STLD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:STLD (8/20/2025, 10:11:02 AM)
126.09
-2.13 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.66%
1 Week2.09%
2 Weeks3.8%
1 Month-3.04%
3 Month2.31%
6 Month-1.9%
12 Month6.07%
2 Year20.29%
3 Year58.85%
5 Year334.35%
10 Year558.21%
15 Year837.97%
Volatility
ATR(14)3.39
ATR(20)%2.65%
ATR Inc-39.5%
Range Today2.82
ADR(20)3.21
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.4
Mansfield-0.76
10 Day High131.01
10 Day Low119.89
20 Day High133.47
20 Day Low119.89
52 Week High155.56
52 Week Low103.17
CS1 End128.04
CR1 Start129.49
Volume & EV
DER(3)1.53%
DER(5)1.14%
Volume121.08K
Volume Incr-6.3%
Vol(5)1.25M
Vol(50)1.35M