STEEL DYNAMICS INC (STLD) Stock Technical Analysis
NASDAQ:STLD - Nasdaq - US8581191009 - Common Stock - Currency: USD
Taking everything into account, STLD scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, STLD is only an average performer.
The long and short term trends are both positive. This is looking good!
STLD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
STLD has an average volume of 1673120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, STLD outperforms 59% of them, which is more or less in line with the market.
STLD is part of the Metals & Mining industry. There are 154 other stocks in this industry, STLD did better than 52% of them.
STLD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so STLD is lagging the market slightly.
STLD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 135.07, a Stop Loss order could be placed below this zone.
More info and screens
107.02
150.05
3 important support areas can be observed.
- A support zone ranging from 128.36 to 131.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.12 to 111.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.10 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 135.07 to 135.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @139.06 from a horizontal line in the daily time frame.
- A resistance zone ranging from 148.23 to 148.56. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.15
Mansfield0.27
10 Day High138.18
10 Day Low128.51
20 Day High138.18
20 Day Low119.5
52 Week High155.56
52 Week Low103.17
Performance
1 Week-0.03%
2 Weeks3.21%
1 Month15.33%
3 Month3.57%
6 Month-5.7%
12 Month1.53%
2 Year47.31%
3 Year58.56%
5 Year409.71%
10 Year520.72%
15 Year822.84%
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)
Technical Indicators
MACD(12,26,9)0.28
RSI(14)60.85
LBB128.7
UBB137.88
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 135.69 | 133.64 | 2.05 (1.51%) | 25.00% |
| An entry @135.69. This is a Buy Stop order right above the resistance zone. | An exit @133.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.05 points, which is 1.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of STLD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:STLD (5/21/2025, 10:27:54 AM)
134.665
-0.72 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.53%
1 Week-0.03%
2 Weeks3.21%
1 Month15.33%
3 Month3.57%
6 Month-5.7%
12 Month1.53%
2 Year47.31%
3 Year58.56%
5 Year409.71%
10 Year520.72%
15 Year822.84%
Volatility
ATR(14)3.14
ATR(20)%2.76%
ATR Inc-12.33%
Range Today1.82
ADR(20)3.38
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.15
Mansfield0.27
10 Day High138.18
10 Day Low128.51
20 Day High138.18
20 Day Low119.5
52 Week High155.56
52 Week Low103.17
CS1 End135.07
CR1 Start135.68
Volume & EV
DER(3)1.95%
DER(5)0.29%
Volume104.91K
Volume Incr-15.3%
Vol(5)1.05M
Vol(50)1.67M