STEEL DYNAMICS INC (STLD)

US8581191009 - Common Stock

137.3  +0.4 (+0.29%)

After market: 134.2 -3.1 (-2.26%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to STLD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month STLD has a been trading in the 135.26 - 151.34 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, STLD did better than 88% of all other stocks. We also observe that the gains produced by STLD over the past year are nicely spread over this period.
STLD is part of the Metals & Mining industry. There are 155 other stocks in this industry. STLD outperforms 82% of them.
STLD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so STLD is performing more or less in line with the market.
STLD has an average volume of 1078930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Weekly and Daily overview Charts
STLD Weekly chart
STLD Daily chart
Setup Rating and Analysis

5

STLD has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

96.72

150.76

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 134.76 to 136.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @126.70 from a trend line in the daily time frame.
  • Support @123.87 from a trend line in the weekly time frame.
  • A support zone ranging from 116.61 to 118.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @97.70 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 148.24 to 149.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.45
Mansfield1.15
10 Day High149.62
10 Day Low135.26
20 Day High151.34
20 Day Low135.26
52 Week High151.34
52 Week Low90.55
Performance
1 Week-2.6%
2 Weeks-7.14%
1 Month-4.66%
3 Month18.36%
6 Month31.88%
12 Month32.08%
2 Year60.12%
3 Year153.23%
5 Year333.4%
10 Year651.5%
15 Year1002.81%
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)-1.72
RSI(14)41.6
LBB134.14
UBB150.97
STLD Daily chart

STEEL DYNAMICS INC

NASDAQ:STLD (4/22/2024, 5:38:02 PM)

After market: 134.2 -3.1 (-2.26%)

137.3

+0.4 (+0.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.29%
1 Week-2.6%
2 Weeks-7.14%
1 Month-4.66%
3 Month18.36%
6 Month31.88%
12 Month32.08%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.43
ATR(20)%2.37%
ATR Inc
Range Today3.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High149.62
10 Day Low135.26
20 Day High151.34
20 Day Low135.26
52 Week High151.34
52 Week Low90.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume822.49K
Volume Incr8.39%
Vol(5)1.03M
Vol(50)1.08M