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, it is still ok in the medium term time frame, but very the very recent evolution is negative.
STLD is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 72% are performing better than STLD.
In the last month STLD has a been trading in the 126.16 - 139.57 range, which is quite wide. It is currently trading near the lows of this range.
STLD has an average volume of 1462040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, STLD turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 135.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 130.75, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
109.89
150.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 128.64 to 130.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @125.90 from a horizontal line in the daily time frame.
- A support zone ranging from 123.06 to 123.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 111.00 to 111.28. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 135.07 to 139.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
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 | DOWN | NEGATIVE | The short term trend for STLD is down. |
| ChartMill Relative Strength | 40.2 | NEUTRAL | STLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STLD is below 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) | UP | POSITIVE | The current price of STLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.99 | NEUTRAL | The RSI value for STLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests STLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.57 | NEUTRAL | The Stochastics value for STLD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for STLD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.73 | 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)
130.83
+4 (+3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.15%
1 Week-0.61%
2 Weeks-3.14%
1 Month-0.51%
3 Month2.74%
6 Month6.93%
12 Month0.22%
2 Year22.75%
3 Year67.99%
5 Year377.31%
10 Year553.17%
15 Year813.62%
Volatility
ATR(14)3.72
ATR(20)%2.75%
ATR Inc32.71%
Range Today4.85
ADR(20)3.38
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.2
Mansfield-0.61
10 Day High135.8
10 Day Low126.16
20 Day High139.57
20 Day Low126.16
52 Week High155.56
52 Week Low103.17
CS1 End130.75
CR1 Start135.07
Volume & EV
DER(3)-2.63%
DER(5)-1.69%
Volume1.03M
Volume Incr14.78%
Vol(5)1.58M
Vol(50)1.46M