NASDAQ:STLD - Nasdaq - US8581191009 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to STLD. Although STLD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
107.02
We found 3 important support areas.
When analyzing the resistance we notice 3 important areas.
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 | UP | POSITIVE | The long term trend for STLD is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STLD is neutral. |
ChartMill Relative Strength | 46.08 | NEUTRAL | STLD is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of STLD is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STLD is above the rising 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) | 49.68 | NEUTRAL | The RSI value for STLD is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests STLD has a negative trend. |
Stochastics (14,3) | 41.21 | NEUTRAL | The Stochastics value for STLD is a neutral value. |
Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for STLD suggests some volalility. |
Average Directional Index/ADX (14) | 13.92 | NEGATIVE | The low ADX value for STLD suggests a weak or negative trend. |
129.89
-2.32 (-1.75%)