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 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.
109.89
When analyzing the support we can see 4 important areas.
2 important resistance areas can be observed.
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. |
130.83
+4 (+3.15%)