USA - NASDAQ:STLD - US8581191009 - Common Stock
Overall STLD gets a technical rating of 8 out of 10. 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.
STLD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 145.25, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
109.89
5 important support 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 | UP | POSITIVE | The long term trend for STLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STLD is up. |
| ChartMill Relative Strength | 78.64 | POSITIVE | STLD has a high relative strength, it outperformed 78.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STLD is above 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) | 62.83 | NEUTRAL | The RSI value for STLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests STLD has a positive trend. |
| Stochastics (14,3) | 64.24 | NEUTRAL | The Stochastics value for STLD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for STLD suggests some volalility. |
| Average Directional Index/ADX (14) | 24.41 | NEUTRAL | The ADX value for STLD suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 156.25 | 143.56 | 12.69 (8.12%) | 12.31% |
| An entry @156.25. This is a Buy Stop order right above the 10 day high. | An exit @143.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.69 points, which is 8.12%. | When investing 12.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
152.95
+2.23 (+1.48%)
ChartMill assigns a technical rating of 8 / 10 to STLD.
The current trend direction for STEEL DYNAMICS INC (STLD) is Bullish.
STEEL DYNAMICS INC (STLD) has an RSI value of 62.8333. This indicates that the stock is currently neutral.
The short term momentum for STEEL DYNAMICS INC (STLD) is positive.
STEEL DYNAMICS INC (STLD) has a support level at 145.25. Check the full technical report for our detailed analysis of STLD support and resistance levels.