STEEL DYNAMICS INC (STLD) Stock Technical Analysis
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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
STLD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
STLD has an average volume of 1641960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 46% of all stocks.
STLD is an average performer in the Metals & Mining industry, it outperforms 49% of 154 stocks in the same industry.
STLD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so STLD is lagging the market slightly.
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.
More info and screens
107.02
150.05
We found 3 important support areas.
- A support zone ranging from 129.88 to 129.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 110.12 to 111.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 132.12 to 136.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @139.06 from a horizontal line in the daily time frame.
- 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 | 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. |
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)
129.89
-2.32 (-1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.75%
1 Week-2.92%
2 Weeks0.2%
1 Month1.97%
3 Month-0.63%
6 Month-9.53%
12 Month-2.59%
2 Year41.34%
3 Year52.13%
5 Year389.04%
10 Year495.55%
15 Year785.41%
Volatility
ATR(14)2.97
ATR(20)%2.5%
ATR Inc-2.61%
Range Today2.28
ADR(20)2.97
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.08
Mansfield0.02
10 Day High138.18
10 Day Low128.51
20 Day High138.18
20 Day Low124.73
52 Week High155.56
52 Week Low103.17
CS1 End129.88
CR1 Start132.12
Volume & EV
DER(3)-2.57%
DER(5)-1.04%
Volume1.42M
Volume Incr2.39%
Vol(5)1.25M
Vol(50)1.64M