STEEL DYNAMICS INC (STLD) Technical Analysis
NASDAQ:STLD • US8581191009
Current stock price
227.46 USD
+7.25 (+3.29%)
At close:
229 USD
+1.54 (+0.68%)
After Hours:
STLD Technical Rating and Analysis
Overall STLD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STLD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, STLD did better than 90% of all other stocks. We also observe that the gains produced by STLD over the past year are nicely spread over this period.
- STLD is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month STLD has a been trading in the 169.91 - 228.19 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- STLD has an average volume of 1232970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- STLD is part of the Metals & Mining industry. There are 163 other stocks in this industry, STLD did better than 63% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
STLD Weekly and Daily overview Charts
STLD Setup Rating and Analysis
Although STLD has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
STLD Support and Resistance Analysis
109.89
229.73
We found 4 important support areas.
- A support zone ranging from 187.34 to 189.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 169.88 to 170.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @165.22 from a horizontal line in the daily time frame.
- Support @111.00 from a horizontal line in the weekly time frame.
STLD Technical Indicator Signal Analysis
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 | 90.13 | POSITIVE | STLD has a high relative strength, it outperformed 90.13% 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) | 81.66 | OVERBOUGHT | The high RSI value suggests STLD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.52 | POSITIVE | The MACD value suggests STLD has a positive trend. |
| Stochastics (14,3) | 93.93 | OVERBOUGHT | The high Stochastics value suggests STLD may be overbought. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for STLD suggests some volalility. |
| Average Directional Index/ADX (14) | 26.44 | POSITIVE | The high ADX value value for STLD suggests a strong trend. |
STLD Chart- and CandleStick Pattern Analysis
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)
STLD Technicals: Chart, Performance Metrics, Trend & Indicators
227.46
+7.25 (+3.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.29%
1 Week17.18%
2 Weeks21.27%
1 Month34.04%
3 Month25.45%
6 Month48.72%
12 Month78.62%
2 Year74.81%
3 Year118.82%
5 Year319.51%
10 Year802.26%
15 Year1150.47%
Volatility
ATR(14)6.97
ATR(20)%2.85%
ATR Inc96.57%
Range Today5.73
ADR(20)5.72
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.13
3 months CRS93.01
6 months CRS94.14
Mansfield3.49
10 Day High228.19
10 Day Low186.38
20 Day High228.19
20 Day Low169.91
52 Week High228.19
52 Week Low119.89
CS1 End189.68
CR1 StartN/A
Volume & EV
DER(3)1.66%
DER(5)1.27%
Volume1.76M
Volume Incr45.46%
Vol(5)1.68M
Vol(50)1.23M
STEEL DYNAMICS INC / STLD TA FAQ
Can you provide the ChartMill technical rating for STEEL DYNAMICS INC?
ChartMill assigns a technical rating of 10 / 10 to STLD.
What is the current trend direction of STEEL DYNAMICS INC (STLD) stock?
The current trend direction for STEEL DYNAMICS INC (STLD) is Bullish.
What is the RSI signal for STLD stock?
STEEL DYNAMICS INC (STLD) has an RSI value of 81.6647. This indicates that the stock is currently overbought.
What is the short term momentum for STEEL DYNAMICS INC (STLD) stock?
The short term momentum for STEEL DYNAMICS INC (STLD) is positive.
Can you provide the buy/sell signal for STEEL DYNAMICS INC?
The buy/sell signal for STEEL DYNAMICS INC (STLD) is buy as both the short term and long term trends are positive.