STEEL DYNAMICS INC (STLD)
US8581191009 - Common Stock
We assign a technical rating of 2 out of 10 to STLD. STLD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
STLD has an average volume of 1316770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, STLD outperforms 64% of them, which is more or less in line with the market.
STLD is part of the Metals & Mining industry. There are 156 other stocks in this industry, STLD did better than 63% of them.
STLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STLD is lagging the market.
In the last month STLD has a been trading in the 118.36 - 134.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, STLD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 129.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 122.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STLD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
96.72
131.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 120.69 to 122.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @118.37 from a horizontal line in the daily time frame.
- Support @97.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 129.51 to 130.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64
Mansfield-0.46
10 Day High130.6
10 Day Low120.34
20 Day High134.56
20 Day Low118.36
52 Week High151.34
52 Week Low95.53
Performance
1 Week2.22%
2 Weeks7.01%
1 Month-3.53%
3 Month-12.3%
6 Month11.13%
12 Month22.81%
2 Year65.83%
3 Year100.39%
5 Year309.87%
10 Year508.91%
15 Year689.43%
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)
Technical Indicators
MACD(12,26,9)0.83
RSI(14)53.07
LBB119.14
UBB130.61
STEEL DYNAMICS INC
NASDAQ:STLD (7/1/2024, 7:02:50 PM)
After market: 129.15 0 (0%)129.15
-0.35 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.27%
1 Week2.22%
2 Weeks7.01%
1 Month-3.53%
3 Month-12.3%
6 Month11.13%
12 Month22.81%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.7
ATR(20)%2.77%
ATR Inc
Range Today3.2
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High130.6
10 Day Low120.34
20 Day High134.56
20 Day Low118.36
52 Week High151.34
52 Week Low95.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.28M
Volume Incr6.59%
Vol(5)1.55M
Vol(50)1.32M