STEEL DYNAMICS INC (STLD) Stock Technical Analysis
NASDAQ:STLD - Nasdaq - US8581191009 - Common Stock - Currency: USD
Overall STLD gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, STLD is a bad performer.
When comparing the yearly performance of all stocks, STLD is a bad performer in the overall market: 68% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
STLD has an average volume of 1722290 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 150 other stocks in this industry, STLD did better than 42% 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 120.66 - 139.65 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 only medium, STLD does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 136.93. Right above this resistance zone may be a good entry point.
More info and screens
110.81
150.05
We found 1 important support area.
- A support zone ranging from 111.93 to 114.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 136.93 to 139.07. This zone is formed by a combination of multiple trend lines 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.76
Mansfield-0.65
10 Day High139.65
10 Day Low126.14
20 Day High139.65
20 Day Low120.66
52 Week High155.56
52 Week Low104.6
Performance
1 Week-1.63%
2 Weeks1.36%
1 Month6.82%
3 Month-8.96%
6 Month8.13%
12 Month2.91%
2 Year3.65%
3 Year85.19%
5 Year390.84%
10 Year617.4%
15 Year700.43%
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)0.22
RSI(14)51.4
LBB124.57
UBB139.68
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 |
|---|---|---|---|
| 133.72 | 126.13 | 7.59 (5.68%) | 17.62% |
| An entry @133.72. This is a Buy Stop order right above the 10 day moving average. | An exit @126.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.59 points, which is 5.68%. | When investing 17.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
130.71
-4.36 (-3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.23%
1 Week-1.63%
2 Weeks1.36%
1 Month6.82%
3 Month-8.96%
6 Month8.13%
12 Month2.91%
2 Year3.65%
3 Year85.19%
5 Year390.84%
10 Year617.4%
15 Year700.43%
Volatility
ATR(14)4.45
ATR(20)%3.25%
ATR Inc17.61%
Range Today5.74
ADR(20)3.88
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.76
Mansfield-0.65
10 Day High139.65
10 Day Low126.14
20 Day High139.65
20 Day Low120.66
52 Week High155.56
52 Week Low104.6
CS1 End114.61
CR1 Start136.93
Volume & EV
DER(3)0.82%
DER(5)-0.12%
Volume1.40M
Volume Incr-18.05%
Vol(5)1.53M
Vol(50)1.72M