STEEL DYNAMICS INC (STLD) Stock Technical Analysis
NASDAQ:STLD - Nasdaq - US8581191009 - Common Stock - Currency: USD
Overall STLD gets a technical rating of 3 out of 10. 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month STLD has a been trading in the 103.17 - 128.74 range, which is quite wide. It is currently trading near the high of this range.
STLD has an average volume of 1880650 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 59% of all stocks.
STLD is part of the Metals & Mining industry. There are 153 other stocks in this industry, STLD did better than 53% of them.
STLD is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, STLD does present a nice setup opportunity. 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 126.74, a Stop Loss order could be placed below this zone.
More info and screens
107.02
149.71
3 important support areas can be observed.
- A support zone ranging from 123.54 to 126.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @115.29 from a trend line in the daily time frame.
- A support zone ranging from 108.10 to 111.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @128.51 from a trend line in the daily time frame.
- Resistance @133.45 from a trend line in the daily time frame.
- Resistance @135.84 from a horizontal line in the weekly time frame.
- Resistance @139.07 from a horizontal line in the daily time frame.
- Resistance @148.23 from a horizontal line 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
CRS59.21
Mansfield0.3
10 Day High127.85
10 Day Low112.72
20 Day High128.74
20 Day Low103.17
52 Week High155.56
52 Week Low103.17
Performance
1 Week7.65%
2 Weeks8.38%
1 Month-0.51%
3 Month4.08%
6 Month-1.73%
12 Month-5%
2 Year22.5%
3 Year48.5%
5 Year424.68%
10 Year475.42%
15 Year710.05%
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)1.39
RSI(14)57.13
LBB108.81
UBB128.68
127.34
-0.04 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.03%
1 Week7.65%
2 Weeks8.38%
1 Month-0.51%
3 Month4.08%
6 Month-1.73%
12 Month-5%
2 Year22.5%
3 Year48.5%
5 Year424.68%
10 Year475.42%
15 Year710.05%
Volatility
ATR(14)6.6
ATR(20)%5.18%
ATR Inc-46.06%
Range Today2.02
ADR(20)5.82
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.21
Mansfield0.3
10 Day High127.85
10 Day Low112.72
20 Day High128.74
20 Day Low103.17
52 Week High155.56
52 Week Low103.17
CS1 End126.74
CR1 Start128.51
Volume & EV
DER(3)-0.78%
DER(5)-0.83%
Volume775.00K
Volume Incr-31.63%
Vol(5)1.41M
Vol(50)1.88M