(STLD) Steel Dynamics complete technical analysis [charts+indicators] | Buy/Sell Steel Dynamics | (STLD) share price targets
Complete technical analysis of Steel Dynamics (STLD) by charts plus indicators, forecast predictions and share price targets for Steel Dynamics (STLD)
Steel Dynamics trades in USA in Basic Industries sector.
Showing technical analysis as on 2024-01-04 View latest technical analysis
10 day averaged volume of Steel Dynamics is 770640
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Thu Jan 2024 | 116.46 | 118.73 | 119.85 | 116.34 | 1.692 times |
| 03 Wed Jan 2024 | 119.11 | 117.86 | 121.41 | 116.43 | 1.602 times |
| 02 Tue Jan 2024 | 118.91 | 117.83 | 120.53 | 117.75 | 1.253 times |
| 29 Fri Dec 2023 | 118.10 | 118.85 | 119.05 | 117.69 | 0.999 times |
| 29 Fri Dec 2023 | 118.10 | 118.85 | 119.05 | 117.69 | 0.999 times |
| 28 Thu Dec 2023 | 119.08 | 120.42 | 120.67 | 118.73 | 0.745 times |
| 27 Wed Dec 2023 | 120.90 | 121.35 | 122.23 | 120.70 | 0.976 times |
| 26 Tue Dec 2023 | 121.25 | 122.05 | 122.47 | 121.21 | 0.451 times |
| 22 Fri Dec 2023 | 121.84 | 120.61 | 122.33 | 120.13 | 0.881 times |
| 21 Thu Dec 2023 | 120.19 | 120.91 | 121.44 | 120.02 | 0.968 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 115.6 as stoploss in an intra day buy trade for a target of 118.74. However, stock will show a bearish move below 115.6.
Share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Target | 95.53 |
| Downside Target | 98.25 |
| Downside Target | 105.63 |
| Downside Target | 108.26 |
| Downside Target | 111.43 |
| Downside Target | 116.34 |
| Upside Target | 120.02 |
| Upside Target | 121.41 |
| Upside Target | 122.47 |
| Upside Target | 127.76 |
| Upside Target | 128.57 |
Intraday share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Intraday Target | 114.73 |
| Downside Intraday Target | 113 |
| Upside Intraday Target | 119.8 |
| Upside Intraday Target | 123.14 |
| Upside Intraday Target | 118.07 |
Weekly technical analysis of Steel Dynamics (STLD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Thu Jan 2024 | 116.46 | 117.83 | 121.41 | 116.34 | 4.554 times |
| 29 Fri Dec 2023 | 118.10 | 118.85 | 119.05 | 117.69 | 0.315 times |
| 29 Fri Dec 2023 | 118.10 | 122.05 | 122.47 | 117.69 | 0.412 times |
| 22 Fri Dec 2023 | 121.84 | 128.50 | 128.57 | 120.02 | 0.473 times |
| 15 Fri Dec 2023 | 124.52 | 112.07 | 127.76 | 111.63 | 2.002 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Steel Dynamics (STLD)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 04 Thu Jan 2024 | 116.46 | 117.83 | 121.41 | 116.34 | 0.12 times |
| 29 Fri Dec 2023 | 118.10 | 120.00 | 128.57 | 111.63 | 1.209 times |
| 30 Thu Nov 2023 | 119.13 | 107.05 | 119.55 | 105.63 | 0.807 times |
| 31 Tue Oct 2023 | 106.51 | 107.45 | 111.43 | 98.25 | 1 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Steel Dynamics (STLD)
Price action analysis of Steel Dynamics ( (STLD) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Steel Dynamics ( (STLD) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Steel Dynamics stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Steel Dynamics in short term but the sell signal is initial and weak.
Steel Dynamics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Steel Dynamics in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Steel Dynamics is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 119.05 and Steel Dynamics (STLD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Steel Dynamics (STLD) stock. Volume based technical analysis of Steel Dynamics (STLD) stock is negative.
Steel Dynamics Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Steel Dynamics ( (STLD) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Steel Dynamics stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Steel Dynamics in short term but the sell signal is initial and weak.
Steel Dynamics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Steel Dynamics in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Steel Dynamics is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 119.05 and Steel Dynamics (STLD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Steel Dynamics (STLD) stock. Volume based technical analysis of Steel Dynamics (STLD) stock is negative.
Steel Dynamics Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.