(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 2024-01-08 View latest technical analysis
10 day averaged volume of Steel Dynamics is 888150
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 117.04 | 115.37 | 117.29 | 113.55 | 1.291 times |
| 05 Fri Jan 2024 | 116.22 | 115.93 | 117.97 | 115.37 | 1.672 times |
| 04 Thu Jan 2024 | 116.46 | 118.73 | 119.85 | 116.34 | 1.469 times |
| 03 Wed Jan 2024 | 119.11 | 117.86 | 121.41 | 116.43 | 1.39 times |
| 02 Tue Jan 2024 | 118.91 | 117.83 | 120.53 | 117.75 | 1.088 times |
| 29 Fri Dec 2023 | 118.10 | 118.85 | 119.05 | 117.69 | 0.867 times |
| 29 Fri Dec 2023 | 118.10 | 118.85 | 119.05 | 117.69 | 0.867 times |
| 28 Thu Dec 2023 | 119.08 | 120.42 | 120.67 | 118.73 | 0.647 times |
| 27 Wed Dec 2023 | 120.90 | 121.35 | 122.23 | 120.70 | 0.847 times |
| 26 Tue Dec 2023 | 121.25 | 122.05 | 122.47 | 121.21 | 0.391 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 116.2 as stoploss in an intra day buy trade for a target of 119.02. However, stock will show a bearish move below 116.2.
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 |
| Upside Target | 119.55 |
| Upside Target | 120.02 |
| Upside Target | 121.41 |
| Upside Target | 122.47 |
| Upside Target | 128.57 |
Intraday share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Intraday Target | 114.63 |
| Downside Intraday Target | 112.22 |
| Upside Intraday Target | 118.37 |
| Upside Intraday Target | 119.7 |
| Downside Intraday Target | 115.96 |
Weekly technical analysis of Steel Dynamics (STLD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 117.04 | 115.37 | 117.29 | 113.55 | 0.23 times |
| 05 Fri Jan 2024 | 116.22 | 117.83 | 121.41 | 115.37 | 6.483 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 |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Steel Dynamics (STLD)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 117.04 | 117.83 | 121.41 | 113.55 | 0.211 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 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 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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 118.06 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 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 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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 118.06 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.