(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 2024-01-18 View latest technical analysis
10 day averaged volume of Steel Dynamics is 1150880
Date | Daily Closing Price | Open | High | Low | Volume |
18 Thu Jan 2024 | 112.69 | 112.81 | 113.89 | 111.55 | 0.875 times |
17 Wed Jan 2024 | 112.35 | 110.46 | 113.17 | 109.66 | 1.1 times |
16 Tue Jan 2024 | 111.60 | 112.93 | 113.38 | 111.50 | 0.994 times |
12 Fri Jan 2024 | 113.22 | 113.29 | 115.05 | 112.43 | 0.68 times |
12 Fri Jan 2024 | 113.22 | 113.29 | 115.05 | 112.43 | 0.68 times |
11 Thu Jan 2024 | 113.12 | 112.75 | 113.68 | 111.07 | 0.969 times |
10 Wed Jan 2024 | 112.84 | 113.09 | 113.74 | 112.33 | 1.006 times |
09 Tue Jan 2024 | 113.01 | 116.49 | 116.49 | 112.76 | 1.151 times |
08 Mon Jan 2024 | 117.04 | 115.37 | 117.29 | 113.55 | 0.996 times |
05 Fri Jan 2024 | 116.22 | 115.93 | 117.97 | 115.37 | 1.29 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 113.1, but if it comes above 113.1, then a intra day buy could be more profitable.
If you take a sell trade below 113.1, then use 113.1 as stoploss and 109.1 as target. However if you take a buy trade in stock , then use 113.1 as stoploss and 116.46 as target.
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 |
Upside Target | 115.37 |
Upside Target | 117.29 |
Upside Target | 117.69 |
Upside Target | 119.05 |
Upside Target | 119.55 |
Upside Target | 121.41 |
Upside Target | 128.57 |
Intraday share price targets for Steel Dynamics (STLD)
Target Type | Value |
Downside Intraday Target | 110.27 |
Downside Intraday Target | 107.85 |
Upside Intraday Target | 114.5 |
Upside Intraday Target | 116.31 |
Downside Intraday Target | 112.08 |
Weekly technical analysis of Steel Dynamics (STLD)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Thu Jan 2024 | 112.69 | 112.93 | 113.89 | 109.66 | 4.368 times |
12 Fri Jan 2024 | 113.22 | 113.29 | 115.05 | 112.43 | 0.142 times |
12 Fri Jan 2024 | 113.22 | 115.37 | 117.29 | 111.07 | 1.108 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 |
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 |
18 Thu Jan 2024 | 112.69 | 117.83 | 121.41 | 109.66 | 0.506 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Steel Dynamics ( (STLD) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Steel Dynamics stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Steel Dynamics in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Steel Dynamics in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Steel Dynamics is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 113.62 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 negative.
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Steel Dynamics ( (STLD) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Steel Dynamics stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Steel Dynamics in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Steel Dynamics in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Steel Dynamics is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 113.62 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.