(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 2024-02-02 View latest technical analysis
10 day averaged volume of Steel Dynamics is 1622070
Date | Daily Closing Price | Open | High | Low | Volume |
02 Fri Feb 2024 | 120.16 | 119.38 | 121.28 | 118.95 | 0.746 times |
01 Thu Feb 2024 | 119.79 | 121.93 | 122.85 | 118.57 | 0.906 times |
31 Wed Jan 2024 | 120.69 | 122.67 | 122.88 | 120.41 | 1.022 times |
30 Tue Jan 2024 | 122.45 | 115.79 | 122.88 | 115.76 | 0.999 times |
29 Mon Jan 2024 | 116.86 | 115.57 | 116.93 | 112.84 | 1.07 times |
26 Fri Jan 2024 | 116.00 | 116.37 | 117.93 | 115.34 | 0.614 times |
25 Thu Jan 2024 | 115.90 | 117.38 | 118.15 | 114.76 | 0.782 times |
24 Wed Jan 2024 | 116.54 | 110.08 | 118.56 | 110.00 | 1.59 times |
23 Tue Jan 2024 | 116.14 | 116.38 | 117.73 | 115.49 | 1.215 times |
22 Mon Jan 2024 | 115.43 | 112.20 | 115.55 | 112.20 | 1.213 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 118.7, but if it comes below 118.7, then a intra day sell could be more profitable.
If you take a sell trade below 118.7, then use 118.7 as stoploss and 115.6 as target. However if you take a buy trade in stock , then use 118.7 as stoploss and 122.4 as target.
Share price targets for Steel Dynamics (STLD)
Target Type | Value |
Downside Target | 98.25 |
Downside Target | 105.63 |
Downside Target | 109.66 |
Downside Target | 117.29 |
Downside Target | 118.56 |
Downside Target | 118.57 |
Downside Target | 119.55 |
Upside Target | 122.85 |
Upside Target | 122.88 |
Upside Target | 128.57 |
Intraday share price targets for Steel Dynamics (STLD)
Target Type | Value |
Downside Intraday Target | 114.37 |
Downside Intraday Target | 108.59 |
Upside Intraday Target | 124.41 |
Upside Intraday Target | 128.67 |
Downside Intraday Target | 118.63 |
Weekly technical analysis of Steel Dynamics (STLD)
Date | Weekly Closing Price | Open | High | Low | Volume |
02 Fri Feb 2024 | 120.16 | 115.57 | 122.88 | 112.84 | 0.876 times |
26 Fri Jan 2024 | 116.00 | 112.20 | 118.56 | 110.00 | 2.007 times |
19 Fri Jan 2024 | 112.86 | 112.93 | 113.89 | 109.66 | 5.59 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 |
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 |
02 Fri Feb 2024 | 120.16 | 121.93 | 122.85 | 118.57 | 0.091 times |
31 Wed Jan 2024 | 120.69 | 117.83 | 122.88 | 109.66 | 1.012 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 |
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short 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.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short to mid 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.
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 losing momentum.
MACD generated a BUY signal for Steel Dynamics in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Steel Dynamics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Steel Dynamics in short term but SELL 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 117.87 and Steel Dynamics (STLD) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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 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.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short 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.
Price action analysis of Steel Dynamics ( (STLD) ) based on a short to mid 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.
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 losing momentum.
MACD generated a BUY signal for Steel Dynamics in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Steel Dynamics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Steel Dynamics in short term but SELL 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 117.87 and Steel Dynamics (STLD) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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.