(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 2024-02-20 View latest technical analysis
10 day averaged volume of Steel Dynamics is 1127150
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Tue Feb 2024 | 122.61 | 121.74 | 123.63 | 120.95 | 0.9 times |
| 16 Fri Feb 2024 | 123.34 | 124.47 | 126.00 | 123.22 | 0.795 times |
| 15 Thu Feb 2024 | 124.11 | 120.04 | 124.35 | 120.04 | 1.17 times |
| 14 Wed Feb 2024 | 119.74 | 118.99 | 120.97 | 118.17 | 0.804 times |
| 13 Tue Feb 2024 | 118.37 | 121.61 | 122.15 | 117.43 | 1.105 times |
| 12 Mon Feb 2024 | 123.81 | 125.25 | 126.15 | 123.60 | 0.863 times |
| 09 Fri Feb 2024 | 124.99 | 125.00 | 125.66 | 124.21 | 1.023 times |
| 08 Thu Feb 2024 | 124.84 | 124.65 | 125.75 | 123.54 | 0.751 times |
| 07 Wed Feb 2024 | 124.56 | 120.22 | 125.48 | 120.15 | 1.301 times |
| 06 Tue Feb 2024 | 120.17 | 121.67 | 122.32 | 120.03 | 1.053 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 123.7 as stoploss in an intra day sell trade for a target of 120.63. However, stock will show a bullish move above 123.7.
Share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Target | 98.25 |
| Downside Target | 105.63 |
| Downside Target | 109.66 |
| Downside Target | 117.43 |
| Downside Target | 120.95 |
| Upside Target | 122.88 |
| Upside Target | 123.63 |
| Upside Target | 125.75 |
| Upside Target | 126.15 |
| Upside Target | 128.57 |
Intraday share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Intraday Target | 121.16 |
| Downside Intraday Target | 119.72 |
| Upside Intraday Target | 123.84 |
| Upside Intraday Target | 125.08 |
| Downside Intraday Target | 122.4 |
Weekly technical analysis of Steel Dynamics (STLD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Tue Feb 2024 | 122.61 | 121.74 | 123.63 | 120.95 | 0.19 times |
| 16 Fri Feb 2024 | 123.34 | 125.25 | 126.15 | 117.43 | 0.9 times |
| 09 Fri Feb 2024 | 124.99 | 118.81 | 125.75 | 118.11 | 0.771 times |
| 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 |
Price has moved down 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 |
| 20 Tue Feb 2024 | 122.61 | 121.93 | 126.15 | 117.43 | 0.508 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining momentum.
MACD generated a BUY signal for Steel Dynamics in short term and the buy signal is strong.
Steel Dynamics Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above 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 and the buying is gaining 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 122.66 and Steel Dynamics (STLD) stock is trading below this level. This means that stock is falling with high volumes. 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining momentum.
MACD generated a BUY signal for Steel Dynamics in short term and the buy signal is strong.
Steel Dynamics Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above 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 and the buying is gaining 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 122.66 and Steel Dynamics (STLD) stock is trading below this level. This means that stock is falling with high volumes. 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.