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(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 2024-03-20 View latest technical analysis

10 day averaged volume of Steel Dynamics is 1270360

Date Daily Closing Price Open High Low Volume
20 Wed Mar 2024 142.72 141.18 143.41 140.30 0.78 times
19 Tue Mar 2024 140.88 140.00 141.26 139.73 0.968 times
18 Mon Mar 2024 139.97 138.46 140.35 137.73 0.874 times
15 Fri Mar 2024 137.90 132.30 138.95 131.62 3.042 times
14 Thu Mar 2024 132.16 133.95 135.20 131.05 0.762 times
13 Wed Mar 2024 133.95 131.66 134.54 131.61 0.91 times
12 Tue Mar 2024 131.34 131.05 131.54 128.00 0.859 times
11 Mon Mar 2024 129.92 130.25 130.42 127.23 0.638 times
08 Fri Mar 2024 131.48 132.89 135.24 131.22 0.687 times
07 Thu Mar 2024 132.41 130.92 133.33 130.92 0.554 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 142.6, for a target of 137.3 or 132.86

Share price targets for Steel Dynamics (STLD)

Target Type Value
Downside Target 105.63
Downside Target 109.66
Downside Target 117.43
Downside Target 127.02
Downside Target 128.57
Downside Target 134.37
Downside Target 135.24
Downside Target 137.70
Downside Target 137.73
Downside Target 138.95
Upside Target 143.41

Intraday share price targets for Steel Dynamics (STLD)

Target Type Value
Downside Intraday Target 139.16
Downside Intraday Target 135.61
Upside Intraday Target 144.84
Upside Intraday Target 146.97
Downside Intraday Target 141.29

Weekly technical analysis of Steel Dynamics (STLD)

Date Weekly Closing Price Open High Low Volume
20 Wed Mar 2024 142.72 138.46 143.41 137.73 0.422 times
15 Fri Mar 2024 137.90 130.25 138.95 127.23 1.596 times
08 Fri Mar 2024 131.48 133.47 135.24 127.14 0.702 times
01 Fri Mar 2024 133.71 127.60 137.70 127.02 2.061 times
23 Fri Feb 2024 127.01 121.74 127.82 120.66 0.64 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
20 Wed Mar 2024 142.72 134.28 143.41 127.14 0.772 times
29 Thu Feb 2024 133.82 121.93 134.37 117.43 0.777 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

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 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 BUY. Signal strength is Strong and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Steel Dynamics in short term and BUY 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 136.14 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Steel Dynamics in short term and BUY 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 136.14 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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