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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 2024-05-29 View latest technical analysis

10 day averaged volume of Steel Dynamics is 1001427

Date Daily Closing Price Open High Low Volume
29 Wed May 2024 131.73 133.06 135.92 131.44 0.927 times
28 Tue May 2024 134.28 133.69 135.49 132.75 1.401 times
23 Thu May 2024 133.57 133.47 134.01 132.50 1.172 times
22 Wed May 2024 132.73 132.54 133.74 131.44 0.983 times
21 Tue May 2024 134.35 133.26 134.49 132.18 0.771 times
20 Mon May 2024 133.08 134.22 134.69 131.18 1.111 times
17 Fri May 2024 133.93 135.40 135.40 133.58 0.831 times
16 Thu May 2024 134.95 136.82 136.97 134.89 1.026 times
15 Wed May 2024 136.93 135.57 137.79 135.57 1.13 times
14 Tue May 2024 135.07 135.15 136.37 134.80 0.6 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 131.5 as stoploss in an intra day buy trade for a target of 133.38. However, stock will show a bearish move below 131.5.

Share price targets for Steel Dynamics (STLD)

Target Type Value
Downside Target 109.66
Downside Target 117.43
Downside Target 122.88
Downside Target 127.05
Upside Target 134.69
Upside Target 135.81
Upside Target 135.92
Upside Target 137.06
Upside Target 137.79
Upside Target 148.74
Upside Target 151.34

Intraday share price targets for Steel Dynamics (STLD)

Target Type Value
Downside Intraday Target 130.14
Downside Intraday Target 128.55
Upside Intraday Target 134.62
Upside Intraday Target 137.51
Upside Intraday Target 133.03

Weekly technical analysis of Steel Dynamics (STLD)

Date Weekly Closing Price Open High Low Volume
29 Wed May 2024 131.73 133.69 135.92 131.44 0.577 times
23 Thu May 2024 133.57 134.22 134.69 131.18 0.885 times
17 Fri May 2024 133.93 135.52 137.79 133.58 0.802 times
10 Fri May 2024 135.18 136.16 137.06 130.31 1.006 times
03 Fri May 2024 135.47 134.10 135.81 128.89 0.708 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
29 Wed May 2024 131.73 131.32 137.79 128.89 0.809 times
30 Tue Apr 2024 130.12 149.00 151.34 127.05 1.053 times
28 Thu Mar 2024 148.23 134.28 148.74 127.14 1.022 times
29 Thu Feb 2024 133.82 121.93 134.37 117.43 0.777 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 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 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 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 and the sell 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 134.07 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 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 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 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 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 and the sell 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 134.07 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.

Daily charts

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