(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 2024-06-13 View latest technical analysis
10 day averaged volume of Steel Dynamics is 1275820
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Thu Jun 2024 | 121.42 | 120.79 | 121.87 | 119.06 | 0.772 times |
| 12 Wed Jun 2024 | 120.78 | 123.15 | 123.52 | 120.36 | 0.87 times |
| 11 Tue Jun 2024 | 121.53 | 122.61 | 122.61 | 120.05 | 1.126 times |
| 10 Mon Jun 2024 | 123.67 | 125.01 | 125.20 | 122.36 | 1.19 times |
| 07 Fri Jun 2024 | 125.52 | 126.80 | 127.72 | 124.66 | 1.026 times |
| 06 Thu Jun 2024 | 128.35 | 126.72 | 128.46 | 126.38 | 0.836 times |
| 05 Wed Jun 2024 | 127.16 | 126.64 | 128.55 | 126.42 | 0.983 times |
| 04 Tue Jun 2024 | 127.24 | 130.83 | 130.95 | 127.11 | 0.809 times |
| 03 Mon Jun 2024 | 132.61 | 134.00 | 134.56 | 131.49 | 0.583 times |
| 31 Fri May 2024 | 133.87 | 133.75 | 133.93 | 131.18 | 1.961 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 125.1, but if it comes above 125.1, then a intra day buy could be more profitable.
If you take a sell trade below 125.1, then use 125.1 as stoploss and 119.1 as target. However if you take a buy trade in stock , then use 125.1 as stoploss and 130.06 as target.
Share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Target | 117.43 |
| Upside Target | 124.66 |
| Upside Target | 134.37 |
| Upside Target | 134.56 |
| Upside Target | 134.69 |
| Upside Target | 135.92 |
| 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 | 118.59 |
| Downside Intraday Target | 115.75 |
| Upside Intraday Target | 124.73 |
| Upside Intraday Target | 128.03 |
| Upside Intraday Target | 121.89 |
Weekly technical analysis of Steel Dynamics (STLD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Thu Jun 2024 | 121.42 | 125.01 | 125.20 | 119.06 | 0.934 times |
| 07 Fri Jun 2024 | 125.52 | 134.00 | 134.56 | 124.66 | 0.962 times |
| 31 Fri May 2024 | 133.87 | 133.69 | 135.92 | 131.00 | 1.39 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 |
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 |
| 13 Thu Jun 2024 | 121.42 | 134.00 | 134.56 | 119.06 | 0.45 times |
| 31 Fri May 2024 | 133.87 | 131.32 | 137.79 | 128.89 | 0.943 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 |
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 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 short 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Steel Dynamics stock for short term is SELL. Signal strength is Strong 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 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 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 126.69 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 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 short 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Steel Dynamics stock for short term is SELL. Signal strength is Strong 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 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 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 126.69 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.