(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 2024-01-22 View latest technical analysis
10 day averaged volume of Steel Dynamics is 1068340
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Jan 2024 | 115.43 | 112.20 | 115.55 | 112.20 | 1.842 times |
| 19 Fri Jan 2024 | 112.86 | 112.46 | 113.22 | 111.33 | 0.895 times |
| 18 Thu Jan 2024 | 112.69 | 112.81 | 113.89 | 111.55 | 0.943 times |
| 17 Wed Jan 2024 | 112.35 | 110.46 | 113.17 | 109.66 | 1.185 times |
| 16 Tue Jan 2024 | 111.60 | 112.93 | 113.38 | 111.50 | 1.071 times |
| 12 Fri Jan 2024 | 113.22 | 113.29 | 115.05 | 112.43 | 0.732 times |
| 12 Fri Jan 2024 | 113.22 | 113.29 | 115.05 | 112.43 | 0.732 times |
| 11 Thu Jan 2024 | 113.12 | 112.75 | 113.68 | 111.07 | 1.044 times |
| 10 Wed Jan 2024 | 112.84 | 113.09 | 113.74 | 112.33 | 1.083 times |
| 09 Tue Jan 2024 | 113.01 | 116.49 | 116.49 | 112.76 | 1.24 times |
My analysis of stock is bearish for shortterm, and stock might move down till 112.7 or till 109.1. Use a stoploss of 115.78 and if the stock hits stoploss, then it can shoot up till 118.82
Share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Target | 95.53 |
| Downside Target | 98.25 |
| Downside Target | 105.63 |
| Downside Target | 108.26 |
| Downside Target | 115.05 |
| Downside Target | 115.37 |
| Upside Target | 115.55 |
| Upside Target | 117.29 |
| Upside Target | 119.55 |
| Upside Target | 121.41 |
| Upside Target | 128.57 |
Intraday share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Intraday Target | 113.24 |
| Downside Intraday Target | 111.04 |
| Upside Intraday Target | 116.59 |
| Upside Intraday Target | 117.74 |
| Downside Intraday Target | 114.39 |
Weekly technical analysis of Steel Dynamics (STLD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Jan 2024 | 115.43 | 112.20 | 115.55 | 112.20 | 0.45 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 |
| 05 Fri Jan 2024 | 116.22 | 117.83 | 121.41 | 115.37 | 6.483 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 |
| 22 Mon Jan 2024 | 115.43 | 117.83 | 121.41 | 109.66 | 0.606 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 |
| 31 Tue Oct 2023 | 106.51 | 107.45 | 111.43 | 98.25 | 1 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 SELL signal for Steel Dynamics in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 113.19 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 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 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 SELL signal for Steel Dynamics in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 113.19 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 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.