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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 2024-10-10 View latest technical analysis

10 day averaged volume of Steel Dynamics is 1037590

Date Daily Closing Price Open High Low Volume
10 Thu Oct 2024 128.46 128.65 129.75 128.04 0.915 times
09 Wed Oct 2024 130.18 126.24 130.46 126.24 1.297 times
08 Tue Oct 2024 127.03 127.17 127.78 125.36 1.015 times
07 Mon Oct 2024 130.07 127.40 130.19 127.31 0.874 times
04 Fri Oct 2024 128.22 130.17 130.78 127.66 0.771 times
03 Thu Oct 2024 127.54 126.53 127.94 125.30 0.865 times
02 Wed Oct 2024 127.60 129.57 130.67 127.22 1.118 times
01 Tue Oct 2024 129.23 126.04 129.50 126.04 1.08 times
30 Mon Sep 2024 126.08 125.83 126.72 124.55 0.85 times
27 Fri Sep 2024 125.98 126.14 128.00 125.76 0.923 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 129.2 as stoploss in an intra day sell trade for a target of 123.4. However, stock will show a bullish move above 129.2.

Share price targets for Steel Dynamics (STLD)

Target Type Value
Downside Target 104.60
Downside Target 110.81
Downside Target 113.35
Downside Target 118.36
Downside Target 122.93
Downside Target 128.00
Upside Target 130.46
Upside Target 130.78
Upside Target 133.96
Upside Target 134.56
Upside Target 137.27

Intraday share price targets for Steel Dynamics (STLD)

Target Type Value
Downside Intraday Target 125.73
Downside Intraday Target 122.99
Upside Intraday Target 130.83
Upside Intraday Target 133.19
Downside Intraday Target 128.09

Weekly technical analysis of Steel Dynamics (STLD)

Date Weekly Closing Price Open High Low Volume
10 Thu Oct 2024 128.46 127.40 130.46 125.36 0.875 times
04 Fri Oct 2024 128.22 125.83 130.78 124.55 0.775 times
27 Fri Sep 2024 125.98 120.00 128.00 119.62 0.464 times
20 Fri Sep 2024 119.83 113.11 120.16 110.81 1.725 times
13 Fri Sep 2024 112.84 112.78 114.14 104.60 1.358 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
10 Thu Oct 2024 128.46 126.04 130.78 125.30 0.24 times
30 Mon Sep 2024 126.08 118.05 128.00 104.60 1.388 times
30 Fri Aug 2024 119.51 132.56 133.96 113.35 0.848 times
31 Wed Jul 2024 133.22 130.02 137.27 122.93 0.941 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 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 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 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 BUY. Signal strength is Strong and stock is losing 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 tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 128.13 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 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 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 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 BUY. Signal strength is Strong and stock is losing 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 tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 128.13 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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Daily chart
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