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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.

10 day averaged volume of Steel Dynamics is 1007270

Date Daily Closing Price Open High Low Volume
11 Fri Oct 2024 129.86 128.44 130.69 128.44 0.716 times
10 Thu Oct 2024 128.46 128.65 129.75 128.04 0.943 times
09 Wed Oct 2024 130.18 126.24 130.46 126.24 1.336 times
08 Tue Oct 2024 127.03 127.17 127.78 125.36 1.045 times
07 Mon Oct 2024 130.07 127.40 130.19 127.31 0.9 times
04 Fri Oct 2024 128.22 130.17 130.78 127.66 0.795 times
03 Thu Oct 2024 127.54 126.53 127.94 125.30 0.891 times
02 Wed Oct 2024 127.60 129.57 130.67 127.22 1.152 times
01 Tue Oct 2024 129.23 126.04 129.50 126.04 1.112 times
30 Mon Sep 2024 126.08 125.83 126.72 124.55 0.876 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 129.7, but if it comes below 129.7, then a intra day sell could be more profitable.
If you take a sell trade below 129.7, then use 129.7 as stoploss and 124.25 as target. However if you take a buy trade in stock , then use 129.7 as stoploss and 136.3 as target.

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 130.69
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 126.58
Downside Intraday Target 123.31
Upside Intraday Target 131.91
Upside Intraday Target 133.97
Downside Intraday Target 128.64

Weekly technical analysis of Steel Dynamics (STLD)

Date Weekly Closing Price Open High Low Volume
11 Fri Oct 2024 129.86 127.40 130.69 125.36 1.024 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
11 Fri Oct 2024 129.86 126.04 130.78 125.30 0.261 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 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 short 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 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 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 128.46 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 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 short 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 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 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 128.46 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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