(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 2024-03-07 View latest technical analysis
10 day averaged volume of Steel Dynamics is 1195600
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 132.41 | 130.92 | 133.33 | 130.92 | 0.588 times |
| 06 Wed Mar 2024 | 129.96 | 131.06 | 132.29 | 129.69 | 0.751 times |
| 05 Tue Mar 2024 | 128.50 | 129.15 | 130.45 | 127.14 | 0.937 times |
| 04 Mon Mar 2024 | 130.24 | 133.47 | 134.86 | 128.53 | 1.129 times |
| 01 Fri Mar 2024 | 133.71 | 134.28 | 137.70 | 132.36 | 1.261 times |
| 29 Thu Feb 2024 | 133.82 | 133.13 | 134.37 | 132.06 | 1.786 times |
| 28 Wed Feb 2024 | 132.49 | 131.61 | 133.16 | 130.82 | 0.982 times |
| 27 Tue Feb 2024 | 132.97 | 130.86 | 133.65 | 130.77 | 1.023 times |
| 26 Mon Feb 2024 | 131.07 | 127.60 | 131.22 | 127.02 | 0.835 times |
| 23 Fri Feb 2024 | 127.01 | 125.52 | 127.82 | 124.55 | 0.629 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 131.7, but if it comes below 131.7, then a intra day sell could be more profitable.
If you take a sell trade below 131.7, then use 131.7 as stoploss and 127.04 as target. However if you take a buy trade in stock , then use 131.7 as stoploss and 137.4 as target.
Share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Target | 105.63 |
| Downside Target | 109.66 |
| Downside Target | 117.43 |
| Downside Target | 125.75 |
| Downside Target | 127.14 |
| Downside Target | 127.82 |
| Downside Target | 128.57 |
| Upside Target | 134.37 |
| Upside Target | 134.86 |
| Upside Target | 137.70 |
Intraday share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Intraday Target | 128.08 |
| Downside Intraday Target | 123.75 |
| Upside Intraday Target | 135.8 |
| Upside Intraday Target | 139.19 |
| Downside Intraday Target | 131.47 |
Weekly technical analysis of Steel Dynamics (STLD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 132.41 | 133.47 | 134.86 | 127.14 | 0.578 times |
| 01 Fri Mar 2024 | 133.71 | 127.60 | 137.70 | 127.02 | 2.061 times |
| 23 Fri Feb 2024 | 127.01 | 121.74 | 127.82 | 120.66 | 0.64 times |
| 16 Fri Feb 2024 | 123.34 | 125.25 | 126.15 | 117.43 | 0.9 times |
| 09 Fri Feb 2024 | 124.99 | 118.81 | 125.75 | 118.11 | 0.771 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 |
| 07 Thu Mar 2024 | 132.41 | 134.28 | 137.70 | 127.14 | 0.244 times |
| 29 Thu Feb 2024 | 133.82 | 121.93 | 134.37 | 117.43 | 0.777 times |
| 31 Wed Jan 2024 | 120.69 | 117.83 | 122.88 | 109.66 | 1.012 times |
| 29 Fri Dec 2023 | 118.10 | 120.00 | 128.57 | 111.63 | 1.209 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 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 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 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 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 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 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 131.64 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 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 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 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 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 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 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 131.64 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.