(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 2024-07-02 View latest technical analysis
10 day averaged volume of Steel Dynamics is 1833610
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Tue Jul 2024 | 128.30 | 128.99 | 130.26 | 127.23 | 0.661 times |
| 01 Mon Jul 2024 | 129.15 | 130.02 | 130.60 | 127.40 | 0.697 times |
| 28 Fri Jun 2024 | 129.50 | 126.61 | 130.60 | 126.58 | 1.325 times |
| 27 Thu Jun 2024 | 125.05 | 124.78 | 126.34 | 124.35 | 0.568 times |
| 26 Wed Jun 2024 | 124.78 | 122.89 | 125.07 | 122.48 | 0.819 times |
| 25 Tue Jun 2024 | 123.59 | 127.25 | 127.25 | 123.29 | 0.82 times |
| 24 Mon Jun 2024 | 126.34 | 127.40 | 128.93 | 125.72 | 0.953 times |
| 21 Fri Jun 2024 | 128.18 | 125.76 | 128.82 | 124.30 | 2.354 times |
| 20 Thu Jun 2024 | 125.68 | 125.02 | 127.05 | 124.48 | 0.679 times |
| 18 Tue Jun 2024 | 125.00 | 126.48 | 128.37 | 123.40 | 0.893 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 128, but if it comes below 128, then a intra day sell could be more profitable.
If you take a sell trade below 128, then use 128 as stoploss and 125.31 as target. However if you take a buy trade in stock , then use 128 as stoploss and 131.2 as target.
Share price targets for Steel Dynamics (STLD)
| Target Type | Value |
| Downside Target | 118.36 |
| Upside Target | 128.82 |
| Upside Target | 128.89 |
| Upside Target | 130.60 |
| Upside Target | 134.56 |
| 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 | 126.82 |
| Downside Intraday Target | 125.34 |
| Upside Intraday Target | 130.19 |
| Upside Intraday Target | 132.08 |
| Upside Intraday Target | 128.71 |
Weekly technical analysis of Steel Dynamics (STLD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Tue Jul 2024 | 128.30 | 130.02 | 130.60 | 127.23 | 0.303 times |
| 28 Fri Jun 2024 | 129.50 | 127.40 | 130.60 | 122.48 | 1.142 times |
| 21 Fri Jun 2024 | 128.18 | 126.48 | 128.82 | 123.40 | 1.858 times |
| 18 Tue Jun 2024 | 125.00 | 120.40 | 128.37 | 120.34 | 0.619 times |
| 14 Fri Jun 2024 | 120.69 | 125.01 | 125.20 | 118.36 | 1.158 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 |
| 02 Tue Jul 2024 | 128.30 | 130.02 | 130.60 | 127.23 | 0.08 times |
| 28 Fri Jun 2024 | 129.50 | 134.00 | 134.56 | 118.36 | 1.332 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 |
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 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 short 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 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 but the buy signal is initial and weak.
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 red color and prices are in or above the red 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 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 126.94 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 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 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 short 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 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 but the buy signal is initial and weak.
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 red color and prices are in or above the red 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 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 126.94 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.