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Steel Dynamics (STLD) Technical (Analysis) Reports Steel Dynamics ["Technical Analysis"] Reports -NASDAQ Stock Exchange MunafaSutra.com

Complete & easy to understand technical analysis of Steel Dynamics (STLD)

Technical Analysis Report for NASDAQ stock STLD Steel Dynamics. Dated: 23 Dec 2024 Updated Daily. Stock trades under Basic Industries Deals in Steel Iron Ore in NASDAQ stock exchange

If you are looking for Tomorrow's Movement Predictions for NASDAQ stock STLD Steel Dynamics then click here. or read Experts views on Steel Dynamics or Forecast & share price targets of Steel Dynamics

Steel Dynamics Opened at 115.50 and Closed at: 115.75, which is 0.05% of previous session's close. It moved within a range of 114.38 and 116.38
The session was a Bullish session with an average volume of 1246189, which is -253.78% of previous session's volumes.

• Even though the stock has shown an up move, but the short term trend of the stock remains negative and in a downtrend.
• Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
• Even though the stock has shown an up move, but the long term trend of the stock remains negative and in a downtrend.

A Dead cross was found 5 days back on mid term averages

Support for tomorrow is 115.07 and resistance for tomorrow is 117.07
These support and resistance points are valid for the first 5-15 minutes charts

Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.

Support for tomorrow's hourly charts is 114.63, 113.5 resistance for tomorrow's hourly charts is 116.63, 117.5

10 Day SMA for Steel Dynamics (STLD) is 122.18 and stock is trading below these levels. This is not a good sign for its short term trend

20 Day SMA for Steel Dynamics (STLD) is 132.31 and the stock is trading below these levels. This is not a good sign for its mid term trend

50 Day SMA for Steel Dynamics (STLD) is 133.87 and the stock is trading below these levels. This is not a good sign for its mid to long term trend

100 Day SMA is 126.53 and the stock is trading below these levels. This is not a good sign for its long term trend

200 Day SMA Steel Dynamics is 129.87 and stock is trading below these levels. This is not a good sign for its long term trend

20 DMA of Steel Dynamics is at 132.31 and 200 DMA is at 129.87, while 50 DMA and 100 DMA are at 133.87 and 126.53 respectively

Steel Dynamics (STLD) moving average of 20 SMA is at 132.31 and 20 EMA is at 127.97

Steel Dynamics (STLD) moving average of 50 SMA is at 133.87 and 50 EMA is at 130.82

Steel Dynamics (STLD) moving average of 100 SMA is at 126.53 and 100 EMA is at 129.45

Steel Dynamics (STLD) moving average of 200 SMA is at 129.87 and 200 EMA is at 126.62

Olympic Steel has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Olympic Steel, about 1.2% more returns!

Construction Partners has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Construction Partners, about 19.75% more returns!

Arcadia Biosciences has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Arcadia Biosciences, about 126.97% more returns!

Royal Gold has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Royal Gold, about 11.84% more returns!

Optical Cable has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Optical Cable, about 60.07% more returns!

Matrix Service has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Matrix Service, about 13.06% more returns!

Limbach Holdings has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Limbach Holdings, about 12.05% more returns!

Legacy Housing has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Legacy Housing, about 12.64% more returns!

L B has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in L B, about 16.03% more returns!

Steel Dynamics has performed better than Evogene in short term. Holding Steel Dynamics could be a better choice for now!

Cavco Industries has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Cavco Industries, about 12.68% more returns!

Concrete Pumping has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Concrete Pumping, about 37.01% more returns!

Steel Dynamics has performed better than Asia Pacific in short term. Holding Steel Dynamics could be a better choice for now!

American Woodmark has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in American Woodmark, about 0.65% more returns!

Steel Dynamics has performed better than Aemetis Inc in short term. Holding Steel Dynamics could be a better choice for now!

Steel Dynamics Technical analysis of indicators

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.

ADX buy sell signal for Steel Dynamics stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Steel Dynamics in short term and the sell signal is strong.

Steel Dynamics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Steel Dynamics in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 121.17 and Steel Dynamics STLD stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Tomorrow's Predictions

You should also read Tomorrow's Movement Predictions for NASDAQ stock STLD Steel Dynamics These predictions are based on various factors, are easy to understand, and upto 75% accurate!

And STLD Experts View which covers a lot of information including buying and selling signals

STLD future forecast & share price targets

You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Steel Dynamics or View Candle Stick Charts here