Steel Dynamics (STLD) Technical (Analysis) Reports Steel Dynamics ["Technical Analysis"] Reports -USA Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Steel Dynamics (STLD)
Technical Analysis Report for USA stock STLD Steel Dynamics. Dated: 26 Jul 2024 Updated Daily. Stock trades under Basic Industries Deals in Steel Iron Ore in USA stock exchange
If you are looking for Tomorrow's Movement Predictions for USA 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 128.18 and Closed at: 130.54, which is 2.25% of previous session's close. It moved within a range of 127.80 and 131.82
The session was a Bullish session with an average volume of 1064700, which is -49.73% of previous session's volumes.
- Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
- The stock has shown an up move, and its long term trend is also positive and in an uptrend.
A Golden cross was found 5 days back on mid term averages
Support for tomorrow is 129.17 and resistance for tomorrow is 133.19
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 128.29, 126.03 resistance for tomorrow's hourly charts is 132.31, 134.07
10 Day SMA for Steel Dynamics (STLD) is 128.81 and stock is trading above these levels. This is a good sign for its short term trend
20 Day SMA for Steel Dynamics (STLD) is 127.95 and the stock is trading above these levels. This is a good sign for its mid term trend
50 Day SMA for Steel Dynamics (STLD) is 128.07 and the stock is trading above these levels. This is a good sign for its mid to long term trend
100 Day SMA is 133.17 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 124.86 and stock is trading above these levels. This is a good sign for its long term trend
20 DMA of Steel Dynamics is at 127.95 and 200 DMA is at 124.86, while 50 DMA and 100 DMA are at 128.07 and 133.17 respectively
Steel Dynamics (STLD) moving average of 20 SMA is at 127.95 and 20 EMA is at 127.89
| Date | Closing Price | 20 SMA | 20 EMA |
| 26 Fri Jul | 130.54 | 127.95 | 127.89 |
| 25 Thu Jul | 127.60 | 127.9 | 127.61 |
| 24 Wed Jul | 123.29 | 127.77 | 127.61 |
| 23 Tue Jul | 126.62 | 127.85 | 128.07 |
| 22 Mon Jul | 127.77 | 127.69 | 128.22 |
| 19 Fri Jul | 128.44 | 127.62 | 128.27 |
Steel Dynamics (STLD) moving average of 50 SMA is at 128.07 and 50 EMA is at 128.68
| Date | Closing Price | 50 SMA | 50 EMA |
| 26 Fri Jul | 130.54 | 128.07 | 128.68 |
| 25 Thu Jul | 127.60 | 128.2 | 128.6 |
| 24 Wed Jul | 123.29 | 128.35 | 128.64 |
| 23 Tue Jul | 126.62 | 128.58 | 128.86 |
| 22 Mon Jul | 127.77 | 128.75 | 128.95 |
| 19 Fri Jul | 128.44 | 128.89 | 129 |
Steel Dynamics (STLD) moving average of 100 SMA is at 133.17 and 100 EMA is at 128.82
| Date | Closing Price | 100 SMA | 100 EMA |
| 26 Fri Jul | 130.54 | 133.17 | 128.82 |
| 25 Thu Jul | 127.60 | 133.15 | 128.79 |
| 24 Wed Jul | 123.29 | 133.17 | 128.81 |
| 23 Tue Jul | 126.62 | 133.28 | 128.92 |
| 22 Mon Jul | 127.77 | 133.35 | 128.97 |
| 19 Fri Jul | 128.44 | 133.41 | 128.99 |
Steel Dynamics (STLD) moving average of 200 SMA is at 124.86 and 200 EMA is at 125.39
| Date | Closing Price | 200 SMA | 200 EMA |
| 26 Fri Jul | 130.54 | 124.86 | 125.39 |
| 25 Thu Jul | 127.60 | 124.73 | 125.34 |
| 24 Wed Jul | 123.29 | 124.62 | 125.32 |
| 23 Tue Jul | 126.62 | 124.53 | 125.34 |
| 22 Mon Jul | 127.77 | 124.45 | 125.33 |
| 19 Fri Jul | 128.44 | 124.36 | 125.31 |
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Steel Dynamics has performed better than Freeport Mcmoran in short term. Holding Steel Dynamics could be a better choice for now!
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Olympic Steel has performed better than Steel Dynamics in short term. You could have earned much better returns by investing in Olympic Steel, about 13.55% more returns!
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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 BUY. Signal strength is Weak and stock is gaining 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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
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 128.99 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.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for USA 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
Quick Charts: Renko Point & Figure Just IntraDay All Indicators Weekly Monthly All in One Eagle View MACD & ADX
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