US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 dayBearish92%
Daily Downside probability 92%Bearish

STLD 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $242.56 and stabilize above resistance $273.36.

Invalidation Trigger

Break above $273.36 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 44.3, MACD -2.052

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $9.58 (4.06%)

Daily

EMA Structure

Bearish
EMA 8$236.9Bearish
EMA 21$242.56Bearish
EMA 50$243.19Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.3 · MACD -2.052

Momentum is weak

Strength
Bearish
Volatility
ATR $9.58 · BB 23.47%

Medium volatility

Strength
Range
Volume
MFI 31.6 · OBV -2.42%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$218.02 - $273.36

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+19.97% · 4.9 ATR above latest close

$282.94
Nearest resistance

+15.91% · 3.9 ATR above · 34-bar high

$273.36
Current price

Price shown is delayed

$235.84
Nearest support

-7.56% · 1.9 ATR below · 34-bar low

$218.02
Deeper support zone

-11.62% · 2.9 ATR below latest close

$208.44
ATR zone

Latest close ± ATR14

$226.26 - $245.42

Indicators

Trend

Dow Theory Structure

Confirmation $218.02, invalidation $241.99

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

28.8 / 22.1 / 38.5Bearish
Supertrend (10,3)

Price is above Supertrend

$201.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$241.65 / $247.67Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Volatility

ATR (14)

Medium volatility

$9.58 (4.06%)Range
Bollinger Bands (20,2)

Width 23.47%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$263.88 / $220.78Range
ATR channel lower / upper

Current Volatility Envelope

$226.26 / $245.42Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$273.36Range
Support

Nearest Downside Decision Level

$218.02Range

Momentum

RSI (14)

Momentum is weak

44.3Bearish
MACD (12,26,9)

Histogram is negative

-2.052Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.6 / 33.7Bearish
Williams %R (14)

Neutral zone

-66.4Range
CCI (20)

Balanced zone

-70.7Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

31.6Bearish
OBV slope

20-period OBV slope

-2.42%Bearish
Volume ratio

Relative to 20-period average volume

0.81xBearish

Trend

Dow Theory Structure

Confirmation $218.02, invalidation $241.99

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

28.8 / 22.1 / 38.5Bearish
Supertrend (10,3)

Price is above Supertrend

$201.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$241.65 / $247.67Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Momentum

RSI (14)

Momentum is weak

44.3Bearish
MACD (12,26,9)

Histogram is negative

-2.052Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.6 / 33.7Bearish
Williams %R (14)

Neutral zone

-66.4Range
CCI (20)

Balanced zone

-70.7Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Medium volatility

$9.58 (4.06%)Range
Bollinger Bands (20,2)

Width 23.47%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$263.88 / $220.78Range
ATR channel lower / upper

Current Volatility Envelope

$226.26 / $245.42Range

Volume / Money Flow

MFI (14)

Money flow is weak

31.6Bearish
OBV slope

20-period OBV slope

-2.42%Bearish
Volume ratio

Relative to 20-period average volume

0.81xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$273.36Range
Support

Nearest Downside Decision Level

$218.02Range

Related Forecasts