US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

12 hoursBearish88%
12h Downside probability 88%Bearish

STLD 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $240.46 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

12h
Momentum StateBearish
Momentum soft

RSI 47.9, MACD -0.078

12h
Volatility EnvironmentRange
Medium volatility

ATR is $7.61 (3.18%)

12h

EMA Structure

Bearish
EMA 8$235.9Bullish
EMA 21$240.46Bearish
EMA 50$243.64Bearish

Signals

CategoryReadStrength
Momentum
RSI 47.9 · MACD -0.078

Neutral zone

Strength
Bearish
Volatility
ATR $7.61 · BB 24.60%

Medium volatility

Strength
Range
Volume
MFI 34.5 · OBV -24.18%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$218.02 - $273.36

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+17.38% · 5.5 ATR above latest close

$280.97
Nearest resistance

+14.2% · 4.5 ATR above · 34-bar high

$273.36
Current price

Price shown is delayed

$239.37
Nearest support

-8.92% · 2.8 ATR below · 34-bar low

$218.02
Deeper support zone

-12.1% · 3.8 ATR below latest close

$210.41
ATR zone

Latest close ± ATR14

$231.76 - $246.98

Indicators

Trend

Dow Theory Structure

Confirmation $218.02, invalidation $241.99

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

Trend strength is active

47.6 / 27.6 / 47.5Bearish
Supertrend (10,3)

Price is above Supertrend

$220.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$239.22 / $245.69Bearish
Donchian Channel (20)

20-period breakout channel position

40%Range

Volatility

ATR (14)

Medium volatility

$7.61 (3.18%)Range
Bollinger Bands (20,2)

Width 24.60%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$251.88 / $228.44Range
ATR channel lower / upper

Current Volatility Envelope

$231.76 / $246.98Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$273.36Range
Support

Nearest Downside Decision Level

$218.02Range

Momentum

RSI (14)

Neutral zone

47.9Range
MACD (12,26,9)

Histogram is negative

-0.078Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

53.2 / 46.5Bullish
Williams %R (14)

Neutral zone

-46.8Range
CCI (20)

Balanced zone

-23.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

34.5Bearish
OBV slope

20-period OBV slope

-24.18%Bearish
Volume ratio

Relative to 20-period average volume

0.09xBearish

Trend

Dow Theory Structure

Confirmation $218.02, invalidation $241.99

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

Trend strength is active

47.6 / 27.6 / 47.5Bearish
Supertrend (10,3)

Price is above Supertrend

$220.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$239.22 / $245.69Bearish
Donchian Channel (20)

20-period breakout channel position

40%Range

Momentum

RSI (14)

Neutral zone

47.9Range
MACD (12,26,9)

Histogram is negative

-0.078Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

53.2 / 46.5Bullish
Williams %R (14)

Neutral zone

-46.8Range
CCI (20)

Balanced zone

-23.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Medium volatility

$7.61 (3.18%)Range
Bollinger Bands (20,2)

Width 24.60%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$251.88 / $228.44Range
ATR channel lower / upper

Current Volatility Envelope

$231.76 / $246.98Range

Volume / Money Flow

MFI (14)

Money flow is weak

34.5Bearish
OBV slope

20-period OBV slope

-24.18%Bearish
Volume ratio

Relative to 20-period average volume

0.09xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$273.36Range
Support

Nearest Downside Decision Level

$218.02Range

Related Forecasts