US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 hourBearish87%
1h Downside probability 87%Bearish

STLD 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $236.4 and stabilize above resistance $245.19.

Invalidation Trigger

Break above $245.19 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 46.7, MACD -0.881

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.45 (0.62%)

1h

EMA Structure

Range
EMA 8$235.82Bearish
EMA 21$236.4Bearish
EMA 50$234.43Bullish

Signals

CategoryReadStrength
Momentum
RSI 46.7 · MACD -0.881

Neutral zone

Strength
Bearish
Volatility
ATR $1.45 · BB 5.33%

Low volatility

Strength
Bullish
Volume
MFI 18.2 · OBV -6.53%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$226.17 - $245.19

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.95% · 8.0 ATR above latest close

$246.64
Nearest resistance

+4.33% · 7.0 ATR above · 34-bar high

$245.19
Current price

Price shown is delayed

$235
Nearest support

-3.76% · 6.1 ATR below · 34-bar low

$226.17
Deeper support zone

-4.37% · 7.1 ATR below latest close

$224.72
ATR zone

Latest close ± ATR14

$233.55 - $236.45

Indicators

Trend

Dow Theory Structure

Confirmation $233.78, invalidation $237.02

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

Trend strength is active

33.2 / 19.9 / 32.9Bearish
Supertrend (10,3)

Price is above Supertrend

$230.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$237.3 / $232.37Bearish
Donchian Channel (20)

20-period breakout channel position

11%Range

Volatility

ATR (14)

Low volatility

$1.45 (0.62%)Bullish
Bollinger Bands (20,2)

Width 5.33%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$239.52 / $233.36Bullish
ATR channel lower / upper

Current Volatility Envelope

$233.55 / $236.45Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$245.19Range
Support

Nearest Downside Decision Level

$226.17Range

Momentum

RSI (14)

Neutral zone

46.7Range
MACD (12,26,9)

Histogram is negative

-0.881Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.4 / 22.1Bearish
Williams %R (14)

Oversold zone

-81.6Bullish
CCI (20)

Balanced zone

-91.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

18.2Bearish
OBV slope

20-period OBV slope

-6.53%Bearish
Volume ratio

Relative to 20-period average volume

0.38xBearish

Trend

Dow Theory Structure

Confirmation $233.78, invalidation $237.02

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

Trend strength is active

33.2 / 19.9 / 32.9Bearish
Supertrend (10,3)

Price is above Supertrend

$230.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$237.3 / $232.37Bearish
Donchian Channel (20)

20-period breakout channel position

11%Range

Momentum

RSI (14)

Neutral zone

46.7Range
MACD (12,26,9)

Histogram is negative

-0.881Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.4 / 22.1Bearish
Williams %R (14)

Oversold zone

-81.6Bullish
CCI (20)

Balanced zone

-91.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$1.45 (0.62%)Bullish
Bollinger Bands (20,2)

Width 5.33%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$239.52 / $233.36Bullish
ATR channel lower / upper

Current Volatility Envelope

$233.55 / $236.45Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

18.2Bearish
OBV slope

20-period OBV slope

-6.53%Bearish
Volume ratio

Relative to 20-period average volume

0.38xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$245.19Range
Support

Nearest Downside Decision Level

$226.17Range

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