US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 hourBullish92%
1h Upside probability 92%Bullish

STLD 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $233.8 and reclaim $245.12.

Invalidation Trigger

Lose $233.8 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 60.0, MACD 0.500

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.18 (0.89%)

1h

EMA Structure

Bullish
EMA 8$242.71Bullish
EMA 21$240.98Bullish
EMA 50$239.96Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.0 · MACD 0.500

Momentum is strong

Strength
Bullish
Volatility
ATR $2.18 · BB 4.55%

Low volatility

Strength
Bullish
Volume
MFI 66.0 · OBV 3.52%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$233.8 - $245.12

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1% · 1.1 ATR above latest close

$247.3
Nearest resistance

+0.11% · 0.1 ATR above · 34-bar high

$245.12
Current price

Price shown is delayed

$244.85
Nearest support

-4.51% · 5.1 ATR below · 34-bar low

$233.8
Deeper support zone

-5.4% · 6.1 ATR below latest close

$231.62
ATR zone

Latest close ± ATR14

$242.67 - $247.03

Indicators

Trend

Dow Theory Structure

Confirmation $245.12, invalidation $235.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

17.6 / 38.0 / 22.9Bullish
Supertrend (10,3)

Price is above Supertrend

$237.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$239.84 / $239.3Bullish
Donchian Channel (20)

20-period breakout channel position

97%Bullish

Volatility

ATR (14)

Low volatility

$2.18 (0.89%)Bullish
Bollinger Bands (20,2)

Width 4.55%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$245.72 / $236.4Bullish
ATR channel lower / upper

Current Volatility Envelope

$242.67 / $247.03Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$245.12Range
Support

Nearest Downside Decision Level

$233.8Range

Momentum

RSI (14)

Momentum is strong

60.0Bullish
MACD (12,26,9)

Histogram is positive

0.500Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

97.3 / 96.2Bullish
Williams %R (14)

Overbought zone

-2.7Bearish
CCI (20)

Strong expansion

122.0Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

66.0Bullish
OBV slope

20-period OBV slope

3.52%Bullish
Volume ratio

Relative to 20-period average volume

0.32xBearish

Trend

Dow Theory Structure

Confirmation $245.12, invalidation $235.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

17.6 / 38.0 / 22.9Bullish
Supertrend (10,3)

Price is above Supertrend

$237.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$239.84 / $239.3Bullish
Donchian Channel (20)

20-period breakout channel position

97%Bullish

Momentum

RSI (14)

Momentum is strong

60.0Bullish
MACD (12,26,9)

Histogram is positive

0.500Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

97.3 / 96.2Bullish
Williams %R (14)

Overbought zone

-2.7Bearish
CCI (20)

Strong expansion

122.0Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

Low volatility

$2.18 (0.89%)Bullish
Bollinger Bands (20,2)

Width 4.55%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$245.72 / $236.4Bullish
ATR channel lower / upper

Current Volatility Envelope

$242.67 / $247.03Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

66.0Bullish
OBV slope

20-period OBV slope

3.52%Bullish
Volume ratio

Relative to 20-period average volume

0.32xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$245.12Range
Support

Nearest Downside Decision Level

$233.8Range

Related Forecasts