US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 hourBearish70%
1h Downside probability 70%Bearish

STLD 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $245.89 and stabilize above resistance $252.41.

Invalidation Trigger

Break above $252.41 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 39.9, MACD 0.179

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.17 (0.89%)

1h

EMA Structure

Bearish
EMA 8$244.49Bearish
EMA 21$245.89Bearish
EMA 50$251.28Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.9 · MACD 0.179

Momentum is weak

Strength
Bearish
Volatility
ATR $2.17 · BB 4.60%

Low volatility

Strength
Bullish
Volume
MFI 71.2 · OBV 1.62%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$239.75 - $252.41

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.72% · 5.3 ATR above latest close

$254.58
Nearest resistance

+3.83% · 4.3 ATR above · 34-bar high

$252.41
Current price

Price shown is delayed

$243.11
Nearest support

-1.38% · 1.5 ATR below · 34-bar low

$239.75
Deeper support zone

-2.27% · 2.5 ATR below latest close

$237.58
ATR zone

Latest close ± ATR14

$240.94 - $245.28

Indicators

Trend

Dow Theory Structure

Confirmation $243.1, invalidation $250.41

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

Trend strength is moderate

12.6 / 43.9 / 35.5Bullish
Supertrend (10,3)

Price is above Supertrend

$237.37Bullish
Ichimoku Cloud

Cloud Span A / Span B

$245.58 / $258.72Bearish
Donchian Channel (20)

20-period breakout channel position

32%Bearish

Volatility

ATR (14)

Low volatility

$2.17 (0.89%)Bullish
Bollinger Bands (20,2)

Width 4.60%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$249.67 / $241.82Bullish
ATR channel lower / upper

Current Volatility Envelope

$240.94 / $245.28Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$252.41Range
Support

Nearest Downside Decision Level

$239.75Range

Momentum

RSI (14)

Momentum is weak

39.9Bearish
MACD (12,26,9)

Histogram is positive

0.179Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.9 / 28.5Bearish
Williams %R (14)

Oversold zone

-82.1Bullish
CCI (20)

Balanced zone

-45.9Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

71.2Bullish
OBV slope

20-period OBV slope

1.62%Bullish
Volume ratio

Relative to 20-period average volume

1.76xBullish

Trend

Dow Theory Structure

Confirmation $243.1, invalidation $250.41

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

Trend strength is moderate

12.6 / 43.9 / 35.5Bullish
Supertrend (10,3)

Price is above Supertrend

$237.37Bullish
Ichimoku Cloud

Cloud Span A / Span B

$245.58 / $258.72Bearish
Donchian Channel (20)

20-period breakout channel position

32%Bearish

Momentum

RSI (14)

Momentum is weak

39.9Bearish
MACD (12,26,9)

Histogram is positive

0.179Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.9 / 28.5Bearish
Williams %R (14)

Oversold zone

-82.1Bullish
CCI (20)

Balanced zone

-45.9Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$2.17 (0.89%)Bullish
Bollinger Bands (20,2)

Width 4.60%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$249.67 / $241.82Bullish
ATR channel lower / upper

Current Volatility Envelope

$240.94 / $245.28Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

71.2Bullish
OBV slope

20-period OBV slope

1.62%Bullish
Volume ratio

Relative to 20-period average volume

1.76xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$252.41Range
Support

Nearest Downside Decision Level

$239.75Range

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