US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 hourBullish57%
1h Upside probability 57%Bullish

STLD 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $229.63 and reclaim $238.65.

Invalidation Trigger

Lose $229.63 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 53.5, MACD -0.070

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.68 (0.71%)

1h

EMA Structure

Bullish
EMA 8$235.12Bullish
EMA 21$234.69Bullish
EMA 50$233.27Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.5 · MACD -0.070

Neutral zone

Strength
Bullish
Volatility
ATR $1.68 · BB 2.40%

Low volatility

Strength
Bullish
Volume
MFI 55.2 · OBV -1.93%

Relative to 20-period average volume

Strength
Range
Price Levels
$229.63 - $238.65

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.05% · 2.9 ATR above latest close

$240.33
Nearest resistance

+1.33% · 1.9 ATR above · 34-bar high

$238.65
Current price

Price shown is delayed

$235.51
Nearest support

-2.5% · 3.5 ATR below · 34-bar low

$229.63
Deeper support zone

-3.21% · 4.5 ATR below latest close

$227.95
ATR zone

Latest close ± ATR14

$233.83 - $237.19

Indicators

Trend

Dow Theory Structure

Confirmation $229.63, invalidation $235.71

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

Trend strength is active

26.3 / 9.5 / 32.8Bearish
Supertrend (10,3)

Price is above Supertrend

$230.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$233.34 / $230.62Bullish
Donchian Channel (20)

20-period breakout channel position

72%Range

Volatility

ATR (14)

Low volatility

$1.68 (0.71%)Bullish
Bollinger Bands (20,2)

Width 2.40%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$238.32 / $231.15Bullish
ATR channel lower / upper

Current Volatility Envelope

$233.83 / $237.19Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.65Range
Support

Nearest Downside Decision Level

$229.63Range

Momentum

RSI (14)

Neutral zone

53.5Range
MACD (12,26,9)

Histogram is negative

-0.070Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

73.3 / 72.3Bullish
Williams %R (14)

Neutral zone

-26.7Range
CCI (20)

Balanced zone

28.8Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

55.2Bullish
OBV slope

20-period OBV slope

-1.93%Bearish
Volume ratio

Relative to 20-period average volume

2.45xBullish

Trend

Dow Theory Structure

Confirmation $229.63, invalidation $235.71

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

Trend strength is active

26.3 / 9.5 / 32.8Bearish
Supertrend (10,3)

Price is above Supertrend

$230.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$233.34 / $230.62Bullish
Donchian Channel (20)

20-period breakout channel position

72%Range

Momentum

RSI (14)

Neutral zone

53.5Range
MACD (12,26,9)

Histogram is negative

-0.070Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

73.3 / 72.3Bullish
Williams %R (14)

Neutral zone

-26.7Range
CCI (20)

Balanced zone

28.8Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

Low volatility

$1.68 (0.71%)Bullish
Bollinger Bands (20,2)

Width 2.40%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$238.32 / $231.15Bullish
ATR channel lower / upper

Current Volatility Envelope

$233.83 / $237.19Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

55.2Bullish
OBV slope

20-period OBV slope

-1.93%Bearish
Volume ratio

Relative to 20-period average volume

2.45xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.65Range
Support

Nearest Downside Decision Level

$229.63Range

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