US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 weekBullish73%
Weekly Upside probability 73%Bullish

STLD 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $162.16 and reclaim $288.74.

Invalidation Trigger

Lose $162.16 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 56.3, MACD -2.369

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $16.8 (6.88%)

Weekly

EMA Structure

Bullish
EMA 8$240.12Bullish
EMA 21$236.46Bullish
EMA 50$215.33Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.3 · MACD -2.369

Momentum is strong

Strength
Bullish
Volatility
ATR $16.8 · BB 16.25%

High volatility

Strength
Bearish
Volume
MFI 44.6 · OBV 0.64%

Relative to 20-period average volume

Strength
Range
Price Levels
$162.16 - $288.74

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+25.07% · 3.6 ATR above latest close

$305.54
Nearest resistance

+18.2% · 2.6 ATR above · 34-bar high

$288.74
Current price

Price shown is delayed

$244.29
Nearest support

-33.62% · 4.9 ATR below · 34-bar low

$162.16
Deeper support zone

-40.5% · 5.9 ATR below latest close

$145.36
ATR zone

Latest close ± ATR14

$227.49 - $261.09

Indicators

Trend

Dow Theory Structure

Confirmation $273.36, invalidation $219.1

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

14.2 / 21.8 / 24.0Bearish
Supertrend (10,3)

Price is above Supertrend

$202.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$244.02 / $219.39Bullish
Donchian Channel (20)

20-period breakout channel position

39%Range

Volatility

ATR (14)

High volatility

$16.8 (6.88%)Bearish
Bollinger Bands (20,2)

Width 16.25%

60%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$263.78 / $210.22Bearish
ATR channel lower / upper

Current Volatility Envelope

$227.49 / $261.09Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.74Range
Support

Nearest Downside Decision Level

$162.16Range

Momentum

RSI (14)

Momentum is strong

56.3Bullish
MACD (12,26,9)

Histogram is negative

-2.369Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

47.5 / 43.5Bullish
Williams %R (14)

Neutral zone

-52.5Range
CCI (20)

Balanced zone

15.3Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

44.6Bearish
OBV slope

20-period OBV slope

0.64%Bullish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Trend

Dow Theory Structure

Confirmation $273.36, invalidation $219.1

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

14.2 / 21.8 / 24.0Bearish
Supertrend (10,3)

Price is above Supertrend

$202.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$244.02 / $219.39Bullish
Donchian Channel (20)

20-period breakout channel position

39%Range

Momentum

RSI (14)

Momentum is strong

56.3Bullish
MACD (12,26,9)

Histogram is negative

-2.369Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

47.5 / 43.5Bullish
Williams %R (14)

Neutral zone

-52.5Range
CCI (20)

Balanced zone

15.3Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$16.8 (6.88%)Bearish
Bollinger Bands (20,2)

Width 16.25%

60%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$263.78 / $210.22Bearish
ATR channel lower / upper

Current Volatility Envelope

$227.49 / $261.09Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

44.6Bearish
OBV slope

20-period OBV slope

0.64%Bullish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.74Range
Support

Nearest Downside Decision Level

$162.16Range

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