US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

1 weekBullish65%
Weekly Upside probability 65%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 StateBearish
Momentum soft

RSI 54.2, MACD -3.362

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $22.45 (9.38%)

Weekly

EMA Structure

Bullish
EMA 8$243.27Bearish
EMA 21$233.43Bullish
EMA 50$205.37Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.2 · MACD -3.362

Neutral zone

Strength
Bearish
Volatility
ATR $22.45 · BB 30.29%

High volatility

Strength
Bearish
Volume
MFI 51.8 · OBV 5.80%

Relative to 20-period average volume

Strength
Range
Price Levels
$162.16 - $288.74

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+30.01% · 3.2 ATR above latest close

$311.19
Nearest resistance

+20.62% · 2.2 ATR above · 34-bar high

$288.74
Current price

Price shown is delayed

$239.37
Nearest support

-32.26% · 3.4 ATR below · 34-bar low

$162.16
Deeper support zone

-41.64% · 4.4 ATR below latest close

$139.71
ATR zone

Latest close ± ATR14

$216.92 - $261.82

Indicators

Trend

Dow Theory Structure

Confirmation $216.36, invalidation $273.36

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

Trend strength is active

36.1 / 26.8 / 25.5Bullish
Supertrend (10,3)

Price is above Supertrend

$175.15Bullish
Ichimoku Cloud

Cloud Span A / Span B

$235.16 / $207.81Bullish
Donchian Channel (20)

20-period breakout channel position

50%Range

Volatility

ATR (14)

High volatility

$22.45 (9.38%)Bearish
Bollinger Bands (20,2)

Width 30.29%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$274.27 / $194.69Bearish
ATR channel lower / upper

Current Volatility Envelope

$216.92 / $261.82Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.74Range
Support

Nearest Downside Decision Level

$162.16Range

Momentum

RSI (14)

Neutral zone

54.2Range
MACD (12,26,9)

Histogram is negative

-3.362Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.8 / 34.4Bearish
Williams %R (14)

Neutral zone

-68.2Range
CCI (20)

Balanced zone

-22.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.8Range
OBV slope

20-period OBV slope

5.80%Bullish
Volume ratio

Relative to 20-period average volume

0.64xBearish

Trend

Dow Theory Structure

Confirmation $216.36, invalidation $273.36

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

Trend strength is active

36.1 / 26.8 / 25.5Bullish
Supertrend (10,3)

Price is above Supertrend

$175.15Bullish
Ichimoku Cloud

Cloud Span A / Span B

$235.16 / $207.81Bullish
Donchian Channel (20)

20-period breakout channel position

50%Range

Momentum

RSI (14)

Neutral zone

54.2Range
MACD (12,26,9)

Histogram is negative

-3.362Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.8 / 34.4Bearish
Williams %R (14)

Neutral zone

-68.2Range
CCI (20)

Balanced zone

-22.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$22.45 (9.38%)Bearish
Bollinger Bands (20,2)

Width 30.29%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$274.27 / $194.69Bearish
ATR channel lower / upper

Current Volatility Envelope

$216.92 / $261.82Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.8Range
OBV slope

20-period OBV slope

5.80%Bullish
Volume ratio

Relative to 20-period average volume

0.64xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.74Range
Support

Nearest Downside Decision Level

$162.16Range

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