US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

4 hoursBullish73%
4h Upside probability 73%Bullish

STLD 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $244.24 and reclaim $273.36.

Invalidation Trigger

Lose $244.24 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 58.4, MACD -0.872

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.58 (1.37%)

4h

EMA Structure

Bullish
EMA 8$262.26Bearish
EMA 21$259.9Bullish
EMA 50$252.97Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.4 · MACD -0.872

Momentum is strong

Strength
Range
Volatility
ATR $3.58 · BB 8.37%

Low volatility

Strength
Bullish
Volume
MFI 64.2 · OBV 1.61%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$244.24 - $273.36

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+5.82% · 4.3 ATR above latest close

$276.94
Nearest resistance

+4.45% · 3.3 ATR above · 34-bar high

$273.36
Current price

Price shown is delayed

$261.72
Nearest support

-6.68% · 4.9 ATR below · 34-bar low

$244.24
Deeper support zone

-8.05% · 5.9 ATR below latest close

$240.66
ATR zone

Latest close ± ATR14

$258.14 - $265.3

Indicators

Trend

Dow Theory Structure

Confirmation $273.36, invalidation $255.8

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

Trend strength is moderate

19.6 / 34.1 / 21.8Bullish
Supertrend (10,3)

Price is above Supertrend

$252.74Bullish
Ichimoku Cloud

Cloud Span A / Span B

$262.08 / $249.18Bearish
Donchian Channel (20)

20-period breakout channel position

58%Range

Volatility

ATR (14)

Low volatility

$3.58 (1.37%)Bullish
Bollinger Bands (20,2)

Width 8.37%

56%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$266.39 / $253.93Bullish
ATR channel lower / upper

Current Volatility Envelope

$258.14 / $265.3Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$273.36Range
Support

Nearest Downside Decision Level

$244.24Range

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is negative

-0.872Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.7 / 43.2Bearish
Williams %R (14)

Neutral zone

-66.3Range
CCI (20)

Balanced zone

23.9Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

64.2Bullish
OBV slope

20-period OBV slope

1.61%Bullish
Volume ratio

Relative to 20-period average volume

1.08xRange

Trend

Dow Theory Structure

Confirmation $273.36, invalidation $255.8

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

Trend strength is moderate

19.6 / 34.1 / 21.8Bullish
Supertrend (10,3)

Price is above Supertrend

$252.74Bullish
Ichimoku Cloud

Cloud Span A / Span B

$262.08 / $249.18Bearish
Donchian Channel (20)

20-period breakout channel position

58%Range

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is negative

-0.872Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.7 / 43.2Bearish
Williams %R (14)

Neutral zone

-66.3Range
CCI (20)

Balanced zone

23.9Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$3.58 (1.37%)Bullish
Bollinger Bands (20,2)

Width 8.37%

56%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$266.39 / $253.93Bullish
ATR channel lower / upper

Current Volatility Envelope

$258.14 / $265.3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

64.2Bullish
OBV slope

20-period OBV slope

1.61%Bullish
Volume ratio

Relative to 20-period average volume

1.08xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$273.36Range
Support

Nearest Downside Decision Level

$244.24Range

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