US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

4 hoursBullish92%
4h Upside probability 92%Bullish

STLD 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $232.6 and reclaim $248.26.

Invalidation Trigger

Lose $232.6 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 56.9, MACD 0.542

4h
Volatility EnvironmentRange
Low volatility

ATR is $4.78 (1.95%)

4h

EMA Structure

Range
EMA 8$240.23Bullish
EMA 21$239.46Bullish
EMA 50$239.75Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.9 · MACD 0.542

Momentum is strong

Strength
Bullish
Volatility
ATR $4.78 · BB 5.34%

Low volatility

Strength
Range
Volume
MFI 54.1 · OBV 2.56%

Relative to 20-period average volume

Strength
Range
Price Levels
$232.6 - $248.26

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.48% · 1.8 ATR above latest close

$253.04
Nearest resistance

+1.52% · 0.8 ATR above · 34-bar high

$248.26
Current price

Price shown is delayed

$244.55
Nearest support

-4.88% · 2.5 ATR below · 34-bar low

$232.6
Deeper support zone

-6.84% · 3.5 ATR below latest close

$227.82
ATR zone

Latest close ± ATR14

$239.77 - $249.32

Indicators

Trend

Dow Theory Structure

Confirmation $243.44, invalidation $235.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

28.1 / 45.3 / 21.2Bullish
Supertrend (10,3)

Price is above Supertrend

$230.54Bullish
Ichimoku Cloud

Cloud Span A / Span B

$239.44 / $239.46Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Volatility

ATR (14)

Low volatility

$4.78 (1.95%)Range
Bollinger Bands (20,2)

Width 5.34%

96%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$248.28 / $230.67Range
ATR channel lower / upper

Current Volatility Envelope

$239.77 / $249.32Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$248.26Range
Support

Nearest Downside Decision Level

$232.6Range

Momentum

RSI (14)

Momentum is strong

56.9Bullish
MACD (12,26,9)

Histogram is positive

0.542Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

90.1 / 65.3Bullish
Williams %R (14)

Overbought zone

-9.9Bearish
CCI (20)

Strong expansion

185.9Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.1Range
OBV slope

20-period OBV slope

2.56%Bullish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Trend

Dow Theory Structure

Confirmation $243.44, invalidation $235.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

28.1 / 45.3 / 21.2Bullish
Supertrend (10,3)

Price is above Supertrend

$230.54Bullish
Ichimoku Cloud

Cloud Span A / Span B

$239.44 / $239.46Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Momentum

RSI (14)

Momentum is strong

56.9Bullish
MACD (12,26,9)

Histogram is positive

0.542Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

90.1 / 65.3Bullish
Williams %R (14)

Overbought zone

-9.9Bearish
CCI (20)

Strong expansion

185.9Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$4.78 (1.95%)Range
Bollinger Bands (20,2)

Width 5.34%

96%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$248.28 / $230.67Range
ATR channel lower / upper

Current Volatility Envelope

$239.77 / $249.32Range

Volume / Money Flow

MFI (14)

Money flow is neutral

54.1Range
OBV slope

20-period OBV slope

2.56%Bullish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$248.26Range
Support

Nearest Downside Decision Level

$232.6Range

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