US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

4 hoursBullish75%
4h Upside probability 75%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 $219.19 and reclaim $238.65.

Invalidation Trigger

Lose $219.19 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 56.2, MACD 0.344

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.61 (1.11%)

4h

EMA Structure

Range
EMA 8$234.94Bullish
EMA 21$233.06Bullish
EMA 50$234.52Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.2 · MACD 0.344

Momentum is strong

Strength
Bullish
Volatility
ATR $2.61 · BB 6.68%

Low volatility

Strength
Bullish
Volume
MFI 54.0 · OBV -2.08%

Relative to 20-period average volume

Strength
Range
Price Levels
$219.19 - $238.65

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.44% · 2.2 ATR above latest close

$241.26
Nearest resistance

+1.33% · 1.2 ATR above · 34-bar high

$238.65
Current price

Price shown is delayed

$235.51
Nearest support

-6.93% · 6.3 ATR below · 34-bar low

$219.19
Deeper support zone

-8.04% · 7.3 ATR below latest close

$216.58
ATR zone

Latest close ± ATR14

$232.9 - $238.12

Indicators

Trend

Dow Theory Structure

Confirmation $237.78, invalidation $229.63

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

Trend strength is active

33.0 / 22.3 / 29.4Bearish
Supertrend (10,3)

Price is above Supertrend

$227.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$232.03 / $234.94Bullish
Donchian Channel (20)

20-period breakout channel position

81%Bullish

Volatility

ATR (14)

Low volatility

$2.61 (1.11%)Bullish
Bollinger Bands (20,2)

Width 6.68%

68%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$238.4 / $227.91Bullish
ATR channel lower / upper

Current Volatility Envelope

$232.9 / $238.12Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.65Range
Support

Nearest Downside Decision Level

$219.19Range

Momentum

RSI (14)

Momentum is strong

56.2Bullish
MACD (12,26,9)

Histogram is positive

0.344Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.2 / 62.2Bullish
Williams %R (14)

Neutral zone

-34.8Range
CCI (20)

Balanced zone

64.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.0Range
OBV slope

20-period OBV slope

-2.08%Bearish
Volume ratio

Relative to 20-period average volume

1.03xRange

Trend

Dow Theory Structure

Confirmation $237.78, invalidation $229.63

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

Trend strength is active

33.0 / 22.3 / 29.4Bearish
Supertrend (10,3)

Price is above Supertrend

$227.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$232.03 / $234.94Bullish
Donchian Channel (20)

20-period breakout channel position

81%Bullish

Momentum

RSI (14)

Momentum is strong

56.2Bullish
MACD (12,26,9)

Histogram is positive

0.344Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.2 / 62.2Bullish
Williams %R (14)

Neutral zone

-34.8Range
CCI (20)

Balanced zone

64.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$2.61 (1.11%)Bullish
Bollinger Bands (20,2)

Width 6.68%

68%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$238.4 / $227.91Bullish
ATR channel lower / upper

Current Volatility Envelope

$232.9 / $238.12Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.0Range
OBV slope

20-period OBV slope

-2.08%Bearish
Volume ratio

Relative to 20-period average volume

1.03xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.65Range
Support

Nearest Downside Decision Level

$219.19Range

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