US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

STLD 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $254.23 and stabilize above resistance $288.03.

Invalidation Trigger

Break above $288.03 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 36.0, MACD -1.749

4h
Volatility EnvironmentRange
Medium volatility

ATR is $5.72 (2.35%)

4h

EMA Structure

Bearish
EMA 8$246.93Bearish
EMA 21$254.23Bearish
EMA 50$254.3Bearish

Signals

CategoryReadStrength
Momentum
RSI 36.0 · MACD -1.749

Momentum is weak

Strength
Bearish
Volatility
ATR $5.72 · BB 22.72%

Medium volatility

Strength
Range
Volume
MFI 6.5 · OBV -70.44%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$239.75 - $288.03

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+20.83% · 8.8 ATR above latest close

$293.75
Nearest resistance

+18.48% · 7.8 ATR above · 34-bar high

$288.03
Current price

Price shown is delayed

$243.11
Nearest support

-1.38% · 0.6 ATR below · 34-bar low

$239.75
Deeper support zone

-3.74% · 1.6 ATR below latest close

$234.03
ATR zone

Latest close ± ATR14

$237.39 - $248.83

Indicators

Trend

Dow Theory Structure

Confirmation $239.75, invalidation $250.41

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

Trend strength is active

47.5 / 9.7 / 54.2Bearish
Supertrend (10,3)

Price is above Supertrend

$231.77Bullish
Ichimoku Cloud

Cloud Span A / Span B

$254.8 / $255.02Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Volatility

ATR (14)

Medium volatility

$5.72 (2.35%)Range
Bollinger Bands (20,2)

Width 22.72%

24%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$261.73 / $246.02Range
ATR channel lower / upper

Current Volatility Envelope

$237.39 / $248.83Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.03Range
Support

Nearest Downside Decision Level

$239.75Range

Momentum

RSI (14)

Momentum is weak

36.0Bearish
MACD (12,26,9)

Histogram is negative

-1.749Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.2 / 15.8Bearish
Williams %R (14)

Oversold zone

-90.8Bullish
CCI (20)

Balanced zone

-74.0Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

6.5Bearish
OBV slope

20-period OBV slope

-70.44%Bearish
Volume ratio

Relative to 20-period average volume

0.35xBearish

Trend

Dow Theory Structure

Confirmation $239.75, invalidation $250.41

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

Trend strength is active

47.5 / 9.7 / 54.2Bearish
Supertrend (10,3)

Price is above Supertrend

$231.77Bullish
Ichimoku Cloud

Cloud Span A / Span B

$254.8 / $255.02Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Momentum

RSI (14)

Momentum is weak

36.0Bearish
MACD (12,26,9)

Histogram is negative

-1.749Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.2 / 15.8Bearish
Williams %R (14)

Oversold zone

-90.8Bullish
CCI (20)

Balanced zone

-74.0Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

Medium volatility

$5.72 (2.35%)Range
Bollinger Bands (20,2)

Width 22.72%

24%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$261.73 / $246.02Range
ATR channel lower / upper

Current Volatility Envelope

$237.39 / $248.83Range

Volume / Money Flow

MFI (14)

Money flow is weak

6.5Bearish
OBV slope

20-period OBV slope

-70.44%Bearish
Volume ratio

Relative to 20-period average volume

0.35xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$288.03Range
Support

Nearest Downside Decision Level

$239.75Range

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