US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

4 hoursBullish73%
4h Upside probability 73%Bullish

STLD 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $218.02 and reclaim $258.38.

Invalidation Trigger

Lose $218.02 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 54.2, MACD 1.745

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.36 (0.99%)

4h

EMA Structure

Range
EMA 8$235.72Bullish
EMA 21$235.49Bullish
EMA 50$240.95Bearish

Signals

CategoryReadStrength
Momentum
RSI 54.2 · MACD 1.745

Neutral zone

Strength
Bullish
Volatility
ATR $2.36 · BB 8.22%

Low volatility

Strength
Bullish
Volume
MFI 51.1 · OBV 1.93%

Relative to 20-period average volume

Strength
Range
Price Levels
$218.02 - $258.38

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+8.93% · 9.1 ATR above latest close

$260.74
Nearest resistance

+7.94% · 8.1 ATR above · 34-bar high

$258.38
Current price

Price shown is delayed

$239.37
Nearest support

-8.92% · 9.0 ATR below · 34-bar low

$218.02
Deeper support zone

-9.91% · 10.0 ATR below latest close

$215.66
ATR zone

Latest close ± ATR14

$237.01 - $241.73

Indicators

Trend

Dow Theory Structure

Confirmation $236.8, invalidation $232.65

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

Trend strength is active

38.7 / 38.9 / 29.7Bullish
Supertrend (10,3)

Price is above Supertrend

$231.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$235.2 / $244.51Bearish
Donchian Channel (20)

20-period breakout channel position

89%Range

Volatility

ATR (14)

Low volatility

$2.36 (0.99%)Bullish
Bollinger Bands (20,2)

Width 8.22%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$239.78 / $230.88Bullish
ATR channel lower / upper

Current Volatility Envelope

$237.01 / $241.73Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$258.38Range
Support

Nearest Downside Decision Level

$218.02Range

Momentum

RSI (14)

Neutral zone

54.2Range
MACD (12,26,9)

Histogram is positive

1.745Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

100.0 / 70.5Bullish
Williams %R (14)

Overbought zone

0.0Bearish
CCI (20)

Strong expansion

107.1Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.1Range
OBV slope

20-period OBV slope

1.93%Bullish
Volume ratio

Relative to 20-period average volume

0.21xBearish

Trend

Dow Theory Structure

Confirmation $236.8, invalidation $232.65

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

Trend strength is active

38.7 / 38.9 / 29.7Bullish
Supertrend (10,3)

Price is above Supertrend

$231.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$235.2 / $244.51Bearish
Donchian Channel (20)

20-period breakout channel position

89%Range

Momentum

RSI (14)

Neutral zone

54.2Range
MACD (12,26,9)

Histogram is positive

1.745Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

100.0 / 70.5Bullish
Williams %R (14)

Overbought zone

0.0Bearish
CCI (20)

Strong expansion

107.1Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$2.36 (0.99%)Bullish
Bollinger Bands (20,2)

Width 8.22%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$239.78 / $230.88Bullish
ATR channel lower / upper

Current Volatility Envelope

$237.01 / $241.73Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.1Range
OBV slope

20-period OBV slope

1.93%Bullish
Volume ratio

Relative to 20-period average volume

0.21xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$258.38Range
Support

Nearest Downside Decision Level

$218.02Range

Related Forecasts