US stock / ETF

Steel Dynamics, Inc.

STLD · NASDAQ · USD

4 hoursBullish81%
4h Upside probability 81%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 $219.56 and reclaim $245.19.

Invalidation Trigger

Lose $219.56 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 52.5, MACD 0.477

4h
Volatility EnvironmentRange
Low volatility

ATR is $3.55 (1.51%)

4h

EMA Structure

Bullish
EMA 8$236.27Bearish
EMA 21$234.02Bullish
EMA 50$233.71Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.5 · MACD 0.477

Neutral zone

Strength
Bullish
Volatility
ATR $3.55 · BB 12.98%

Low volatility

Strength
Range
Volume
MFI 50.4 · OBV -7.82%

Relative to 20-period average volume

Strength
Range
Price Levels
$219.56 - $245.19

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+5.84% · 3.9 ATR above latest close

$248.73
Nearest resistance

+4.33% · 2.9 ATR above · 34-bar high

$245.19
Current price

Price shown is delayed

$235
Nearest support

-6.57% · 4.4 ATR below · 34-bar low

$219.56
Deeper support zone

-8.08% · 5.4 ATR below latest close

$216.01
ATR zone

Latest close ± ATR14

$231.45 - $238.55

Indicators

Trend

Dow Theory Structure

Confirmation $245.19, invalidation $237.67

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

Trend strength is active

44.5 / 49.6 / 17.0Bullish
Supertrend (10,3)

Price is above Supertrend

$224.88Bullish
Ichimoku Cloud

Cloud Span A / Span B

$235.74 / $233.14Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Volatility

ATR (14)

Low volatility

$3.55 (1.51%)Range
Bollinger Bands (20,2)

Width 12.98%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$240.94 / $227.33Range
ATR channel lower / upper

Current Volatility Envelope

$231.45 / $238.55Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$245.19Range
Support

Nearest Downside Decision Level

$219.56Range

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is positive

0.477Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

53.5 / 59.7Bearish
Williams %R (14)

Neutral zone

-46.5Range
CCI (20)

Balanced zone

37.4Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.4Range
OBV slope

20-period OBV slope

-7.82%Bearish
Volume ratio

Relative to 20-period average volume

0.44xBearish

Trend

Dow Theory Structure

Confirmation $245.19, invalidation $237.67

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

Trend strength is active

44.5 / 49.6 / 17.0Bullish
Supertrend (10,3)

Price is above Supertrend

$224.88Bullish
Ichimoku Cloud

Cloud Span A / Span B

$235.74 / $233.14Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is positive

0.477Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

53.5 / 59.7Bearish
Williams %R (14)

Neutral zone

-46.5Range
CCI (20)

Balanced zone

37.4Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Low volatility

$3.55 (1.51%)Range
Bollinger Bands (20,2)

Width 12.98%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$240.94 / $227.33Range
ATR channel lower / upper

Current Volatility Envelope

$231.45 / $238.55Range

Volume / Money Flow

MFI (14)

Money flow is neutral

50.4Range
OBV slope

20-period OBV slope

-7.82%Bearish
Volume ratio

Relative to 20-period average volume

0.44xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$245.19Range
Support

Nearest Downside Decision Level

$219.56Range

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