Technical Analysis for STLD - Steel Dynamics, Inc.

Grade Last Price % Change Price Change
grade C 46.48 -2.11% -1.00
STLD closed down 2.11 percent on Tuesday, June 19, 2018, on 1.39 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Down Down
See historical STLD trend table...

Date Alert Name Type % Chg
Jun 19 MACD Bearish Centerline Cross Bearish 0.00%
Jun 19 Hammer Candlestick Bullish 0.00%
Jun 19 Lizard Bullish Bullish Day Trade Setup 0.00%
Jun 19 Calm After Storm Range Contraction 0.00%
Jun 19 Lower Bollinger Band Walk Weakness 0.00%
Jun 19 Below Lower BB Weakness 0.00%
Jun 19 Oversold Stochastic Weakness 0.00%
Jun 18 50 DMA Resistance Bearish -2.11%
Jun 18 Lower Bollinger Band Walk Weakness -2.11%
Jun 18 Inside Day Range Contraction -2.11%

Older signals for STLD ...

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Profile
Steel Dynamics, Inc., together with its subsidiaries, produces and sells steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The Steel Operations segment provides a range of sheet steel products, including hot rolled, cold rolled, and coated steel products; structural steel beams, pilings, and rails; special bar quality and merchant bar quality rounds and round-cornered squares; billets and merchant steel products comprising angles, plain rounds, flats, and channels; and merchant beams and specialty structural steel sections. This segment offers its products for automotive, agriculture, energy, construction, commercial, transportation, and industrial machinery markets. The Metals Recycling and Ferrous Resources Operations segment purchases, processes, and resells ferrous products, such as heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and processes nonferrous products consisting of aluminum, brass, copper, stainless steel, and other nonferrous metals for use in foundry, mill refining, and smelting applications. It also provides liquid pig iron and hot briquetted iron; and iron nugget products. The Steel Fabrication Operations segment produces steel building components comprising steel joists, trusses, girders, and decking products for the non-residential construction industry. The company was founded in 1993 and is headquartered in Fort Wayne, Indiana.
Is STLD a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 52.1
52 Week Low 31.9302
Average Volume 2,164,473
200-Day Moving Average 42.7504
50-Day Moving Average 47.8334
20-Day Moving Average 49.3965
10-Day Moving Average 49.063
Average True Range 1.4313
ADX 22.03
+DI 14.77
-DI 28.99
Chandelier Exit (Long, 3 ATRs ) 47.3961
Chandelier Exit (Short, 3 ATRs ) 49.6239
Upper Bollinger Band 51.7485
Lower Bollinger Band 47.0445
Percent B (%b) -0.12
BandWidth 9.522942
MACD Line -0.1341
MACD Signal Line 0.4041
MACD Histogram -0.5381
Fundamentals Value
Market Cap 11.15 Billion
Num Shares 240 Million
EPS 2.18
Price-to-Earnings (P/E) Ratio 21.32
Price-to-Sales 1.06
Price-to-Book 3.03
PEG Ratio 0.72
Dividend 0.62
Dividend Yield 1.33%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 48.66
Resistance 3 (R3) 48.51 47.65 48.29
Resistance 2 (R2) 47.65 47.09 47.72 48.17
Resistance 1 (R1) 47.06 46.75 46.63 47.21 48.05
Pivot Point 46.20 46.20 45.98 46.27 46.20
Support 1 (S1) 45.61 45.64 45.18 45.76 44.91
Support 2 (S2) 44.75 45.30 44.82 44.79
Support 3 (S3) 44.16 44.75 44.67
Support 4 (S4) 44.31