STEEL DYNAMICS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	STLD
ISIN:

STEEL DYNAMICS INC. - Daily - Technical analysis published on 07/16/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 30.71 USD

My targets

32.67 USD (+4.21%)

35.78 USD (+14.13%)

My analysis

The strong short-term increase in STEEL DYNAMICS INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 30.71 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 32.67 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.78 USD as an objective. Crossing it would then enable buyers to target 39.08 USD. Caution, a return under 30.71 USD could jeopardize the reversal.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The STEEL DYNAMICS INC. rating is 31.35 USD. The price registered an increase of +2.96% on the session with the lowest point at 30.45 USD and the highest point at 31.43 USD. The deviation from the price is +2.96% for the low point and -0.25% for the high point.

30.45

31.43

31.35

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of STEEL DYNAMICS INC. in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.84	29.05	30.71	31.35	32.67	35.78	39.08
Change (%)	-20.77%	-7.34%	-2.04%	-	+4.21%	+14.13%	+24.66%
Change	-6.51	-2.30	-0.64	-	+1.32	+4.43	+7.73
Level	Major	Major	Major	-	Intermediate	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.47	29.69	30.07	30.29	30.67	30.89	31.27
Camarilla	30.29	30.34	30.40	30.45	30.51	30.56	30.62
Woodie	29.55	29.73	30.15	30.33	30.75	30.93	31.35
Fibonacci	29.69	29.92	30.06	30.29	30.52	30.66	30.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.01	27.93	29.02	29.95	31.04	31.96	33.05
Camarilla	29.56	29.74	29.93	30.11	30.30	30.48	30.66
Woodie	27.09	27.97	29.10	29.99	31.12	32.00	33.13
Fibonacci	27.93	28.70	29.18	29.95	30.72	31.19	31.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.81	22.95	26.57	28.71	32.33	34.47	38.09
Camarilla	28.62	29.14	29.67	30.20	30.73	31.26	31.78
Woodie	21.56	23.32	27.32	29.08	33.08	34.84	38.84
Fibonacci	22.95	25.15	26.51	28.71	30.91	32.27	34.47

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.20
MACD (12,26,9):	0.4800
Directional Movement:	20.27
AROON (14):	35.71
DEMA (21):	30.25
Parabolic SAR (0,02-0,02-0,2):	28.85
Elder Ray (13):	0.96
Super Trend (3,10):	28.19
Zig ZAG (10):	31.39
VORTEX (21):	1.1400
Stochastique (14,3,5):	74.56
TEMA (21):	30.76
Williams %R (14):	-10.30
Chande Momentum Oscillator (20):	0.41
Repulse (5,40,3):	2.7400
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	5.60

MA7:	29.91
MA20:	29.90
MA50:	29.03
MA100:	31.98
MAexp7:	30.19
MAexp20:	29.68
MAexp50:	29.83
MAexp100:	31.40
Price / MA7:	+4.81%
Price / MA20:	+4.85%
Price / MA50:	+7.99%
Price / MA100:	-1.97%
Price / MAexp7:	+3.84%
Price / MAexp20:	+5.63%
Price / MAexp50:	+5.10%
Price / MAexp100:	-0.16%

News

The last news published on STEEL DYNAMICS INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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