STLD BearishI am bearish on commodity stocks such as Vale and Cleveland-Cliffs as well. I think 104.5 is a good point to think about being bullish again
1.49%
15.68USD
3.863BUSD
22.261BUSD
151.61M
About Steel Dynamics, Inc.
Sector
Industry
CEO
Mark D. Millett
Website
Headquarters
Fort Wayne
Employees (FY)
12.06K
Founded
1993
ISIN
US8581191009
Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. It operates through the following segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment consists of sheet products including hot roll, cold roll, and coated steel, long products including structural steel beams, pilings, and standard and premium grade rail, and steel finishing services such as turning, polishing, straightening, chamfering, threading, and precision saw-cutting. The Metals Recycling Operations segment provides ferrous and non-ferrous scrap recycling, scrap management, transportation, and brokerage products and services. The Steel Fabrication Operations segment offers steel joists, girders, and steel deck, including specialty deck. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets, and John C. Bates in 1993 and is headquartered in Fort Wayne, IN.
STLDCurrent Price: 105.5
Entry: 104.28
Profit level: 115.2(10.46%)
S/L: 101.95 (2.24%)
Risk & Reward Ratio: 4.66
Bullish Signal
Symmetrical triangle pattern is forming
Price> EMA 5, 18, 20, 150, 200
Short-term EMAs are crossing the long-term EMAs
MACD curves almost cross and start turning upward
Relati
STEEL DYNAMICS Stock Chart Fibonacci Analysis 072523 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 102/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
STLDBroke down out of the channel today but buyers are showing up. I like July calls here assuming this is a false breakdown. Stop below today's low. First target is $104. Going much lower if this breakdown is real.
STLD - Looking weak, will it break? STLD is hanging on by a thread.
A trigger of this neckline may be a good spot to short or play puts.
STEEL DYNAMICS Stock Chart Fibonacci Analysis 032823 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 111/61.80%
$STLD - bullish trade setup$STLD 6% upmove from 122.50 to 130
Technicals :
1. Monthly - bullish
2. Weekly - bullish
3. Daily - RSI Positive Reverse Divergence
Trade setup :
1. Entry : 122.50
2. Stop Loss : 119.75
3. Risk : 2.75 points
4. Target : 130
5. Profit points : 7.5 points
6. R/R : 2.75 : 7.5 = 1:3
$STLD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $STLD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 61.54%.
$STLD - Solid short setup, with China still on 0 Covid$STLD - Solid short setup, with China still on 0 Covid
$STLD is pushing higher on the right side of its ~5 month base!Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Basing for the past ~5 months
* Was rejected around the ~85.3 area and pulled back to its 20 day EMA
* Now it's broken above that resistance level with high volume
* Printed a pocket pivot indicating institutional dema
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