Steel Dynamics Inc (STLD): Price Down $-0.5 (-0.85)% Over Past Day, Up $0.27 (0.46)% Over Past Hour

The Hourly View for STLD

At the moment, STLD (Get Ratings)’s price is up $0.27 (0.46%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

STLD ranks 38th in terms of today’s price percentage change out of Steel Works Etc stocks.

STLD’s Technical Outlook on the Daily Chart

At the time of this writing, STLD’s price is down $-0.5 (-0.85%) from the day prior. The daily chart shows that STLD has seen 2 straight down days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows STLD’s price action over the past 90 days.

STLD

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STLD: Daily RSI Analysis

  • For STLD, its RSI is now at 29.8246.
  • STLD and RSI both have consistent trends, as they are both heading down.

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