Steel Dynamics Technical Analysis (NASDAQ:STLD)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Steel Dynamics stock price data and volume are plotted in STLD stock charts and these trading charts form the basis of technical analysis.
See Steel Dynamics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Steel Dynamics stock analysis that does not care for the fair value of a company but uses price and volume data only.
Steel Dynamics Moving Average
Moving averages help predict the price direction of STLD stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $45.74 is above the last closing price of $43.39 and the 50 day moving average of $46.69 is above the last closing price of $43.39. The 10 and 20 day periods can predict short term moving average trends.
Steel Dynamics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Steel Dynamics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Steel Dynamics bollinger bands.
Steel Dynamics Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Steel Dynamics MACD line is below the signal line.
Steel Dynamics Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 21.88 is the RSI value of STLD stock.