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Takip Edin: @UscMarketsSTLD Stock Forecast & Steel Dynamics Chart Analysis
This article provides a detailed analysis of STLD-Steel Dynamics stock including a forecast for STLD shares. It features Steel Dynamics, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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STLD Historical Data Review
STLD Current Price Performance Analysis
The Steel Dynamics - STLD stock traded on the American stock market, on 06-05-2024, closed at 127.16$ with a %-0.06 decreased compared to the previous day.
In the last month, the price of STLD changed by %-4.10 decreased in value, from 132.6 dollars on 05-06-2024 to 127.16 dollars, decreased.
Last year, the price of STLD was 99.3 dollars on 06-06-2023, and changed by %28.06 increased in value, to 127.16 dollars increased within a year.
The price of Steel Dynamics stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
STLD with AI Stock Forecast & Price Target
On the STLD chart Steel Dynamics price was recorded as 127.16 Dollars on 06/05/2024.
The artificial intelligence's forecast on STLD stock is as follows.
The artificial intelligence's prediction error margin for STLD stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Steel Dynamics stock over the next 4 months is: 110.4 Dollars.
The commentary on STLD stock Target Price: Highest: 135.189 Dollars is predicted.
The commentary on STLD stock Target Price: Lowest: 97.194 Dollars is predicted.
Resistance Price where Steel Dynamics stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 135.189 |
| 12-02-2024 | 102.136 |
| 03-12-2025 | 108.330 |
Support Price where Steel Dynamics stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 125.085 |
| 11-07-2024 | 97.194 |
| 12-27-2024 | 99.277 |
| 03-27-2025 | 107.473 |
The commentary on STLD stock: Fluctuations in the target price can be expected in the coming days.
The target price for Steel Dynamics stock by the end of 2024 is predicted to be 99.277 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on STLD stock, and the 2024 target price predictions for Steel Dynamics are detailed above.
The technical analysis and charts for the commentary on STLD stock are below.
STLD Support & Resistance and Trend Analysis
STLD stock you have reviewed the technical analysis support resistance charts regarding.
STLD : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the STLD review, the Steel Dynamics support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Steel Dynamics Support and Resistance Prices:
| STLD Support Level Price | STLD Resistance Level Price |
|---|---|
| 107.38 | 126.15 |
| 109.66 | 127.76 |
| 111.63 | 127.82 |
| 117.43 | 128.57 |
| 126.42 | 135.92 |
| 127.05 | 137.79 |
| 127.14 | 138.95 |
| 128.89 | 144.91 |
| 130.31 | 151.34 |
STLD Technical Analysis: SMA, RSI, MACD
Upon reviewing the STLD chart, buy and sell signals have been generated in the Steel Dynamics technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for STLD stock are as follows:- STLD technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Steel Dynamics gave a 'Buy' signal when the RSI was at 25.757, with the current RSI value at 25.757.
- The technical analysis for Steel Dynamics indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Steel Dynamics stock: Click here to read more predictions on TDK Corporation stock.
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