Steel Dynamics, Inc. (NASDAQ:STLD) Fell By -1.5%, But Why?

For its latest trading sesion, Steel Dynamics, Inc. (NASDAQ:STLD) dropped by -1.5% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.53, an Accumulation/Distribution Index (ADI) of 0.53, an On-Balance Volume (OBV) of 506.524, and a Chaiikin Money Flow (CMF) of 34.93. 11.909

Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Steel Dynamics, Inc. (NASDAQ:STLD). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.