Technical Analysis for STLD - Steel Dynamics, Inc.

Grade Last Price % Change Price Change
A 47.0499 2.91% 1.33
STLD closed up 5.81 percent on Friday, March 5, 2021, on 1.45 times normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical STLD trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 2.36%
New 52 Week High Strength 2.36%
Overbought Stochastic Strength 2.36%
Stochastic Sell Signal Bearish 8.31%
Slingshot Bullish Bullish Swing Setup 8.31%
Overbought Stochastic Strength 8.31%
New 52 Week Closing High Bullish 4.70%
Pocket Pivot Bullish Swing Setup 4.70%
New 52 Week High Strength 4.70%
Stochastic Reached Overbought Strength 4.70%
Older End-of-Day Signals for STLD ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakout 31 minutes ago
Up 2% 31 minutes ago
1.5x Volume Pace about 1 hour ago
Rose Above Previous Day's High about 1 hour ago
New 52 Week High about 1 hour ago
View Earlier Intraday Alerts

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Profile

Steel Dynamics, Inc. Description

Steel Dynamics, Inc., together with its subsidiaries, produces and sells steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The Steel Operations segment provides a range of sheet steel products, including hot rolled, cold rolled, and coated steel products; structural steel beams, pilings, and rails; special bar quality and merchant bar quality rounds and round-cornered squares; billets and merchant steel products comprising angles, plain rounds, flats, and channels; and merchant beams and specialty structural steel sections. This segment offers its products for automotive, agriculture, energy, construction, commercial, transportation, and industrial machinery markets. The Metals Recycling and Ferrous Resources Operations segment purchases, processes, and resells ferrous products, such as heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and processes nonferrous products consisting of aluminum, brass, copper, stainless steel, and other nonferrous metals for use in foundry, mill refining, and smelting applications. It also provides liquid pig iron and hot briquetted iron; and iron nugget products. The Steel Fabrication Operations segment produces steel building components comprising steel joists, trusses, girders, and decking products for the non-residential construction industry. The company was founded in 1993 and is headquartered in Fort Wayne, Indiana.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Steel Building Materials Recycling Waste Management Stainless Steel Steel Products Ferrous Metals Smelting Construction Industry Industrial Machinery Structural Steel Brass Turning Iron Metal Forming Nonferrous Metal Steel Fabrication Non Ferrous Metal Coated Steel Ferrous Products Iron Products Machinery Markets Nonferrous Products Sheet Steel Products Steel Joists Steel Operations

Is STLD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 46.04
52 Week Low 14.98
Average Volume 1,844,240
200-Day Moving Average 32.72
50-Day Moving Average 39.20
20-Day Moving Average 41.36
10-Day Moving Average 43.38
Average True Range 1.74
ADX 24.41
+DI 32.73
-DI 18.10
Chandelier Exit (Long, 3 ATRs ) 40.83
Chandelier Exit (Short, 3 ATRs ) 41.43
Upper Bollinger Band 46.06
Lower Bollinger Band 36.67
Percent B (%b) 0.96
BandWidth 22.71
MACD Line 1.70
MACD Signal Line 1.35
MACD Histogram 0.3464
Fundamentals Value
Market Cap 9.62 Billion
Num Shares 210 Million
EPS 2.28
Price-to-Earnings (P/E) Ratio 20.10
Price-to-Sales 0.82
Price-to-Book 1.79
PEG Ratio 15.24
Dividend 1.00
Dividend Yield 2.19%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.17
Resistance 3 (R3) 48.89 47.47 48.60
Resistance 2 (R2) 47.47 46.59 47.61 48.40
Resistance 1 (R1) 46.59 46.05 47.03 46.87 48.21
Pivot Point 45.17 45.17 45.39 45.31 45.17
Support 1 (S1) 44.29 44.29 44.73 44.57 43.23
Support 2 (S2) 42.87 43.75 43.01 43.04
Support 3 (S3) 41.99 42.87 42.85
Support 4 (S4) 42.27