Technical Analysis for STLD - Steel Dynamics, Inc.

Grade Last Price % Change Price Change
A 137.30 0.29% 0.40
STLD closed up 0.29 percent on Monday, April 22, 2024, on 76 percent of normal volume. It was able to find support at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Apr 24
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Strong but Oversold Other 0.00%
Outside Day Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 0.29%
Strong but Oversold Other 0.29%
Inside Day Range Contraction 0.29%
Lower Bollinger Band Touch Weakness 0.29%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 14 hours ago
Up 1% about 18 hours ago
Rose Above Previous Day's High about 18 hours ago
Outside Day about 18 hours ago
Lower Bollinger Band Support about 18 hours ago

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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: S&P 500 Steel Metals Building Materials Recycling Waste Management Stainless Steel Steel Products Construction Industry Ferrous Smelting Industrial Machinery Structural Steel Brass Metal Forming Steel Fabrication Non Ferrous Metal Nonferrous Metal Turning Iron Coated Steel Iron Products Machinery Markets Sheet Steel Products Steel Joists

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 151.34
52 Week Low 89.2332
Average Volume 1,078,653
200-Day Moving Average 115.44
50-Day Moving Average 135.75
20-Day Moving Average 143.79
10-Day Moving Average 140.62
Average True Range 3.38
RSI (14) 42.20
ADX 26.96
+DI 21.56
-DI 25.16
Chandelier Exit (Long, 3 ATRs) 141.22
Chandelier Exit (Short, 3 ATRs) 145.39
Upper Bollinger Bands 152.08
Lower Bollinger Band 135.50
Percent B (%b) 0.11
BandWidth 11.53
MACD Line 0.20
MACD Signal Line 1.93
MACD Histogram -1.7254
Fundamentals Value
Market Cap 22.22 Billion
Num Shares 162 Million
EPS 14.64
Price-to-Earnings (P/E) Ratio 9.38
Price-to-Sales 1.08
Price-to-Book 2.28
PEG Ratio 10.91
Dividend 1.70
Dividend Yield 1.24%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 142.15
Resistance 3 (R3) 142.06 140.35 141.34
Resistance 2 (R2) 140.35 139.12 140.40 141.07
Resistance 1 (R1) 138.83 138.35 139.59 138.92 140.80
Pivot Point 137.12 137.12 137.50 137.16 137.12
Support 1 (S1) 135.59 135.88 136.36 135.68 133.80
Support 2 (S2) 133.89 135.12 133.93 133.53
Support 3 (S3) 132.36 133.89 133.26
Support 4 (S4) 132.45