Technical Analysis for STLD - Steel Dynamics, Inc.

Grade Last Price % Change Price Change
D 61.95 -2.76% -1.76
STLD closed down 2.76 percent on Friday, September 17, 2021, on 2.71 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish -2.76%
Oversold Stochastic Weakness -2.76%
Crossed Above 50 DMA Bullish -4.75%
Stochastic Buy Signal Bullish -4.75%
Oversold Stochastic Weakness -4.75%
Lower Bollinger Band Walk Weakness -0.03%
Older End-of-Day Signals for STLD ...

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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 74.3693
52 Week Low 28.3105
Average Volume 2,011,726
200-Day Moving Average 53.07
50-Day Moving Average 65.10
20-Day Moving Average 66.88
10-Day Moving Average 64.78
Average True Range 2.44
ADX 18.82
+DI 17.05
-DI 31.70
Chandelier Exit (Long, 3 ATRs) 64.79
Chandelier Exit (Short, 3 ATRs) 68.79
Upper Bollinger Bands 72.23
Lower Bollinger Band 61.53
Percent B (%b) 0.04
BandWidth 16.01
MACD Line -0.87
MACD Signal Line -0.11
MACD Histogram -0.7581
Fundamentals Value
Market Cap 13.03 Billion
Num Shares 210 Million
EPS 2.28
Price-to-Earnings (P/E) Ratio 27.23
Price-to-Sales 0.82
Price-to-Book 1.79
PEG Ratio 15.24
Dividend 1.00
Dividend Yield 1.61%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 64.41
Resistance 3 (R3) 64.53 63.82 64.00
Resistance 2 (R2) 63.82 63.20 63.77 63.86
Resistance 1 (R1) 62.89 62.81 62.54 62.77 63.73
Pivot Point 62.18 62.18 62.01 62.13 62.18
Support 1 (S1) 61.25 61.56 60.90 61.13 60.17
Support 2 (S2) 60.54 61.17 60.49 60.04
Support 3 (S3) 59.61 60.54 59.90
Support 4 (S4) 59.49