Technical Analysis for STLD - Steel Dynamics, Inc.

Grade Last Price % Change Price Change
A 139.97 1.50% 2.07
STLD closed up 1.5 percent on Monday, March 18, 2024, on 88 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Multiple of Ten Bearish Other 0.00%
Above Upper BB Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bullish Signal Line Cross Bullish 1.50%
New 52 Week Closing High Bullish 1.50%
Expansion Breakout Bullish Swing Setup 1.50%
Pocket Pivot Bullish Swing Setup 1.50%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 16 hours ago
60 Minute Opening Range Breakout about 20 hours ago
Upper Bollinger Band Resistance about 21 hours ago
Rose Above Previous Day's High about 21 hours ago
New 52 Week High about 21 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 Industrial Machinery Smelting 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 140.345
52 Week Low 89.5133
Average Volume 1,264,022
200-Day Moving Average 110.75
50-Day Moving Average 123.17
20-Day Moving Average 130.92
10-Day Moving Average 132.76
Average True Range 3.79
RSI (14) 69.88
ADX 23.39
+DI 37.29
-DI 15.93
Chandelier Exit (Long, 3 ATRs) 128.96
Chandelier Exit (Short, 3 ATRs) 131.42
Upper Bollinger Bands 139.59
Lower Bollinger Band 122.25
Percent B (%b) 1.02
BandWidth 13.25
MACD Line 3.58
MACD Signal Line 3.13
MACD Histogram 0.4489
Fundamentals Value
Market Cap 22.65 Billion
Num Shares 162 Million
EPS 14.64
Price-to-Earnings (P/E) Ratio 9.56
Price-to-Sales 1.08
Price-to-Book 2.28
PEG Ratio 10.91
Dividend 1.70
Dividend Yield 1.21%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 143.89
Resistance 3 (R3) 143.58 141.96 143.24
Resistance 2 (R2) 141.96 140.96 142.12 143.02
Resistance 1 (R1) 140.97 140.35 141.47 141.28 142.80
Pivot Point 139.35 139.35 139.60 139.50 139.35
Support 1 (S1) 138.35 138.35 138.85 138.66 137.14
Support 2 (S2) 136.73 137.73 136.89 136.92
Support 3 (S3) 135.74 136.73 136.70
Support 4 (S4) 136.05