Technical Analysis for STLD - Steel Dynamics, Inc.

Grade Last Price % Change Price Change
C 129.15 -0.27% -0.35
STLD closed down 0.27 percent on Monday, July 1, 2024, on approximately normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: Jul 17
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Multiple of Ten Bearish Other 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Resistance Bearish -0.27%
Crossed Above 20 DMA Bullish -0.27%
Pocket Pivot Bullish Swing Setup -0.27%
Multiple of Ten Bearish Other -0.27%
Gapped Up Strength -0.27%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 11 hours ago
Down 1% about 11 hours ago
50 DMA Resistance about 12 hours ago
Rose Above 50 DMA about 12 hours ago
50 DMA Resistance 3 days 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 150.7833
52 Week Low 94.1647
Average Volume 1,316,748
200-Day Moving Average 121.43
50-Day Moving Average 129.97
20-Day Moving Average 125.22
10-Day Moving Average 126.01
Average True Range 3.52
RSI (14) 53.92
ADX 16.32
+DI 25.18
-DI 17.90
Chandelier Exit (Long, 3 ATRs) 123.49
Chandelier Exit (Short, 3 ATRs) 128.50
Upper Bollinger Bands 131.46
Lower Bollinger Band 118.99
Percent B (%b) 0.81
BandWidth 9.95
MACD Line -1.04
MACD Signal Line -1.91
MACD Histogram 0.8697
Fundamentals Value
Market Cap 20.9 Billion
Num Shares 162 Million
EPS 14.64
Price-to-Earnings (P/E) Ratio 8.82
Price-to-Sales 1.08
Price-to-Book 2.28
PEG Ratio 10.91
Dividend 1.70
Dividend Yield 1.32%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 133.95
Resistance 3 (R3) 133.90 132.25 133.15
Resistance 2 (R2) 132.25 131.03 132.27 132.88
Resistance 1 (R1) 130.70 130.27 129.87 130.75 132.62
Pivot Point 129.05 129.05 128.64 129.07 129.05
Support 1 (S1) 127.50 127.83 126.68 127.55 125.68
Support 2 (S2) 125.85 127.07 125.88 125.42
Support 3 (S3) 124.30 125.85 125.15
Support 4 (S4) 124.35