STLD Price Prediction Next Week
Technical Analysis: STLD shows strong bullish momentum with RSI-14 at 64.60 and stochastic RSI at 77.77, indicating an upward trend but approaching overbought territory. The MACD (2.67) and signal line (1.83) configuration suggests positive momentum.
Price Levels:
- Current price: $135.80
- Key resistance: $138.92 (Fibonacci R2)
- Support levels: $130.70 (Pivot), $125.62 (Fibonacci S1)
News Impact: Recent developments significantly affect STLD's outlook:
- Trump's announcement of reciprocal tariffs has positively influenced steel stocks, with STLD gaining 0.5% following the news
- However, concerns about potential trade war impacts and higher production costs could create market volatility
- The steel sector faces mixed sentiment due to tariff policies, with some analysts warning about increased costs for consumers
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Bullish scenario (70% probability): Price likely to test $138.92 resistance
- Target price: $137-139 range
- Key drivers:
- Strong technical momentum
- Positive impact from tariff policies
- Above major moving averages (SMA 200: $127.11)
Trading Recommendation: BUY
- Entry point: Current market price ($135.80)
- Stop loss: $130.70 (Pivot level)
- Take profit: $138.92 (Fibonacci R2)
Rationale:
- Strong technical indicators
- Positive policy support from tariff implementation
- Momentum indicators showing continued strength
- Trading above all major moving averages
STLD Similar Chart Price Prediction
The price of STLD is predicted to go up 14.11%, based on the high correlation periods with GAU. The similarity of these two price pattern on the periods is 97.26%.
STLD
GAU
Up: 14.11%Similarity: 97.26%
STLD Revenue Forecast
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STLD Analyst's Forecast
Philip Gibbs
Keybanc
Hold → Buy
2025-02-11
Price Target
$155
Upside
+14.93%
KeyBanc analyst Phillip Gibbs upgraded Steel Dynamics to Overweight from Sector Weight with a $155 price target. as part of a broader research note on Metals & Mining. President Trump's increasing threats to tax key trading partners of the U.S. should lift U.S. steel pricing sentiment over the next several months, the analyst tells investors in a research note. The firm adds that it is also more constructive on Steel Dynamics as the recent operational challenges at Sinton are turning, which supports "materially positive earnings revisions". KeyBanc further notes that the stock trades at a "reasonable relative valuation" vs. its peers.
Christopher LeFemina
Jefferies
Hold → Strong Buy
2025-01-24
Price Target
$125 → $145
Upside
+18.51%
Bill Peterson
JP Morgan
Hold
2025-01-17
Price Target
$134 → $132
Upside
+4.9%
