STLD Price Prediction Next Week
Analysis and Insights
To predict the stock price of Steel Dynamics Inc. (STLD) for the next trading week, we will analyze both technical indicators and recent news sentiment.
Technical Analysis:
Price Trends and RSI:
- STLD closed at $122.67 on Friday, March 21, 2025, with a 3.13% decline. The stock has been in a downtrend for two consecutive days.
- The Relative Strength Index (RSI) for STLD is currently at 37.19 (RSI_6), 41.60 (RSI_12), and 42.48 (RSI_14), indicating that the stock is in oversold territory. This could signal a potential rebound in the short term.
Moving Averages:
- The 50-day moving average ($125.65) and 200-day moving average ($128.68) are above the current stock price, suggesting bearish momentum.
- The MACD line is below the signal line, indicating a bearish crossover.
Fibonacci Levels:
- The Fibonacci support levels are at $118.89 (S1) and $116.13 (S2), while resistance levels are at $127.83 (R1) and $130.59 (R2). The stock is currently testing the S1 support level.
News Sentiment:
Fundamental Analysis:
- STLD received a high rating of 91% from Validea's P/E/Growth Investor model, indicating strong fundamentals and valuation in the Iron & Steel industry.
- The stock has been outperforming its competitors despite recent losses.
Industry Context:
- The steel industry is facing challenges, but STLD's strong balance sheet and high profit margin (8.8%) make it a resilient player.
Price Prediction:
Based on the oversold RSI and proximity to the Fibonacci support level, STLD may experience a short-term rebound. However, the overall bearish trend suggests limited upside.
Predicted Price Range for Next Trading Week:
- Target Price: $125.50
- Buy Signal: If the stock bounces off the $118.89 support level.
- Stop Loss: $116.13 (Fibonacci S2 support level).
Recommendation:
Buy STLD if it holds above $118.89 with increasing volume, targeting $125.50. However, be cautious of the broader market conditions and industry challenges.
STLD Similar Chart Price Prediction
The price of STLD is predicted to go up -6.68%, based on the high correlation periods with HLMN. The similarity of these two price pattern on the periods is 96.15%.
STLD
HLMN
Down: -6.68%Similarity: 96.15%
STLD Revenue Forecast
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STLD Analyst's Forecast
Katja Jancic
BMO Capital
Hold → Buy
2025-03-31
Price Target
$135 → $145
Upside
+15.93%
BMO Capital upgraded Steel Dynamics to Outperform from Market Perform with a price target of $145, up from $135. Steel Dynamics is a "best-in-class" domestic U.S. steel producer, with a product portfolio that is "relatively well-positioned" to benefit from expanded Section 232 tariffs, the analyst tells investors in a research note. The firm says that with Sinton expected to "turn a corner" and the company's multi-year investment cycle approaching completion, Steel Dynamics is expected to deliver above-peer free cash flow generation, which should support "healthy" shareholder returns.
Andrew Jones
UBS
Hold → Strong Buy
2025-03-24
Price Target
$149
Upside
+17.64%
Carlos De Alba
Morgan Stanley
Hold → Buy
2025-03-07
Price Target
$145 → $158
Upside
+26.37%
