STLD Technical Signal Analysis
STLD have 0 buy signal and 3 sell signals now. The current trend is uptrend starting from 2025-03-10. The total price change during this trend is +3.22%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of STLD over last 5 trading day is $280,268,496.33
0 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-6.5
Bearish
Momentum (10 days)
MOM_10 < 0
-10.07
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.82
Bearish
0 Bullish Signal
Name
Signal
Value
Meaning
STLD Support and Resistance Level
The support levels for STLD are at 118.88, 113.96, and 106, while the resistance levels are at 134.8, 139.72, and 147.68. With the current stock price at 123.25, it is leaning more toward the support levels.
STLD Technical Analysis
Technical Analysis of STLD Stock
Price Overview
As of the latest data, Steel Dynamics, Inc. (STLD) is trading at $125.09. The stock has shown a mixed price action recently, with a high of $127.865 and a low of $123.02 during the session. The stock closed at $125.03, reflecting a slight decline of -0.18% during regular market hours.
Technical Indicators
- RSI (14-period): The Relative Strength Index (RSI) for STLD is currently at 41.00, indicating a neutral position but leaning toward oversold territory.
- MACD: The MACD line is at -0.26, with the MACD Histogram at -1.37, signaling a bearish trend.
- Stochastic Oscillator: The StochK and StochD lines are at 14.47 and 15.57, respectively, suggesting the stock is in oversold territory.
- Bollinger Bands: The stock is currently near the lower Bollinger Band, which could indicate a potential bounce.
Fibonacci Levels
The Fibonacci levels for STLD are as follows:
- Pivot Point: $130.42
- Resistance Levels: $136.05 (R1), $139.53 (R2), $145.15 (R3)
- Support Levels: $124.80 (S1), $121.32 (S2), $115.69 (S3)
The stock is currently trading below the pivot point, which could act as resistance in the near term.
Volume Analysis
The trading volume for STLD was 2,180,584, slightly above its average volume, indicating moderate interest in the stock.
Moving Averages
- 50-Day SMA: $132.02
- 200-Day SMA: $127.07
The stock is currently below the 50-day SMA but slightly above the 200-day SMA, which could signal a potential bullish crossover if the price recovers.
Candlestick Chart
Valuation Metrics
Recent News Impact
The recent announcement of steel tariffs is expected to benefit domestic steel producers like STLD, as it could lead to higher prices and improved margins. Additionally, STLD has announced a 9% dividend increase and a $1.5 billion share repurchase program, reflecting strong confidence in its cash flow generation.
Conclusion
Based on the technical analysis, STLD is currently in a neutral to bearish trend. However, the oversold condition of the RSI and Stochastic Oscillator, combined with the positive news regarding tariffs and the company's strong financial position, suggest a potential rebound.
Recommendation: BUY at the current price of $125.09, with a target resistance level of $136.05 (Fibonacci R1). The stock has the potential to rebound from its oversold condition, supported by positive fundamentals.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
STLD FAQs
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STLD Buy or Sell
STLD has 0 buy signals and 3 sell signals now. Overall the technical rating for STLD is Sell.
Sell
Sell
3
Buy
0
STLD Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 123.25 above the SMA_5. In the short term, the stock shows a negative trend with the 122.39 below the SMA_20. In the mid term, the stock shows a positive trend with the 130.03 above the SMA_60. In the long term, the stock shows a negative trend with the 124.88 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about STLD's current trend?What are STLD's key support and resistance levels?