RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of STLD
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Red day on Monday for Steel Dynamics stock after losing 0.522%
(Updated on Jul 22, 2024)

Sell candidate since Jul 17, 2024 Loss -1.77% PDF

The Steel Dynamics stock price fell by -0.522% on the last day (Monday, 22nd Jul 2024) from $128.44 to $127.77. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.36% from a day low at $125.50 to a day high of $128.46. The price has fallen in 6 of the last 10 days but is still up by 2.82% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -179 thousand shares and in total, 1 million shares were bought and sold for approximately $133.76 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.82% during the next 3 months and, with a 90% probability hold a price between $110.65 and $124.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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STLD Signals & Forecast

The Steel Dynamics stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $129.89. On a fall, the stock will find some support from the long-term average at approximately $126.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -3.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Steel Dynamics stock

Steel Dynamics finds support from accumulated volume at $126.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.96 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 3.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (STLD) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Steel Dynamics to open at $127.24, and during the day (based on 14 day Average True Range), to move between $124.14 and $131.40, which gives a possible trading interval of +/-$3.63 (+/-2.84%) up or down from last closing price. If Steel Dynamics takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $128.18 (0.32%) than the support at $126.55 (0.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Steel Dynamics stock A Buy?

Steel Dynamics holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.894 Sell Candidate Unchanged

Predicted Opening Price for Steel Dynamics of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$127.24 ( 0.412%) $127.77

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for STLD

Fibonacci Support & Resistance Levels

Level Price
R3 130.20 1.90%
R2 129.07 1.02%
R1 128.37 0.473%
Price 127.77
S1 126.11 -1.30%
S2 125.41 -1.84%
S3 124.28 -2.73%

Accumulated Volume Support & Resistance Levels

Level Price
R3 129.92 1.68%
R2 129.13 1.06%
R1 128.18 0.321%
Price 127.77
S1 126.55 -0.95%
S2 126.34 -1.12%
S3 125.00 -2.17%

STLD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 30, 2024 Jun 30, 2024 Jul 12, 2024 $0.460 0.356%
2 May 10, 2024 Jun 28, 2024 Jul 12, 2024 $0.460 0.356%
3 Feb 26, 2024 Mar 31, 2024 Apr 14, 2024 $0.460 0.327%
4 Feb 26, 2024 Mar 28, 2024 Apr 14, 2024 $0.460 0.327%
5 Feb 26, 2024 Mar 27, 2024 Apr 12, 2024 $0.460 0.327%

FAQ

What is the symbol for Steel Dynamics Stock and on which exchange is it traded?
The symbol for Steel Dynamics is STLD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Steel Dynamics Stock?
Steel Dynamics holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Steel Dynamics Stock?
Steel Dynamics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Steel Dynamics Stock.

What's the current price of Steel Dynamics Stock?
As of the end of day on the Jul 22, 2024, the price of an Steel Dynamics (STLD) share was $127.77.

What is the 52-week high and low for Steel Dynamics Stock?
The 52-week high for Steel Dynamics Stock is $151.34 and the 52-week low is $95.53.

What is the market capitalization of Steel Dynamics Stock?
As of the Jul 22, 2024, the market capitalization of Steel Dynamics is 20.182B.

When is the next earnings date for Steel Dynamics?
The upcoming earnings date for Steel Dynamics is Oct 16, 2024.
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About Steel Dynamics

Steel Dynamics Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard st... STLD Profile

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