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Last Price: 138.93 - Change: -0.84 - Change %: -0.601
04/17/2024 16:11:00 EST

Steel Dynamics Inc (STLD)

Industry: Steel

Price Support Resistance

In the past 20 trading days, STLD has been trading in a range between $149.26 and $140.63 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

STLD is trading below resistance at $149.26, about 7% to the upside. There is support at $124.52 -10% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Steel Dynamics Inc $STLD entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $108, a potential down side of -22.26% from the recent price of 138.93. Our AI powered stock target predictor currently has a target price of $88.22 a potential move of -36%. The stock is trading 8.93% (potential upside) below its 52 week high of $151.34 and 55.7 % (potential downside) above its 52 week low of $89.23 - based on the recent price.

Company Summary

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.

STLD Website

News

8 Stocks to Buy Ahead of Earnings
We searched for names whose 2024 earnings expectations have either been revised higher by analysts or kept unchanged since late February, when aggregate earnings estimates for the S&P 500 began to fall.
Source: Barrons
Wed, 17 Apr 2024 01:30:00 -0400
Sentiment: Positive
Analysts Estimate Steel Dynamics (STLD) to Report a Decline in Earnings: What to Look Out for
Steel Dynamics (STLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: Zacks Investment Research
Tue, 16 Apr 2024 11:06:34 -0400
Sentiment: Negative
Final Trades: Shell, Freeport-McMoran and Steel Dynamics
The Investment Committee give you their top stocks to watch for the second half.
Source: CNBC Television
Mon, 15 Apr 2024 13:25:13 -0400
Sentiment: Neutral
Steel Dynamics (STLD) Stock Dips While Market Gains: Key Facts
In the latest trading session, Steel Dynamics (STLD) closed at $144.23, marking a -0.29% move from the previous day.
Source: Zacks Investment Research
Thu, 11 Apr 2024 19:21:22 -0400
Sentiment: Neutral
Steel Dynamics (STLD) Rises But Trails Market: What Investors Should Know
In the closing of the recent trading day, Steel Dynamics (STLD) stood at $147.27, denoting a +0.38% change from the preceding trading day.
Source: Zacks Investment Research
Fri, 05 Apr 2024 19:21:19 -0400
Sentiment: Neutral
Instituions Institution %: 86.866
Last QTR Institution change: 225445

Insiders
Insiders %: 6.661
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 79888
Insiders Net last QTR: -79888

Analyst Ratings
Target Price: 108
Overall Rating: 3
Strong Buys (5): 2
Buys (4): 0
Holds (3): 7
Sells (2): 2
Strong Sells (1): 1

Technicals
52 Week Hi: 151.34
52 Week Low: 89.2332
Beta: 1.457
50 Day MA: 134.8626
200 Day MA: 115.5113

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.275
Qtr Revenue Growth YOY: -0.123
Forward PE: 11.4025
Trailing PE: 9.5471

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