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Stock Charts AI Power Rank: 4.7
Power Rank trend -> Falling
07/26/2024 16:09:00 EST
Steel Dynamics Inc (STLD)
Industry: Steel
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, STLD has been trading in a range between $132.71 and $124.25 (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 between resistance at $133.93 about 3% to the upside and support at $128.35 -2% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $149.26, about a 14% move. 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 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $108, a potential down side of -17.27% from the recent price of 130.54. The stock is trading 15.5% (potential upside) below its 52 week high of $150.78 and 38.64 % (potential downside) above its 52 week low of $94.16 - 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.
News
| Steel Dynamics: Trump Trade Stock Steel Dynamics, Inc. has become more resilient despite YTD underperformance, with strong business model and shareholder value initiatives. The company's 2Q 2024 results exceeded expectations, showcasing management's ability to handle market fluctuations. Strong commitment to aggressive share repurchase programs means there is the potential for significant upside if the P/E ratio converges with the sector median. Source: Seeking Alpha Wed, 24 Jul 2024 12:09:54 -0400 Sentiment: Positive |
| Steel Dynamics, Inc. (STLD) Q2 2024 Earnings Call Transcript Steel Dynamics, Inc. (NASDAQ:STLD ) Q2 2024 Earnings Conference Call July 18, 2024 11:00 AM ET Company Participants David Lipschitz - Director, IR Mark Millett - Chairman & CEO Theresa Wagler - EVP & CFO Barry Schneider - President & COO Conference Call Participants Carlos De Alba - Morgan Stanley Martin Englert - Seaport Research Partners Tristan Gresser - BNP Paribas Exane Timna Tanners - Wolfe Research Katja Jancic - BMO Andrew Keches - Barclays Bill Peterson - JPMorgan Alex Hacking - Citi Investment Research John Tumazos - Very Independent Research Chris LaFemina - Jefferies Operator Good day and welcome to the Steel Dynamics Second Quarter 2024 Earnings Conference call. At this time, all participants are in a listen-only mode. Source: Seeking Alpha Thu, 18 Jul 2024 14:03:08 -0400 Sentiment: Neutral |
| Steel Dynamics (STLD) Q2 Earnings and Sales Beat Estimates Steel Dynamics (STLD) tops earnings and sales estimates in the second quarter. It sees strong market conditions for domestic steel consumption in the second half of 2024. Source: Zacks Investment Research Thu, 18 Jul 2024 11:15:44 -0400 Sentiment: Positive |
| Reminder: Steel Dynamics Announces Second Quarter 2024 Earnings Conference Call and Webcast FORT WAYNE, Ind. , July 18, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release second quarter 2024 financial results after market close on Wednesday, July 17, 2024. Source: PRNewsWire Thu, 18 Jul 2024 08:00:00 -0400 Sentiment: Neutral |
| Compared to Estimates, Steel Dynamics (STLD) Q2 Earnings: A Look at Key Metrics Although the revenue and EPS for Steel Dynamics (STLD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. Source: Zacks Investment Research Wed, 17 Jul 2024 19:00:53 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 150.7832 52 Week Low: 94.1647 Beta: 1.365 50 Day MA: 128.526 200 Day MA: 124.3416 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.435 Qtr Revenue Growth YOY: -0.088 Forward PE: 11.4025 Trailing PE: 10.1754