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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
12/04/2024 11:06:00 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 $154.32 and $135.65 (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 $154.32, about 9% to the upside. There is support at $133.65 -6% 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 50 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $108, a potential down side of -24.58% from the recent price of 143.20. The stock is trading 8.63% (potential upside) below its 52 week high of $155.56 and 37.4 % (potential downside) above its 52 week low of $104.22 - 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
| Is the Options Market Predicting a Spike in Steel Dynamics (STLD) Stock? Investors need to pay close attention to Steel Dynamics (STLD) stock based on the movements in the options market lately. Source: Zacks Investment Research Wed, 20 Nov 2024 10:26:45 -0500 Sentiment: Neutral |
| Steel Dynamics (STLD) Up 2% Since Last Earnings Report: Can It Continue? Steel Dynamics (STLD) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Fri, 15 Nov 2024 12:36:17 -0500 Sentiment: Positive |
| Steel Dynamics Honored with 2024 Sustainability Partner Award from Union Pacific FORT WAYNE, Ind. , Nov. 14, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced today that Union Pacific recognized Steel Dynamics with a Sustainability Partner Award. Source: PRNewsWire Thu, 14 Nov 2024 10:00:00 -0500 Sentiment: Neutral |
| Prediction: 3 Stocks Set to Win if President-Elect Trump Gets His Way on Tariffs Trump's proposed across-the-board tariffs will create some losers. But there will be winners, too. Source: The Motley Fool Sun, 10 Nov 2024 04:48:00 -0500 Sentiment: Negative |
| Steel Dynamics Announces Fourth Quarter 2024 Cash Dividend FORT WAYNE, Ind. , Nov. 8, 2024 /PRNewswire/ --Â Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a fourth quarter cash dividend of $0.46 per common share. Source: PRNewsWire Fri, 08 Nov 2024 10:00:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 155.56 52 Week Low: 104.2181 Beta: 1.325 50 Day MA: 135.0706 200 Day MA: 130.4597 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.409 Qtr Revenue Growth YOY: -0.054 Forward PE: 12.87 Trailing PE: 12.8777