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Stock Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Steel Dynamics, Inc. (NASDAQ:STLD)

Sidelines Mode (+55) - STLD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid STLD?

MarketClub looks at technical strength and momentum to determine if the timing is right for STLD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_STLD
Open High Low STLD Price Change
128.340 128.460 125.500 127.675 -0.765
Entry Signal

MarketClub’s Trade Triangles for STLD

long term down The long-term trend has been DOWN since Jun 5th, 2024 at 127.0500

intermediate term up The intermediate-term trend has been UP since Jul 12th, 2024 at 130.5999

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 128.6400

Smart Scan Analysis for STLD

Based on our trend formula, STLD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for STLD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
128.340 128.460 125.500 127.675 -0.765
Prev. Close Volume Bid Ask Time
127.770 855611 2024-07-22 15:59:18
Year High52.095Year High Date2018-05-17
Year Low33.38Year Low Date2018-11-28
52wk High151.3452wk High Date2024-04-01
52wk Low95.52552wk Low Date2023-09-18
Year End Close13.73Average Volume1,410,285
Shares Outstanding157,133Short Interest5,946,930
% Institutional70.9Market Cap6,988M
Assets150,267,500MLiabilities595,434,200M
P/E Ratio8.7454Beta1.68
Volatility42.85
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