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Stock Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Steel Dynamics, Inc. (NASDAQ:STLD)

Weak Downtrend (-65) - STLD is showing signs of a strengthening downtrend. Monitor STLD as it may be building momentum to the downside.

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.

Open High Low STLD Price Change
104.970 109.780 103.345 109.000 +1.500
Entry Signal

MarketClub’s Trade Triangles for STLD

long term up The long-term trend has been UP since Oct 21st, 2022 at 88.62

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 115.34

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 105.95

Smart Scan Analysis for STLD

Based on our trend formula, STLD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for STLD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.970 109.780 103.345 109.000 +1.500
Prev. Close Volume Bid Ask Time
107.500 1074218 2023-03-24 15:11:14
Year High52.095Year High Date2018-05-17
Year Low33.38Year Low Date2018-11-28
52wk High136.4652wk High Date2023-03-06
52wk Low62.4452wk Low Date2022-07-06
Year End Close13.73Average Volume2,486,881
Shares Outstanding175,571Short Interest5,946,930
% Institutional70.9Market Cap6,988M
P/E Ratio5.1386Beta1.68
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