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STLD· Materials› Steel

Steel Dynamics, Inc.

Stage 3 · Topping · week 2

As of Oct 22, 2026, Steel Dynamics is in Stage 3, the topping phase, now in week 2 (since Oct 12, 2026). It closed at $239.90, 14.8% below its 52-week high and above its 200-day average, which is rising.

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. More about the company

$239.90
-3.45% today
$34.4B · Large cap
Market Neutral — Building

Pro read

Pro

Our read

Topping: the uptrend is tiring

Setup score

—

Momentum

Accelerating ⇈

Edge

—

Is STLD early, or has it already run? Pro answers that for every US stock we cover, after every close.

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Stage Cycle Timeline2023-08-16 → 2026-10-22
S2 28w
S2 49w
2023-08-162026-10-22
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 5w → S4 4w → S1 5w → S2 28w → S3 10w → S4 9w → S1 4w → S2 7w → S3 5w → S4 5w → S1 1w → S2 5w → S3 1w → S4 4w → S1 2w → S2 8w → S3 6w → S2 49w → S3 5w → S2 2w → S3 2w current
Total tracked: 165 weeks across 21 stage runs.

STLD among Steel7th of 21 by relative strength

All 21 →
Stocks in Steel ranked by relative strength, with stage and one-month change
#StockStageRS1M
1HLPStage 2 · wk 996+49.9%
2FRDStage 2 · wk 2095+3.1%
3NUEStage 3 · wk 193+4.7%
4NWPXStage 3 · wk 992−6.2%
5MTStage 3 · wk 189−16.3%
6TXStage 2 · wk 2389−1.1%
7STLDStage 3 · wk 288+2.6%
8GGBStage 2 · wk 2488+3.9%
vs 52W High
-14.8%
$146.98 lo$281.45 hi
14.8% below 52W high, weakening from peak
The stock is rolling over from its 52-week high. In Stage 3 distribution, new long positions carry high risk.
Stage Maturity
Week 2
1w13w26w
Week 2, early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
8.7%
200 DMA: $220.64 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
1.33x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution, with institutions exiting. Stage analysis reads that as a warning against new long positions.
Trend Health
↗ ⇈
Short-term trend rising gently, and accelerating
Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.
1M
+2.6%
3M
-2.7%
6M
+7.1%
YTD
+37.3%
1Y
+57.6%
Scan Membership
Breakout Watch
Latest: 2025-06-09
9 appearances in last 60 days. First seen: 2019-12-04.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-22S3
Wk 2 · Vol 1.33x
2026-10-21S3
Wk 2 · Vol 0.58x
2026-10-20S3
Wk 2 · Vol 1.60x
2026-10-19S3
Wk 2 · Vol 1.47x
2026-10-16S3
Wk 1 · Vol 0.88x
2026-10-15S3
Wk 1 · Vol 0.89x
2026-10-14S3
Wk 1 · Vol 0.73x
2026-10-13S3
Wk 1 · Vol 0.65x
2026-10-12S32→3
Wk 1 · Vol 0.66x
2026-10-09S2
Wk 2 · Vol 0.56x
2026-10-08S2
Wk 2 · Vol 0.79x
2026-10-07S2
Wk 2 · Vol 0.53x
Moving averages & range
50 DMA
$237.42
200 DMA
$220.64
52W High
$281.45
52W Low
$146.98
5D Low
$239.90
Resistance levels (recent highs)
20d High
$248.47
60d High
$267.96
120d High
$281.45
250d High
$281.45
Next resistance
+3.6%
to 20d High
P/E (TTM)
17.7
Forward 11.2
Earnings Growth (YoY)
+92.0%
Revenue +34.8%
ROE
+20.8%
Profit margin +8.8%
Dividend Yield
0.85%
P/B 3.5

Steel Dynamics: quick answers

What stage is Steel Dynamics in?

As of Oct 22, 2026, Steel Dynamics (STLD) is in Stage 3, the topping phase. It entered Stage 3 on Oct 12, 2026 and is in week 2. What the four stages mean

Is Steel Dynamics in an uptrend?

Its uptrend has stalled. Steel Dynamics is in Stage 3, the topping phase that follows an advance. It trades 8.7% above its 200-day average, which is rising.

How far is Steel Dynamics from its 52-week high?

Steel Dynamics closed at $239.90 on Oct 22, 2026, 14.8% below its 52-week high of $281.45. Its 52-week low is $146.98.

How has Steel Dynamics performed over the past year?

As of Oct 22, 2026, Steel Dynamics is up 57.6% over the past year and up 37.3% so far in 2026.

Which sector and industry is Steel Dynamics in?

Steel Dynamics is in the Steel industry, part of the Materials sector.

About this companyMaterials· Steel

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large unequal leg angles, and reinforcing steel bars, 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. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, joist girders, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, property owners, brokers, and governmental entities. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.