Is Steel Dynamics, Inc. technically bullish or bearish?

Jun 25 2025 08:21 AM IST
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As of June 17, 2025, Steel Dynamics, Inc. shows a mildly bullish trend, supported by a bullish weekly MACD and daily moving averages, despite mixed signals from the monthly MACD and KST.
As of 17 June 2025, the technical trend for Steel Dynamics, Inc. has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive outlook, while the monthly MACD is mildly bearish, indicating some caution. The RSI on a monthly basis is bullish, which adds to the strength of the bullish stance. Daily moving averages are also mildly bullish, reinforcing the upward momentum. However, the KST shows a bullish signal on the weekly but is mildly bearish on the monthly, suggesting mixed signals. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and the daily moving averages.
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