Is Steel Dynamics, Inc. technically bullish or bearish?

Sep 20 2025 07:09 PM IST
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As of September 3, 2025, Steel Dynamics, Inc. shows a mildly bullish trend supported by strong weekly indicators and solid performance, with a year-to-date return of 22.59% compared to the S&P 500's 12.22%.
As of 3 September 2025, the technical trend for Steel Dynamics, Inc. has changed from sideways to mildly bullish. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands indicate bullish conditions. However, the monthly MACD and KST are mildly bearish, suggesting some caution. The daily moving averages are bullish, supporting the overall mildly bullish stance.

In terms of performance, Steel Dynamics has outperformed the S&P 500 across multiple periods, with a year-to-date return of 22.59% compared to the S&P 500's 12.22%, and a 5-year return of 336.59% versus 96.61% for the index. Overall, the current technical stance is mildly bullish, driven by strong weekly indicators and solid multi-period returns.
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