Is Steel Dynamics, Inc. technically bullish or bearish?

Oct 05 2025 11:44 AM IST
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As of October 3, 2025, Steel Dynamics, Inc. has a bullish technical trend supported by strong weekly indicators, despite some caution from monthly signals, and has outperformed the S&P 500 with a year-to-date return of 27.19%.
As of 3 October 2025, the technical trend for Steel Dynamics, Inc. has changed from mildly bullish to bullish. The weekly MACD is bullish, supported by bullish signals from the Bollinger Bands and daily moving averages. However, the monthly MACD and KST are mildly bearish, indicating some caution in the longer term. The Dow Theory shows a mildly bullish stance on both weekly and monthly time frames.

In terms of performance, Steel Dynamics has outperformed the S&P 500 across multiple periods, with a year-to-date return of 27.19% compared to the S&P 500's 14.18%. Overall, the current technical stance is bullish, with strong indicators on the weekly timeframe driving this outlook.
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Our weekly and monthly stock recommendations are here
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