Is Steel Dynamics, Inc. technically bullish or bearish?

Oct 06 2025 11:59 AM IST
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As of October 3, 2025, Steel Dynamics, Inc. shows a bullish technical trend with strong indicators, despite some caution from monthly metrics, and has outperformed the S&P 500 year-to-date with a 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, and both the weekly and monthly Bollinger Bands are bullish, indicating positive momentum. Daily moving averages also confirm a bullish stance. However, the monthly MACD and KST are mildly bearish, suggesting some caution. The Dow Theory shows a mildly bullish trend 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 supporting this view.
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