STLD Steel Dynamics, Inc.
Trend channel, buy level and 3-month target. Information only, not financial advice.
Inside the channel · 3-year channel rising
Price is between the lines.
- 3-year channel
- US$227.96 – US$334.79 · rising, +30% a year
- Price in channel
- 21% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$334.79
- Turns bearish below
- US$227.96
What broke this trend
- The fall
- -22% from US$282.0212 June 2026 → 20 Aug 2026
- Whose problem it was
- This company0 of 2 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 43%of what it lost
- What the record says
- 90% of 996 comparable falls came back, typically in 63 days measured across every stock we hold history for, its peer group being too small
Fell -22% (12 June 2026 → 20 Aug 2026); regained 43% so far; company-specific.
Buy and target use the recovery path, not the channel.
Reported at the time: JP Morgan Maintains Neutral on Steel Dynamics, Raises Price Target to $262 — 10 June 2026
Price history, with the path projected 3 months forward
Updated 2:40 PM ET (45 h ago)
- Daily close
- Upper trend line (3 years)
- Lower trend line (3 years)
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$246.27
level as at 1 Nov 2026
Our target
US$284.66
by 12 Feb 2027
Projected move
15.6%
gross, before costs
Price is between our buy and target.
Target: recovery of the recent fall.
This move size: reached in 58% of 19 past stretches, typically in 103 days. (0.15% per day)
- Upper line touches
- 3
- Lower line touches
- 5
- Fit confidence
- 28%
- Fitted
- 1 Nov 2026
Company information
About STEEL DYNAMICS INC
STEEL DYNAMICS INC is a US-listed company, classified under Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens), with principal offices in FORT WAYNE, IN.
- Sector
- Basic Materials
- Industry
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- Country
- United States
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.