STLD technical analysis
STLD Technical Analysis
Analysis date
August 5, 2026
Market
NasdaqGS (USD)
Daily cutoff
August 4, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
STLD Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- STLD
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- August 4, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 265.10 | August 4, 2026 | - | Verified |
| Verification series | 265.17 | August 4, 2026 | 0.03% | Verified |
Bottom line
STLD Technical Analysis Summary
STLD has recovered strongly from its recent correction. On the daily chart, price at 265.10 trades above SMA20 (241.64), SMA50 (249.41), and SMA200 (198.87), with a positive MACD histogram at 3.09 and RSI at 66.25 signaling improving upward momentum. The daily RSI is approaching overbought after a sharp 15.45% gain over the past 20 sessions. On the weekly chart, price at 251.26 holds above SMA20 (227.37), SMA50 (187.79), and SMA200 (132.98) in a bullish alignment, though the weekly MACD histogram is mildly negative at -1.84, indicating momentum that has cooled after a strong run. Key support sits at 221.52 (20-day low) and 216.36 (60-day low). Near-term resistance is the 20-day high near 267.21, with the 52-week high of 288.09 above it. A sustained break above 267.21 would open a move toward 288.09, while a close below 221.52 would suggest renewed weakness.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 4, 2026)
- Trend
- Bullish-leaning mixed. Price at 265.10 trades above SMA20 (241.64), SMA50 (249.41), and SMA200 (198.87). The SMA20 remains just below SMA50 as it recovers from the pullback, while SMA200 continues to slope upward. Price has reclaimed the short-term averages, signaling a return to strength within the longer-term uptrend.
- Momentum
- Bullish. RSI14 at 66.25 is above the 50 midline and approaching overbought territory. MACD at 4.79 is above the signal at 1.70 with a positive histogram of 3.09, confirming improving upward momentum after the recent correction.
- Volatility
- Moderate. ATR14 at 9.13 (3.45% of price) reflects normal daily ranges. Price sits at the upper Bollinger Band (218.16 to 265.11), consistent with an expansion leg during the recovery.
- Volume
- Above average. Latest volume of 1,617,976 is 1.37x the 20-period average (1,184,704), confirming active participation in the upside move.
Assessment
The daily chart shows STLD reclaiming its short-term moving averages after a multi-week pullback from the 52-week high near 288. Price is above SMA20, SMA50, and SMA200 with a positive MACD histogram and an RSI that is strong but not yet overbought. Above-average volume confirms the advance. Key support sits at the 20-day low of 221.52 and the 60-day low of 216.36. A push above the 20-day high near 267.21 would clear the near-term resistance shelf toward the 52-week high.
Weekly (July 27, 2026 week)
- Trend
- Bullish. Price at 251.26 is above SMA20 (227.37), SMA50 (187.79), and SMA200 (132.98). All major moving averages are in a bullish alignment with SMA20 above SMA50 above SMA200, and each continues to slope upward, confirming a mature multi-year uptrend.
- Momentum
- Neutral-to-bullish. RSI14 at 61.58 is in bullish territory above the 50 midline. MACD at 17.48 sits slightly below the signal at 19.31 with a mildly negative histogram of -1.84, showing momentum cooled after a strong advance but remains firmly positive.
- Volatility
- Elevated. ATR14 at 18.21 (7.25% of price) reflects wide weekly swings typical of a volatile steel stock. Weekly Bollinger Bands (164.80 to 289.93) show an expanding range consistent with a strong multi-year uptrend.
- Volume
- Near average. Weekly volume of 6,060,600 is 1.04x the 20-week average (5,826,225), at normal participation levels.
Assessment
The weekly chart maintains a solid bullish structure with price above all key SMAs and the SMA200 sloping firmly upward. Weekly momentum has softened with the MACD histogram mildly negative, but RSI at 61.58 leaves room before overbought. The 52-week position at 78.29% reflects strength with headroom to the highs. Price has gained roughly 363% over the past year on a weekly basis, and a sustained hold above the 20-week SMA at 227.37 would keep the multi-year uptrend intact.
Key indicators
STLD Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 66.25 | 61.58 |
| MACD (12, 26, 9) | 4.79 / 1.70 / 3.09 | 17.48 / 19.31 / -1.84 |
| ATR (14) | 9.13 (3.45%) | 18.21 (7.25%) |
| Bollinger Bands (20, 2) | 218.16 - 265.11 | 164.80 - 289.93 |
| SMA (20) | 241.64 | 227.37 |
| SMA (50) | 249.41 | 187.79 |
| SMA (200) | 198.87 | 132.98 |
Price structure
STLD Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 265.10 | 251.26 |
| 1-Period Return | +2.60% | +1.68% |
| 5-Period Return | +2.06% | +2.58% |
| 20-Period Return | +15.45% | +48.07% |
| 60-Period Return | +14.07% | +91.10% |
| 252-Period Return | +119.23% | +362.80% |
| 52-Week Low | 118.47 | 118.47 |
| 52-Week High | 288.09 | 288.09 |
| 52-Week Position | 86.45% | 78.29% |
Key levels
STLD Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 267.21 | 288.09 |
| 20-Period Low | 221.52 | 161.29 |
| 60-Period High | 288.09 | 288.09 |
| 60-Period Low | 216.36 | 118.47 |
Scenarios
STLD Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price clears the 20-day high near 267.21 with above-average volume and targets the 52-week high at 288.09.
Invalidation
Price falls back below SMA20 at 241.64.
What to watch
RSI pushing toward 70; MACD histogram expanding on the daily chart; sustained closes above 267.21.
Range-Bound
Trigger
Price oscillates between SMA20 support near 241.64 and the 20-day high resistance near 267.21.
Invalidation
A decisive break of either boundary with increasing volume.
What to watch
RSI hovering between 55 and 70; volume normalizing toward the 20-period average; price holding above 241.64.
Bearish
Trigger
Price breaks below the 20-day low at 221.52 with rising volume, targeting the 60-day low at 216.36.
Invalidation
Price reclaims SMA50 at 249.41 and holds above it.
What to watch
Sustained closes below 221.52; MACD histogram turning negative; RSI falling below 50.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 4, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 4, 2026, weekly July 27, 2026 week. Generated August 5, 2026.
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