Stand aside — setup invalidated
Setup score 87, but distribution days reach 5 or more — stand aside until the condition resets.
Simple research view
STLD · Steel Dynamics, Inc.
$237.55 -1.65% Oct 26 close
Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.
$STLD
Steel Dynamics, Inc.Steel Dynamics, Inc. is a large-cap Steel company in the Non-Energy Minerals sector with a market cap of $34B.
Market Structure
Trend structure: range
Latest event: structure_shift
(bearish)
Support
228.77–229.24
· 4 touches · moderate
Support
184.94–185.56
· 3 touches · moderate
Resistance
237.76–238.85
· 3 touches · moderate
Support
218.02–219.10
· 3 touches · moderate
Resistance
243.73–245.18
· 3 touches · moderate
Verdict · setup score 87/100 · data Oct 26 close · latest session
Stand aside — setup invalidated
Setup score 87, but distribution days reach 5 or more — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 2. Revenue growth ≥ 20% YoY — +3.6% YoY
- Minervini 4. Breakout volume ≥ 40% above average
- O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 75
- O'Neil N: Near 52-week high or RS line new high — 17.7% below high | RS line new high: False
- Weinstein Volume expansion above average — Volume ratio 1.38x
- Dennis S1: 20-day Donchian breakout
Minority view — the council disagrees here
- Minervini: watch Trend-template read: 11/13 pass; wait for the soft misses to improve.
- O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
- Weinstein: watch Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.
68
Strong
Legend Score · rates the stock
Strong (68/100) — held back by eps growth
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 76
- Trend Template (25%) 100
- Institutional Footprint (20%) 62
- EPS Growth (15%) 30
- Quality (SMR-like) (15%) 44
RS rank 75: above-average strength. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 62: mild accumulation. EPS up +0% — growing, but below the 25% leadership bar. Quality 44: weak fundamentals (sales growth 30, return on equity 41, leverage 100). Updated 2026-10-27.
Earnings
Normal technical setup
Next earnings
Monday, October 19, 2026
After market close
Exact clock time not supplied by source
Deterministic evidence
Reported EPS 5.26 vs estimate 5.5171 · surprise -4.7%
STLD-1.65%
Sector proxy · XLB+0.14%
Broad market · SPY+0.71%
Session internals Mixed
Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.
Vs prior close-1.65%
From the open-1.80%
Range position46%
GapNo gap
QQQ confirmationDiverging (+1.11%)
SMH confirmationDiverging (+2.74%)
Short-term conviction -1 points.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
- QQQ, SMH moved against the stock — no index confirmation.
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$150.03
Tight Wks
0
Base
B2
SMA 200
$222.26
RS Line vs High
-18.6%
RS Line Slope
+6.9% ▲
Group Rank
#22/66
ADR%
3.3%
ATR(14)
$8.31 (3.5%)
Vol Pace (live)
N/A
A/D Days
12A / 11D
A/D Rating
B
VDU Bars
0/10 d
Earnings
past
STLD Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$STLD · $237.55 · as of 2026-10-26 · multi-factor read
72
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▲ Uptrend
Weekly
▬ Sideways / consolidating
Monthly
▬ Sideways / consolidating
Moving Averages
50-day$237.04 ↑
100-day$243.61 ↓
200-day$222.26 ↑
Bullish (50 > 200)
RSI (14)
Reading48.3 · Neutral
Neutral — momentum is balanced between buyers and sellers.
MACD (12/26/9)
StateBullish
Histogram+0.270
Bullish — MACD above its signal line and above zero. Histogram contracting.
Bollinger Bands (20,2)
%B / Width51% · 12.2%
Mid-band — no directional band edge in play.
Volume · Buyer vs Seller
Up/Down vol1.07 · Neutral
Rel volume1.38×
Pocket pivots · 10d1
5d vs 50d vol118%
Heavy vol up / down0 / 1
Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.
- Pocket pivot 5 sessions ago — up-day volume beat every down day of the prior 10 sessions.
- 1 heavy-volume down day vs 0 up in the last 20 sessions — supply is showing.
Support & Resistance
R · $245.78swing level
R · $251.88swing level
R · $273.36swing level
Price · $237.55now
S · $228.77swing level
S · $218.61swing level
S · $150.0352-week low
Fibonacci · Downtrend swing
23.6%$233.44
38.2%$244.01
50.0%$252.55
61.8%$261.09
78.6%$273.25
Retracement resistance zones measured from the recent swing high down to the low.
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Daily uptrendAbove 200-day MA50/200 bullish
Want this read in a legend's voice?
Ask a Legend about STLD
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (87/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
7 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Watch
B
Trend-template read: 11/13 pass; wait for the soft misses to improve.
partialEnter on break of $239.20 pivot with stop at $226.74 (risk 5.2%). SEPA Grade B (4/7).
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $237.55, MA150 $234.98, MA200 $222.26
1.2 150-day MA > 200-day MAMA150 $234.98 vs MA200 $222.26
Failing evidence
2. Revenue growth ≥ 20% YoY+3.6% YoY
4. Breakout volume ≥ 40% above averageNot confirmed
O'Neil
Avoid
D
CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
partialRule check says AVOID (3/8 checks passed) — CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
Passing evidence
C: Quarterly EPS acceleration ≥ 25%+32.7% QoQ
A: Annual earnings & revenue qualityRev +3.6% | ROE 17.6%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 75
N: Near 52-week high or RS line new high17.7% below high | RS line new high: False
Weinstein
Watch
B
Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.
mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $237.55 vs MA200 $222.26
Failing evidence
Volume expansion above averageVolume ratio 1.38x
dennis
Watch
B
Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $219.10
Volatility-unit sizing (1N ≈ 1% of equity)1N = $8.48 (3.57% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
zanger
Avoid
C
Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Not extended (≤5% above the breakout point)Measured as passing
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $273.18-$285.06; trail the rest
Failing evidence
Named Zanger pattern onlyDescending Triangle is not one of Zanger's six
Breakout volume 1.5-2.0x averageNot confirmed
zweig
Watch
B
Zweig read: part of his screen passes but not all: Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
EPS growth above the market (≥15% QoQ)+32.7% QoQ — Zweig wants growth above the S&P average
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 29.7x — no PEG or forward P/E stored
Failing evidence
Insider buyingNo insider buying flagged
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
Livermore
Watch
B
Pivotal-point read: 5/6 structural checks pass; awaiting volume confirmation.
mediumTrend is your friend. Descending Triangle continuation — trade in the direction of least resistance. RS score 75.
Passing evidence
Price$237.55
Relative strengthRS 75
Failing evidence
Pivotal point cleared on expanding volumeNot confirmed
Darvas
Watch
B
Box-theory read: 5/6 structural checks pass; awaiting volume confirmation.
Passing evidence
Price$237.55
Relative strengthRS 75
Failing evidence
Box top broken on heavy volumeNot confirmed
Wyckoff
Watch
B
Supply-and-demand read: 5/6 structural checks pass; awaiting volume confirmation.
Passing evidence
Price$237.55
Relative strengthRS 75
Failing evidence
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
Latest candle: Bearish Engulfing — Today's down candle engulfs yesterday's up candle — a bearish reversal warning, most significant after an extended advance.
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▲ Rising
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +1
Fundamentals & leadership quality — Minervini’s published criteria · 4/7 met
B
4/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
+33%
Revenue growth ≥20% YoY
+4%
Gross margin ≥30%
15%
ROE ≥17%
18%
RS rating ≥80 (leadership)
75
Stage 2 uptrend (Weinstein)
Stage 2
Within 25% of 52W high
-17.7%
Method Playbook
Trade it like O'Neil
EXACT LEVELS · PRO
O'Neil D · Avoid — The deterministic methodology check is Avoid; wait until the blocking criteria are resolved.
Pivot
Pro levelPublished-method rule: Use the proper base pivot or handle high after CANSLIM leadership and market-direction checks are satisfied.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Require a breakout through the pivot on volume at least 40% above average; the valid buy zone ends 5% above the pivot.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Use the setup's structural stop with a hard 7–8% maximum-loss ceiling from the actual entry.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Protect progress under constructive support such as the 21-day or 10-week line; a stop may ratchet higher but never lower.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit on the hard loss limit, a decisive support break, or a rule-based climax/distribution signal; a normal 20–25% advance is reviewed rather than assumed permanent.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Forming Patterns (predictive — not confirmed)
Head & Shoulders
bearish
forming
75%
built
Possible head & shoulders top — not confirmed. Watch for a daily close below ~216.36 (neckline) to confirm, with measured-move risk toward ~143.98. A push back above 273.36 weakens the pattern; reclaiming 288.74 invalidates it.
Confirms below
216.36
Invalidates at
288.74
Left Shoulder
280.49
Head
288.74
Right Shoulder
273.36
Neckline
216.36
Target
143.98
LS 280.49 / head 288.74 / RS 273.36, neckline ~216.36, vol_fading=yes
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
Pattern Analysis
87
setup score
RS Score
75
Trend template
8/8 ✓
CANSLIM
76.3* (B)
high slope: -0.002322
low slope: 0.000179
pattern bars: 77
tighten ratio: 0.189
apex bars ahead: 27.7
apex price: 221.04
state: breakout
direction: bullish
pattern height: 68.9
ma len: 200
ma value: 222.26
under ma: -0.0688
ma rising: ✗
near ma: ✓
ma touch bar ago: 119
triangle volume ratio: 0.88
volume dry up: ✗
signal volume ratio: 1.47
depth: 0.0712
geometry: {'resistance_rail': {'start': {'bar': 27, 'bars_ago': 92, 'price': 288.74, 'date': '2026-06-15'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 236.6943, 'date': '2026-10-26'}}, 'support_rail': {'start': {'bar': 39, 'bars_ago': 80, 'price': 216.36, 'date': '2026-07-02'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 219.8394, 'date': '2026-10-26'}}, 'apex': {'bar': 146.67, 'bars_ago': -27.67, 'price': 221.0427, 'date': '2026-11-22'}, 'breakout_bar': {'bar': 115, 'bars_ago': 4, 'price': 244.37, 'date': '2026-10-20'}, 'breakout_level': 238.9571, 'ma_line': {'label': '200-day SMA', 'start': {'bar': 109, 'bars_ago': 10, 'price': 218.7762, 'date': '2026-10-12'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 222.2588, 'date': '2026-10-26'}}, 'ma_touch_bar': {'bar': 0, 'bars_ago': 119, 'price': 241.85, 'date': '2026-05-06'}, 'ma_value': 222.26}
confidence kind: heuristic_match
detector version: descending_triangle/2026-09-27
findings: ['Resistance falling -0.23%/day into flat support (+0.02%/day) — sellers pressing, buyers defending', 'Rails tighten to 19% of the starting range; apex 28 bars ahead', 'Uptrend context: close $237.55 vs 200-day SMA $222.26 (-6.9%)', 'Pressing into the 200-day SMA — closest touch (2026-05-06) at $241.85', 'BREAKOUT above $238.96']
not falling wedge: ✓
not falling wedge reason: no prior-downtrend requirement — this is an uptrend correction pressing into the long MA, the shape the Falling Wedge detector explicitly rejects
validation reason: valid generic setup
multi tf evaluated: ✓
multi tf reason: weekly trend template 7/8 confirmed + weekly coiling
Why This Setup?
D+W Confluence
Descending Triangle · schematic
Descending Triangle (breakout, bullish): resistance falling -0.23%/day into flat support near $219.84, squeezing into the 200-day SMA ($222.26) inside an uptrend. Broke out above $238.96. Research/educational only, not a buy/sell recommendation. | Strong trend (8/8) | Good RS (75) | High-confidence pattern (91%) | Stage 2 | Recent gap-up (5d ago) | Readiness 80/100 (approaching) | CANSLIM 76.3 (B)
Partial Move
⚠ Not actionable yet
55
setup score
RS Score
75
Trend template
8/8 ✓
CANSLIM
73.1* (B)
predictor: ✓
predicted direction: down
probability: 0.67
retrace pct: 55.9
formation low: 218.02
formation high: 273.36
volume ratio: 1.15
depth pct: 20.24
validation reason: valid generic setup
multi tf evaluated: ✓
multi tf reason: weekly trend template 7/8 confirmed
Why This Setup?
D+W Confluence
Partial Move · schematic
Partial rise stalled at 55.9% of range (218.02–273.36) without touching the top; predicts downward break ~67% of the time. Predictor — breakout not confirmed. | Strong trend (8/8) | Good RS (75) | Moderate pattern (67%) | Stage 2 | Recent gap-up (5d ago) | Readiness 64/100 (early) | CANSLIM 73.1 (B) | ⚠ Not actionable yet
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
4/7
universals met
- A relative-strength leader — not met RS rank 47 — laggard
- Clear of earnings — not met in -8 days — event risk
- Volume confirms — partly met 1.4× average — light
- Asymmetric reward — met Met — levels are a Pro detail
- In a confirmed uptrend — met Stage 2 · Trend template 8/8
- Not chasing (in range) — met Met — levels are a Pro detail
- Risk is defined — met Met — levels are a Pro detail
Minervini Trend Template
8/8 ✓Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$237.55 vs SMA150 $234.98 / SMA200 $222.26
SMA 150 above SMA 200
SMA150 $234.98 vs SMA200 $222.26
SMA 200 trending up
Slope +6.47 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $237.04
Price above SMA 50
$237.55 vs SMA50 $237.04
30%+ above 52-week low
+58.3% from $150.03
Within 25% of 52-week high
-17.7% from $288.74
RS score above 70
RS 75
Fundamentals
52W Range
63%
Mkt Cap SEC
33.8B
EPS QoQ
+33%
Rev YoY
+4%
ROE
18%
Gross Margin
15%
D/E
0.47
EPS TTM
$7.99
P/E TTM
29.7x
Float
142M
Insider
No Buy
Company
Company profile
Steel Dynamics, Inc.
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B
76.3* CANSLIM
* disqualified on M
C · Curr. EPS
100
A · Annual EPS
70
N · New Highs
40
S · Supply/Demand
100
L · Leader RS
75
I · Inst. Spons.
100
M · Market
30
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
7/8
W. RS
72
W. Support
$216.36
W. Resist
$288.74
W. Patterns
Symmetrical Triangle
Weekly Structure
Trend
Neutral
Tight Weeks
0
Confirmation
Neutral
Scan History
20× streakOct 27
Descending Triangle
✓ Gate
87
Oct 26
Trend Only
✓ Gate
83
0.0%
Oct 23
Descending Triangle
✓ Gate
90
-1.6%
Oct 23
Pocket Pivot
✓ Gate
89
-1.6%
Oct 23
Descending Triangle
✓ Gate
88
-1.6%
Latest News
Headlines for STLDLoading headlines…
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