Steel Dynamics (STLD) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for STLD · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$265.10last close · Aug 4, 202652-week range $119.89 – $288.74 · 8.19% below the high

STLD Rising Wedge Pattern

STLD is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $150.68 (−13.3%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; STLD's own rising wedges have hit 55.0%.

DirectionBearishTarget$150.68Projected move−13.3%Breakout level$170.02

New to this pattern? What a rising wedge is and how to trade it →

STLD's Most Recent Rising Wedge Trade

STLD's most recent completed rising wedge resolved as a loss: it broke down on Jan 7, 2026 near $169.04, then was stopped out at $179.83 on Jan 21, 2026 — a -1.28R move (6.4%) over 9 sessions. Across 153 backtested rising wedges, this setup wins 51.6% of the time.

OutcomeLossResult-1.28REntry$169.04Exit$179.83

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
STLD win rate
55.0%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

STLD Pattern Trade History

Every completed pattern trade our nightly backtest found on STLD's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJan 7, 2026 @ $169.04Jan 21, 2026 @ $179.83Loss-1.28R
Rising WedgeDec 30, 2025 @ $172.33Jan 21, 2026 @ $179.83Loss-1.24R
Rising WedgeDec 18, 2025 @ $175.78Feb 13, 2026 @ $191.68Win+1.59R
Rising WedgeOct 16, 2025 @ $145.65Oct 21, 2025 @ $153.82Loss-2.14R
Rising WedgeSep 16, 2025 @ $138.35Oct 10, 2025 @ $141.23Win+0.32R
Falling WedgeAug 22, 2025 @ $128.16Sep 24, 2025 @ $136.37Win+2.42R
Falling WedgeAug 13, 2025 @ $126.33Sep 12, 2025 @ $130.65Win+0.67R
Falling WedgeJul 30, 2025 @ $126.37Sep 16, 2025 @ $139.67Loss-1.41R
TriangleJul 24, 2025 @ $129.61Sep 16, 2025 @ $139.67Loss-1.63R
TriangleJul 8, 2025 @ $135.93Aug 1, 2025 @ $122.37Loss-1.41R
Rising WedgeJul 1, 2025 @ $126.62Oct 2, 2025 @ $144.39Loss-1.12R
Rising WedgeFeb 10, 2025 @ $133.72Mar 10, 2025 @ $119.40Loss-1.47R

STLD Support and Resistance Levels

Price was turned away at a ceiling near $332.04 about 7 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $210.51 — still about 21% away.

  • Traders commonly watch $210.51 as a target (its 61.8% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $332.04 ceiling about 7 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $264.68, resistance near $266.71. These are chart/swing-derived levels, not formula pivots.

Resistance
$266.71$281.34$289.98$338.46$372.03$416.89$494.97
Support
$264.68$158.92

STLD Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$264.00$267.21$253.60$265.10
Aug 3, 2026$255.72$258.53$245.12$258.38
Jul 31, 2026$255.23$255.23$250.30$251.26
Jul 30, 2026$255.08$255.31$248.03$252.50
Jul 29, 2026$265.19$265.55$250.92$252.34
Jul 28, 2026$250.30$261.40$250.00$259.74
Jul 27, 2026$246.49$250.84$244.88$250.27
Jul 24, 2026$240.94$247.68$239.21$247.11
Jul 23, 2026$240.47$246.43$238.19$240.57
Jul 22, 2026$235.83$241.55$234.94$238.64

STLD Frequently Asked Questions

What chart pattern is STLD forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Steel Dynamics (STLD) on the daily chart, with a measured-move target of $150.68.
Is a rising wedge bullish or bearish?
The rising wedge detected on STLD is a bearish pattern, projecting a measured-move target of $150.68. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for STLD?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), STLD's nearest support is around $264.68 and nearest resistance around $266.71.
What is the price target if STLD's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $150.68 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was STLD's closing price on Aug 4, 2026?
Steel Dynamics (STLD) last closed at $265.10 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.