Steel Dynamics(STLD)

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

Auto-detected technical analysis for STLD · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$238.64last close · Jul 22, 202652-week range $119.89 – $288.74 · 17.35% below the high

STLD Rising Wedge Pattern

STLD is currently forming a rising wedge on the daily timeframe. Detected Jul 22, 2026.

A rising wedge usually breaks lower, but STLD is breaking higher out of it instead — a notably bullish turn. A breakout projects a measured-move target near $198.29 (+10.6%). Across 10,660 backtested rising wedges, the setup followed through 50.4% of the time, averaging +0.20R; STLD's own rising wedges have hit 47.1%.

DirectionBullishTarget$198.29Projected move+10.6%Breakout level$181.75

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 (which broke against type) resolved as a win: it broke higher on Jan 30, 2026 near $182.56, then reached its target at $191.68 on Feb 13, 2026 — a 5.0% move (+0.74R) over 10 sessions. Across 102 backtested rising wedges, this setup wins 50.0% of the time.

OutcomeWinResult+5.0%R+0.74REntry$182.56Exit$191.68

Learn about rising wedge

How Rising Wedges Have Performed

Win rate

50.4%

Avg return

+0.20R

Backtested trades

10,660

STLD win rate

47.1%

Historical pattern statistics (1987-01-30 – 2026-07-13), 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.

Pattern	Entry	Exit	Outcome	Result
Rising Wedge	Jan 30, 2026 @ $182.56	Feb 13, 2026 @ $191.68	Win	+10.6% · +0.74R
Rising Wedge	Jan 6, 2026 @ $169.73	Jan 21, 2026 @ $179.83	Loss	+12.6% · -1.30R
Rising Wedge	Dec 30, 2025 @ $172.33	Jan 21, 2026 @ $179.83	Loss	+10.9% · -1.24R
Rising Wedge	Oct 16, 2025 @ $145.65	Oct 21, 2025 @ $153.82	Loss	+7.4% · -2.14R
Rising Wedge	Sep 16, 2025 @ $138.35	Oct 10, 2025 @ $141.23	Win	+6.4% · +0.32R
Falling Wedge	Aug 22, 2025 @ $128.16	Sep 24, 2025 @ $136.37	Win	+10.6% · +2.42R
Falling Wedge	Aug 13, 2025 @ $126.33	Sep 12, 2025 @ $130.65	Win	+8.3% · +0.67R
Falling Wedge	Jul 30, 2025 @ $126.37	Sep 16, 2025 @ $139.67	Loss	+9.3% · -1.41R
Triangle	Jul 24, 2025 @ $129.61	Sep 16, 2025 @ $139.67	Loss	+12.2% · -1.63R
Triangle	Jul 8, 2025 @ $135.93	Aug 1, 2025 @ $122.37	Loss	+17.3% · -1.41R
Triangle	Jul 1, 2025 @ $126.65	Sep 16, 2025 @ $139.67	Loss	+16.5% · -1.01R
Rising Wedge	Feb 11, 2025 @ $134.44	Mar 10, 2025 @ $119.40	Loss	+9.0% · -1.44R

Rising Wedge Examples on Other Charts

Historical examples from the published simulation. This selection is not a win-rate sample.

Open LIN’s live chart →

EWEdwards Lifesciences

Losing trade · −7.5%

Opened Jun 30, 2026

Closed Jul 20, 2026

Open EW’s live chart →

Open SPGI’s live chart →

BROBrown & Brown

Winning trade · +6.9%

Opened Jun 26, 2026

Closed Jul 15, 2026

Open BRO’s live chart →

Learn about rising wedge

STLD Support and Resistance Levels

Price was turned away at a ceiling near $247.90 about 3 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $162.16 — still about 32% away.

Traders commonly watch $162.16 as a target (its 100% 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 $247.90 ceiling about 3 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.

STLD Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$235.83	$241.55	$234.94	$238.64
Jul 21, 2026	$239.07	$239.99	$231.96	$233.52
Jul 20, 2026	$235.89	$237.37	$228.77	$230.49
Jul 17, 2026	$232.70	$236.33	$229.63	$235.51
Jul 16, 2026	$234.11	$237.78	$233.48	$234.98
Jul 15, 2026	$233.81	$236.95	$230.61	$235.56
Jul 14, 2026	$236.72	$238.65	$231.09	$233.35
Jul 13, 2026	$229.18	$237.14	$229.18	$234.14
Jul 10, 2026	$222.06	$229.24	$222.06	$228.42
Jul 9, 2026	$230.03	$230.50	$221.52	$222.06

STLD Frequently Asked Questions

What chart pattern is STLD forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a rising wedge on Steel Dynamics (STLD) on the daily chart, with a measured-move target of $198.29.

Is a rising wedge bullish or bearish?

The rising wedge detected on STLD is a bullish pattern, projecting a measured-move target of $198.29. 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 (10,660 trades over 628 symbols), it resolved in the expected direction 50.4% of the time with an average of +0.20R. These are historical statistics, not a prediction.

What is the price target if STLD's pattern breaks out?

The detected rising wedge has a geometry-based measured-move target of $198.29 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was STLD's closing price on Jul 22, 2026?

Steel Dynamics (STLD) last closed at $238.64 on Jul 22, 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.