Auto-detected technical analysis for STLD · data as of Jun 25, 2026. The chart above is live; the read below updates daily.
$251.00last close · Jun 25, 2026
STLD Rising Wedge Pattern
No chart pattern is currently detected on STLD. The most recent was a Rising Wedge, detected Jan 6, 2026.
A Rising Wedge is a breakdown that suggests the recent run may be rolling over. It projects a measured-move target near $152.63 (−12.8%). Across 14,154 backtested rising wedges, the setup followed through 49.3% of the time, averaging +0.13R; STLD's own rising wedges have hit 45.2%.
STLD's most recent completed Rising Wedge resolved as a loss: it broke down on Jan 7, 2026 near $167.83, then was stopped out at $175.11 on Jan 15, 2026 — a -1.42R move (4.3%) over 6 sessions. Across 120 backtested rising wedges, this setup wins 50.0% of the time.
OutcomeLossResult-1.42REntry$167.83Exit$175.11
How Rising Wedges have performed
Win rate
49.3%
Avg return
+0.13R
Backtested trades
14,154
STLD win rate
45.2%
Historical pattern statistics (1986-12-18 – 2026-06-11), not a prediction.
STLD support and resistance levels
The weekly read is leaning lower. Price ran up into a ceiling near $258.45 about a week ago, and the rules still favor a move lower from here.
What started it: Price only had to touch that ceiling at some point during the week — it didn't need to close there.
What would call it off: Two weekly closes back above $261.03 — a touch above the $258.45 ceiling, the room the read is given before it's wrong.
Where it has room to go: There's room toward its measured target — the first price below where the move is likely to pause.
It's already come a long way in that direction.
Nearest auto-detected support sits near $245.15, resistance near $284.76. These are chart/swing-derived levels, not formula pivots.
Resistance
$284.76$302.96$464.01
Support
$245.15$165.72
STLD recent daily prices
Date
Open
High
Low
Close
Jun 25, 2026
$243.53
$251.20
$241.13
$251.00
Jun 24, 2026
$243.61
$245.17
$239.52
$241.43
Jun 23, 2026
$246.25
$248.72
$242.68
$243.69
Jun 22, 2026
$250.36
$253.50
$249.28
$250.98
Jun 18, 2026
$261.90
$261.99
$248.05
$249.91
Jun 17, 2026
$272.33
$276.39
$265.20
$270.13
Jun 16, 2026
$273.85
$278.97
$272.20
$274.29
Jun 15, 2026
$288.03
$288.74
$270.51
$272.19
Jun 12, 2026
$283.74
$285.88
$279.65
$282.76
Jun 11, 2026
$271.99
$281.59
$270.53
$279.55
STLD frequently asked questions
What chart pattern is STLD forming right now?
No pattern is currently detected on STLD. The most recent was a Rising Wedge, detected Jan 6, 2026.
Is a Rising Wedge bullish or bearish?
The Rising Wedge detected on STLD is a bearish pattern, projecting a measured-move target of $152.63. 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 (14,154 trades over 516 symbols), it resolved in the expected direction 49.3% of the time with an average of +0.13R. 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 Jun 25, 2026), STLD's nearest support is around $245.15 and nearest resistance around $284.76.
What is the price target if STLD's pattern breaks out?
The detected Rising Wedge has a geometry-based measured-move target of $152.63 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was STLD's closing price on Jun 25, 2026?
Steel Dynamics (STLD) last closed at $251.00 on Jun 25, 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.
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