Steel DynamicsSTLD

Steel Dynamics (STLD) chart patterns, support & resistance & technical analysis

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

$242.06last close · Sep 4, 202652-week range $129.41 – $288.74 · 16.17% below the high

STLD rising wedge pattern

STLD is currently forming a rising wedge on the daily timeframe. Detected Sep 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%).

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 win: it broke down on Aug 14, 2026 near $256.70, then reached its target at $240.67 on Aug 19, 2026 — a 6.2% move (+0.96R) over 3 sessions. Across 151,040 backtested rising wedges, this setup wins 37.9% of the time.

OutcomeWinResult+6.2%R+0.96REntry$256.70Exit$240.67

Learn about rising wedge

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 wedgeAug 14, 2026 @ $256.70Aug 19, 2026 @ $240.67Win+6.2% · +0.96R
Rising wedgeJun 17, 2026 @ $266.22Jun 29, 2026 @ $238.09Win+10.6% · +1.25R
Rising wedgeMar 3, 2026 @ $188.98Mar 13, 2026 @ $170.59Win+9.7% · +1.44R
Rising wedgeFeb 3, 2026 @ $192.92Feb 17, 2026 @ $190.80Loss+5.0% · -0.14R
Rising wedgeDec 15, 2025 @ $166.39Dec 18, 2025 @ $174.31Loss+4.7% · -1.00R
Rising wedgeOct 27, 2025 @ $158.04Dec 8, 2025 @ $165.35Win+3.1% · +0.74R
Rising wedgeOct 21, 2025 @ $155.30Nov 5, 2025 @ $151.64Loss+4.0% · -0.26R
Falling wedgeSep 16, 2025 @ $138.35Oct 13, 2025 @ $144.41Win+7.5% · +0.68R
TriangleSep 16, 2025 @ $138.35Oct 13, 2025 @ $144.41Win+6.8% · +0.68R
Rising wedgeSep 16, 2025 @ $141.75Oct 13, 2025 @ $144.41Win+2.8% · +0.22R
Falling wedgeSep 11, 2025 @ $136.36Nov 5, 2025 @ $151.64Win+11.7% · +2.37R
TriangleSep 5, 2025 @ $135.08Oct 13, 2025 @ $144.41Win+8.0% · +1.14R

Rising wedge examples on other charts

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

CARGCargurus
Winning trade · +9.6%
Opened Aug 17, 2026
Closed Sep 4, 2026
Open CARG’s live chart →
TSMTaiwan Semiconductor Manufacturing
Losing trade · −3.4%
Opened Sep 1, 2026
Closed Sep 4, 2026
Open TSM’s live chart →
XOPS&P Oil&Gas Exploration & Prod
Losing trade · −1.3%
Opened Sep 4, 2026
Closed Sep 4, 2026
Open XOP’s live chart →
BCBrunswick
Winning trade · +12.3%
Opened Jul 2, 2026
Closed Sep 3, 2026
Open BC’s live chart →

Learn about rising wedge

STLD support and resistance levels

Price is being turned away at a ceiling near $253.42 and starting to slide. On the weekly chart, the next floor below sits near $210.51 — about 13% 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 $253.42 ceiling just now, 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

DateOpenHighLowClose
Sep 4, 2026$245.87$246.67$240.52$242.06
Sep 3, 2026$250.25$251.88$244.66$246.03
Sep 2, 2026$236.90$248.38$235.89$247.64
Sep 1, 2026$229.12$236.11$229.04$234.09
Aug 31, 2026$235.37$237.87$231.93$232.62
Aug 28, 2026$237.14$239.37$232.02$234.67
Aug 27, 2026$234.51$236.44$232.11$235.84
Aug 26, 2026$231.43$236.94$230.73$235.90
Aug 25, 2026$230.74$232.39$227.68$231.08
Aug 24, 2026$235.64$244.25$227.51$229.27

STLD frequently asked questions

What chart pattern is STLD forming right now?
As of Sep 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.
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 Sep 4, 2026?
Steel Dynamics (STLD) last closed at $242.06 on Sep 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.