Steel Dynamics Stock Forecast - Market Facilitation Index
| STLD Stock | USD 136.07 2.86 2.06% |
Steel Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Steel Dynamics stock prices and determine the direction of Steel Dynamics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Steel Dynamics' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Steel Dynamics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Steel Dynamics' systematic risk associated with finding meaningful patterns of Steel Dynamics fundamentals over time.
Check out Historical Fundamental Analysis of Steel Dynamics to cross-verify your projections. Steel |
Open Interest Against 2024-04-19 Steel Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Steel Dynamics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Steel Dynamics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Steel Dynamics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Steel Dynamics' open interest, investors have to compare it to Steel Dynamics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Steel Dynamics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Steel. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Steel Dynamics cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Steel Dynamics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Steel Dynamics' price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check Steel Dynamics Volatility | Backtest Steel Dynamics | Information Ratio |
Steel Dynamics Trading Date Momentum
| On April 19 2024 Steel Dynamics was traded for 136.07 at the closing time. The top price for the day was 140.00 and the lowest listed price was 135.26 . There was no trading activity during the period 0.0. Lack of trading volume on April 19, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 2.89% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
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Other Forecasting Options for Steel Dynamics
For every potential investor in Steel, whether a beginner or expert, Steel Dynamics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Steel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Steel. Basic forecasting techniques help filter out the noise by identifying Steel Dynamics' price trends.Steel Dynamics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Steel Dynamics stock to make a market-neutral strategy. Peer analysis of Steel Dynamics could also be used in its relative valuation, which is a method of valuing Steel Dynamics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Steel Dynamics Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Steel Dynamics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Steel Dynamics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Steel Dynamics Market Strength Events
Market strength indicators help investors to evaluate how Steel Dynamics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steel Dynamics shares will generate the highest return on investment. By undertsting and applying Steel Dynamics stock market strength indicators, traders can identify Steel Dynamics entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0339 | |||
| Daily Balance Of Power | (0.60) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 137.63 | |||
| Day Typical Price | 137.11 | |||
| Market Facilitation Index | 4.74 | |||
| Price Action Indicator | (2.99) | |||
| Period Momentum Indicator | (2.86) | |||
| Relative Strength Index | 91.41 |
Steel Dynamics Risk Indicators
The analysis of Steel Dynamics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Steel Dynamics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting steel stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.16 | |||
| Semi Deviation | 1.1 | |||
| Standard Deviation | 1.6 | |||
| Variance | 2.55 | |||
| Downside Variance | 2.12 | |||
| Semi Variance | 1.2 | |||
| Expected Short fall | (1.27) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Steel Dynamics Investors Sentiment
The influence of Steel Dynamics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Steel. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Steel Dynamics' public news can be used to forecast risks associated with an investment in Steel. The trend in average sentiment can be used to explain how an investor holding Steel can time the market purely based on public headlines and social activities around Steel Dynamics. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Steel Dynamics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Steel Dynamics' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Steel Dynamics' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Steel Dynamics.
Steel Dynamics Implied Volatility | 54.8 |
Steel Dynamics' implied volatility exposes the market's sentiment of Steel Dynamics stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Steel Dynamics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Steel Dynamics stock will not fluctuate a lot when Steel Dynamics' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Steel Dynamics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Steel Dynamics' short interest history, or implied volatility extrapolated from Steel Dynamics options trading.
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When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Steel Dynamics to cross-verify your projections. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Steel Stock analysis
When running Steel Dynamics' price analysis, check to measure Steel Dynamics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steel Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.
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Is Steel Dynamics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Dynamics. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 1.7 | Earnings Share 14.64 | Revenue Per Share 112.85 | Quarterly Revenue Growth (0.12) |
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.