Steel Dynamics Stock Forecast - Triple Exponential Smoothing
| STLD Stock | USD 172.74 0.91 0.53% |
The Triple Exponential Smoothing forecasted value of Steel Dynamics on the next trading day is expected to be 172.43 with a mean absolute deviation of 2.65 and the sum of the absolute errors of 156.15. 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.
At the present time, The relative strength momentum indicator of Steel Dynamics' share price is at 51. This usually implies that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Steel Dynamics, making its price go up or down. Momentum 51
Impartial
Oversold | Overbought |
Quarterly Earnings Growth 0.337 | EPS Estimate Next Quarter 2.5221 | EPS Estimate Current Year 8.2593 | EPS Estimate Next Year 13.4132 | Wall Street Target Price 183.0839 |
Using Steel Dynamics hype-based prediction, you can estimate the value of Steel Dynamics from the perspective of Steel Dynamics response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Steel Dynamics using Steel Dynamics' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Steel using crowd psychology based on the activity and movement of Steel Dynamics' stock price.
Steel Dynamics Short Interest
A significant increase or decrease in Steel Dynamics' short interest from the previous month could be a good indicator of investor sentiment towards Steel. Short interest can provide insight into the potential direction of Steel Dynamics stock and how bullish or bearish investors feel about the market overall.
200 Day MA 138.9653 | Short Percent 0.0266 | Short Ratio 2.71 | Shares Short Prior Month 3.2 M | 50 Day MA 163.3214 |
Steel Dynamics Hype to Price Pattern
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.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Steel Dynamics' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Steel Dynamics.
Steel Dynamics Implied Volatility | 0.49 |
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.
The Triple Exponential Smoothing forecasted value of Steel Dynamics on the next trading day is expected to be 172.43 with a mean absolute deviation of 2.65 and the sum of the absolute errors of 156.15. Steel Dynamics after-hype prediction price | USD 172.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Steel Dynamics to cross-verify your projections. Open Interest Against 2026-03-20 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.
Steel Dynamics Additional Predictive Modules
Most predictive techniques to examine Steel price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Steel using various technical indicators. When you analyze Steel charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Steel Dynamics Triple Exponential Smoothing Price Forecast For the 7th of January
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Steel Dynamics on the next trading day is expected to be 172.43 with a mean absolute deviation of 2.65, mean absolute percentage error of 12.59, and the sum of the absolute errors of 156.15.Please note that although there have been many attempts to predict Steel Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Steel Dynamics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Steel Dynamics Stock Forecast Pattern
| Backtest Steel Dynamics | Steel Dynamics Price Prediction | Buy or Sell Advice |
Steel Dynamics Forecasted Value
In the context of forecasting Steel Dynamics' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Steel Dynamics' downside and upside margins for the forecasting period are 170.52 and 174.35, respectively. We have considered Steel Dynamics' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Steel Dynamics stock data series using in forecasting. Note that when a statistical model is used to represent Steel Dynamics stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.4406 |
| MAD | Mean absolute deviation | 2.6466 |
| MAPE | Mean absolute percentage error | 0.0167 |
| SAE | Sum of the absolute errors | 156.1511 |
Predictive Modules for Steel Dynamics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Steel Dynamics. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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.
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 | 1.51 | |||
| Semi Deviation | 1.56 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.71 | |||
| Downside Variance | 3.37 | |||
| Semi Variance | 2.43 | |||
| Expected Short fall | (1.64) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Metals & Mining space 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 0.337 | Dividend Share 1.96 | Earnings Share 7.54 | Revenue Per Share | Quarterly Revenue Growth 0.112 |
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.