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STLD Forecast

Bearish <—> Bullish

80% Confidence

Bullish Case: STLD's call volume surge suggests bullish sentiment. Stable implied volatility indicates potential price consolidation and upside with mean-reverting historical trends.

Bearish Case: Weak steel demand and macroeconomic challenges, including political uncertainties, pose downside risks. Rising volatility and flattening price trends highlight potential declines.

Potential Outcomes: 60% stagnation due to cyclical pressures; 30% upside with institutional interest; 10% downside from demand shocks.

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December 26, 2024

Steel Dynamics Forecast

STLD Steel Dynamics

Price Forecast
Future Uncertainty

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Correlated Assets

Assets that tend to move strongly with STLD

EMR Emerson Electric (0.74)

CG Carlyle (0.7)

XOP SPDR Oil & Gas Exploration and Production (0.69)

APH Amphenol (0.69)

GTLS Chart Industries (0.65)

Uncorrelated Assets

Assets with little price relationship to STLD

XRX Xerox (0.0)

ACN Accenture (-0.0)

SRPT Sarepta Therapeutics (-0.0)

ABR Arbor Realty (0.01)

X United States Steel (0.01)

Anticorrelated Assets

Assets that tend to move strongly against STLD

FXY Invesco CurrencyShares Japanese Yen (-0.46)

CNXC Concentrix (-0.47)

NKLA Nikola (-0.51)

LCID Lucid (-0.59)

NOVA Sunnova Energy International (-0.69)

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