NUCOR CORP (NUE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NUE - US6703461052 - Common Stock
We assign a technical rating of 10 out of 10 to NUE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NUE is showing a nice and steady performance.
Although NUE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
142.56
We found 3 important support areas.
- A support zone ranging from 163.28 to 164.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 155.43 to 159.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 144.00 to 145.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 169.41 to 169.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NUE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NUE is up. |
| ChartMill Relative Strength | 89.05 | POSITIVE | NUE has a high relative strength, it outperformed 89.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NUE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NUE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.36 | NEUTRAL | The RSI value for NUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NUE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.29 | NEUTRAL | The Stochastics value for NUE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.93 | POSITIVE | The high ADX value value for NUE suggests a strong trend. |
168.13
-1.27 (-0.75%)
NUCOR CORP / NUE FAQ
What is the ChartMill technical rating of NUCOR CORP (NUE) stock?
ChartMill assigns a technical rating of 10 / 10 to NUE.
What is the current trend direction of NUCOR CORP (NUE) stock?
The current trend direction for NUCOR CORP (NUE) is Bullish.
What is the RSI signal for NUCOR CORP (NUE) stock?
NUCOR CORP (NUE) has an RSI value of 62.3636. This indicates that the stock is currently neutral.
What is the MACD signal for NUCOR CORP (NUE) stock?
The MACD indicator for NUCOR CORP (NUE) has a value of -0.0210621, indicating a bearish trend.
Can you provide the short term momentum for NUCOR CORP?
The short term momentum for NUCOR CORP (NUE) is positive.