NUCOR CORP (NUE) Technical Analysis
NYSE:NUE • US6703461052
Current stock price
NUE Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NUE did better than 91% of all other stocks. On top of that, NUE also shows a nice and consistent pattern of rising prices.
- NUE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NUE has a been trading in the 165.13 - 227.48 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NUE has an average volume of 1539790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NUE is an average performer in the Metals & Mining industry, it outperforms 68% of 163 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NUE Weekly and Daily overview Charts
NUE Setup Rating and Analysis
Although NUE has an excellent technical rating, it does not present a decent entry opportunity 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
NUE Support and Resistance Analysis
156.56
We found 2 important support areas.
- A support zone ranging from 162.83 to 165.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.14 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 225.10 to 225.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
NUE Technical Indicator Signal Analysis
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 | 91.34 | POSITIVE | NUE has a high relative strength, it outperformed 91.34% 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) | 86.88 | OVERBOUGHT | The high RSI value suggests NUE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.22 | POSITIVE | The MACD value suggests NUE has a positive trend. |
| Stochastics (14,3) | 94.86 | OVERBOUGHT | The high Stochastics value suggests NUE may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 43.94 | POSITIVE | The high ADX value value for NUE suggests a strong trend. |
NUE Chart- and CandleStick Pattern Analysis
NUE Technicals: Chart, Performance Metrics, Trend & Indicators
222.39
-2.72 (-1.21%)
NUCOR CORP / NUE TA 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.
Can you provide the RSI signal for NUCOR CORP?
NUCOR CORP (NUE) has an RSI value of 86.8818. This indicates that the stock is currently overbought.
What is the MACD signal for NUE stock?
The MACD indicator for NUCOR CORP (NUE) has a value of 3.21595, indicating a bullish trend.
What is the support and resistance level for NUE stock?
NUCOR CORP (NUE) has a support level at 165.22. Check the full technical report for our detailed analysis of NUE support and resistance levels.