NUCOR CORP (NUE) Stock Technical Analysis
NYSE:NUE - US6703461052 - Common Stock
147.93 USD
+4.68 (+3.27%)
147.93 USD
0 (0%)
We assign a technical rating of 8 out of 10 to NUE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NUE is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month NUE has a been trading in the 134.03 - 151.32 range, which is quite wide. It is currently trading near the high of this range.
NUE has an average volume of 1908560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NUE did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
NUE is an average performer in the Metals & Mining industry, it outperforms 47% of 156 stocks in the same industry.
NUE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NUE is lagging the market.
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
116.76
149.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 141.97 to 145.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 135.85 to 138.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @117.94 from a trend line in the daily time frame.
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 | 77.39 | POSITIVE | NUE has a high relative strength, it outperformed 77.39% 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) | 54.89 | NEUTRAL | The RSI value for NUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NUE has a negative trend. |
| Stochastics (14,3) | 54.19 | NEUTRAL | The Stochastics value for NUE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for NUE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
147.93
+4.68 (+3.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.27%
1 Week-0.76%
2 Weeks3.96%
1 Month1.29%
3 Month32.04%
6 Month5.93%
12 Month-3.03%
2 Year-16.76%
3 Year7.76%
5 Year215.11%
10 Year230.91%
15 Year289.48%
Volatility
ATR(14)3.59
ATR(20)%2.9%
ATR Inc-40.48%
Range Today5.66
ADR(20)3.68
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.39
Mansfield-0.01
10 Day High151.32
10 Day Low135.8
20 Day High151.32
20 Day Low134.03
52 Week High170.52
52 Week Low97.59
CS1 End138.66
CR1 Start144.57
Volume & EV
DER(3)-2.45%
DER(5)-2.62%
Volume1.55M
Volume Incr-19.79%
Vol(5)1.37M
Vol(50)1.91M