NUCOR CORP (NUE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NUE • US6703461052
Taking everything into account, NUE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NUE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- NUE is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 69% are performing better than NUE.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NUE is one of the better performing stocks in the market, outperforming 87% of all 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 161.44 - 183.32 range, which is quite wide. It is currently trading near the high of this range.
- NUE has an average volume of 1624830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
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
146.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 171.63 to 172.95. 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 157.82 to 159.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 148.15 to 148.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 181.66 to 181.66. 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 | 87.41 | POSITIVE | NUE has a high relative strength, it outperformed 87.41% 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) | 59.45 | NEUTRAL | The RSI value for NUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NUE has a negative trend. |
| Stochastics (14,3) | 70.17 | NEUTRAL | The Stochastics value for NUE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.35 | NEUTRAL | The ADX value for NUE suggests a possible start of a new trend. |
177.72
-2.19 (-1.22%)
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 59.4548. 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 -0.0939271, indicating a bearish trend.
Can you provide the short term momentum for NUCOR CORP?
The short term momentum for NUCOR CORP (NUE) is positive.