NUCOR CORP (NUE) Stock Technical Analysis
NYSE:NUE - New York Stock Exchange, Inc. - US6703461052 - Common Stock - Currency: USD
Taking everything into account, NUE scores 2 out of 10 in our technical rating. NUE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, NUE is a bad performer in the overall market: 85% of all stocks are doing better.
NUE is one of the lesser performing stocks in the Metals & Mining industry. 81% of 155 stocks in the same industry do better.
NUE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
NUE has an average volume of 2469800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month NUE has a been trading in the 106.21 - 125.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NUE has a poor technical rating and the quality of the setup is also only medium 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
105.60
125.93
We found 2 important support areas.
- A support zone ranging from 110.50 to 110.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @106.67 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 122.97 to 124.68. 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 | NEUTRAL | NEUTRAL | The long term trend for NUE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NUE is neutral. |
| ChartMill Relative Strength | 15.72 | NEGATIVE | NUE has a low relative strength, it was outperformed by 84.28% 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) | DOWN | MIXED | The current price of NUE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NUE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for NUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests NUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.02 | NEUTRAL | The Stochastics value for NUE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for NUE suggests a weak or negative 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)
118.45
+1.32 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.13%
1 Week-0.25%
2 Weeks8.73%
1 Month1.15%
3 Month-10.33%
6 Month-5.43%
12 Month-23.43%
2 Year-27.77%
3 Year13.45%
5 Year186.04%
10 Year168.78%
15 Year209.43%
Volatility
ATR(14)4.81
ATR(20)%3.47%
ATR Inc29.99%
Range Today2.93
ADR(20)3.31
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.72
Mansfield-1.72
10 Day High125.75
10 Day Low106.21
20 Day High125.75
20 Day Low106.21
52 Week High170.52
52 Week Low97.59
CS1 End110.75
CR1 Start122.97
Volume & EV
DER(3)1.89%
DER(5)0.68%
Volume2.13M
Volume Incr-11.22%
Vol(5)2.27M
Vol(50)2.47M