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: 82% of all stocks are doing better.
NUE is one of the lesser performing stocks in the Metals & Mining industry. 76% of 155 stocks in the same industry do better.
NUE has an average volume of 2493430 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.
NUE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NUE is lagging the market slightly.
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 bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 122.97. Right above this resistance zone may be a good entry point.
More info and screens
105.60
139.16
3 important support areas can be observed.
- A support zone ranging from 110.66 to 110.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 108.49 to 108.49. 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 can see 2 important resistance areas.
- A resistance zone ranging from 122.97 to 124.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @137.78 from a horizontal line in the weekly 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 | 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 | 18.53 | NEGATIVE | NUE has a low relative strength, it was outperformed by 81.47% 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) | 56.74 | NEUTRAL | The RSI value for NUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests NUE has a positive trend. |
| Stochastics (14,3) | 66.31 | NEUTRAL | The Stochastics value for NUE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.37 | 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)
121.92
+3.47 (+2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.93%
1 Week0.29%
2 Weeks11.49%
1 Month5.6%
3 Month-7.7%
6 Month-2.66%
12 Month-21.18%
2 Year-25.65%
3 Year16.77%
5 Year194.42%
10 Year176.65%
15 Year218.5%
Volatility
ATR(14)4.88
ATR(20)%3.44%
ATR Inc-18.11%
Range Today4.83
ADR(20)3.46
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.53
Mansfield-1.39
10 Day High125.75
10 Day Low115.35
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)2.18%
DER(5)1.98%
Volume3.30M
Volume Incr-1.44%
Vol(5)2.52M
Vol(50)2.49M