NUCOR CORP (NUE)
US6703461052 - Common Stock
We assign a technical rating of 2 out of 10 to NUE. Although NUE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month NUE has a been trading in the 170.82 - 203.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that NUE is one of the better performing stocks in the market, outperforming 70% of all stocks.
NUE has an average volume of 1322570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
NUE is an average performer in the Metals & Mining industry, it outperforms 56% of 155 stocks in the same industry.
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.
The technical rating of NUE is bad and it also does not present a quality setup 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
144.58
202.99
When analyzing the support we can see 3 important areas.
- Support @172.75 from a horizontal line in the daily time frame.
- Support @158.47 from a trend line in the weekly time frame.
- Support @146.04 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 200.98 to 200.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.63
Mansfield-0.33
10 Day High198.99
10 Day Low170.82
20 Day High203
20 Day Low170.82
52 Week High203
52 Week Low129.79
Performance
1 Week-7.81%
2 Weeks-10.87%
1 Month-11.42%
3 Month0.45%
6 Month18.75%
12 Month18.69%
2 Year13.63%
3 Year113.81%
5 Year208.18%
10 Year239.87%
15 Year332.24%
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)
Technical Indicators
MACD(12,26,9)-2.95
RSI(14)29.19
LBB172.59
UBB208.37
NUCOR CORP
NYSE:NUE (4/25/2024, 7:08:23 PM)
After market: 175.96 +0.08 (+0.05%)175.88
+3.12 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.81%
1 Week-7.81%
2 Weeks-10.87%
1 Month-11.42%
3 Month0.45%
6 Month18.75%
12 Month18.69%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.54
ATR(20)%2.86%
ATR Inc
Range Today5.36
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High198.99
10 Day Low170.82
20 Day High203
20 Day Low170.82
52 Week High203
52 Week Low129.79
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.62M
Volume Incr149.07%
Vol(5)2.46M
Vol(50)1.32M