NUCOR CORP (NUE)

US6703461052 - Common Stock

191.36  +0.59 (+0.31%)

After market: 191.45 +0.09 (+0.05%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to NUE. In the last year, NUE was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month NUE has a been trading in the 188.95 - 203.00 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, NUE did better than 85% of all other stocks.
NUE is part of the Metals & Mining industry. There are 155 other stocks in this industry. NUE outperforms 70% of them.
NUE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NUE is performing more or less in line with the market.
NUE has an average volume of 1207150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Weekly and Daily overview Charts
NUE Weekly chart
NUE Daily chart
Setup Rating and Analysis

8

NUE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

156.26

202.99

We found 3 important support areas.

  • Support @179.48 from a horizontal line in the daily time frame.
  • A support zone ranging from 166.39 to 166.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @157.84 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 192.22 to 196.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • 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.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.06
Mansfield0.69
10 Day High203
10 Day Low188.95
20 Day High203
20 Day Low188.95
52 Week High203
52 Week Low129.79
Performance
1 Week-1.63%
2 Weeks-4.78%
1 Month-2.56%
3 Month14.73%
6 Month35.37%
12 Month24.71%
2 Year23.63%
3 Year132.63%
5 Year235.31%
10 Year269.78%
15 Year370.29%
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)-1.36
RSI(14)44.14
LBB189.29
UBB203.63
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
196.55188.947.61 (3.87%)25.00%
An entry @196.55. This is a Buy Stop order right above the resistance zone.An exit @188.94. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 7.61 points, which is 3.87%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NUE Daily chart

NUCOR CORP

NYSE:NUE (4/19/2024, 7:07:15 PM)

After market: 191.45 +0.09 (+0.05%)

191.36

+0.59 (+0.31%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.31%
1 Week-1.63%
2 Weeks-4.78%
1 Month-2.56%
3 Month14.73%
6 Month35.37%
12 Month24.71%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)4.32
ATR(20)%2.15%
ATR Inc
Range Today2.69
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 High203
10 Day Low188.95
20 Day High203
20 Day Low188.95
52 Week High203
52 Week Low129.79
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.62M
Volume Incr5.02%
Vol(5)1.16M
Vol(50)1.21M