NUCOR CORP (NUE) Stock Technical Analysis
NYSE:NUE - New York Stock Exchange, Inc. - US6703461052 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to NUE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NUE is only an average performer.
NUE is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 62% are performing better than NUE.
The long and short term trends are both positive. This is looking good!
In the last month NUE has a been trading in the 115.66 - 145.04 range, which is quite wide. It is currently trading near the high of this range.
NUE has an average volume of 2378320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, NUE outperforms 51% of them, which is more or less in line with the market.
NUE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NUE is lagging the market.
Although NUE has an excellent technical rating, it does not present a decent entry opportunity 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
144.75
We found 4 important support areas.
- A support zone ranging from 136.94 to 137.39. 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 131.08 to 131.53. 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 113.45 to 113.76. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 142.41 to 143.32. 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 | 51.93 | NEUTRAL | NUE is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of NUE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.39 | OVERBOUGHT | The high RSI value suggests NUE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.98 | POSITIVE | The MACD value suggests NUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.63 | OVERBOUGHT | The high Stochastics value suggests NUE may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 29.96 | POSITIVE | The high ADX value value for NUE suggests a strong 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)
142.4
-0.91 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.63%
1 Week3.29%
2 Weeks9.03%
1 Month21.57%
3 Month28.01%
6 Month20.51%
12 Month-11.61%
2 Year-17.25%
3 Year4.86%
5 Year239.45%
10 Year222.61%
15 Year263.82%
Volatility
ATR(14)3.29
ATR(20)%2.56%
ATR Inc10.33%
Range Today2.72
ADR(20)3.31
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.93
Mansfield-0.15
10 Day High145.04
10 Day Low128.46
20 Day High145.04
20 Day Low115.66
52 Week High170.52
52 Week Low97.59
CS1 End137.39
CR1 Start142.41
Volume & EV
DER(3)-0.61%
DER(5)-0.66%
Volume1.24M
Volume Incr-32.63%
Vol(5)1.64M
Vol(50)2.38M