NUCOR CORP (NUE) Technical Analysis
NYSE:NUE • US6703461052
Current stock price
NUE Technical Rating and Analysis
Taking everything into account, NUE scores 8 out of 10 in our technical rating. NUE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- NUE is one of the lesser performing stocks in the Metals & Mining industry. 61% of 158 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, NUE did better than 84% of all other stocks. We also observe that the gains produced by NUE over the past year are nicely spread over this period.
- 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.
- In the last month NUE has a been trading in the 155.14 - 175.28 range, which is quite wide. It is currently trading near the high of this range.
- NUE has an average volume of 1707640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NUE Weekly and Daily overview Charts
NUE Setup Rating and Analysis
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
NUE Support and Resistance Analysis
156.56
We found 1 important support area.
- A support zone ranging from 158.14 to 160.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 192.85 to 194.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
NUE Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for NUE is up. |
| ChartMill Relative Strength | 84.68 | POSITIVE | NUE has a high relative strength, it outperformed 84.68% 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 | NEGATIVE | The current price of NUE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.86 | NEUTRAL | The RSI value for NUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.59 | POSITIVE | The MACD value suggests NUE has a positive trend. |
| Stochastics (14,3) | 90.88 | OVERBOUGHT | The high Stochastics value suggests NUE may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for NUE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.07 | POSITIVE | The high ADX value value for NUE suggests a strong trend. |
NUE Chart- and CandleStick Pattern Analysis
NUE Technicals: Chart, Performance Metrics, Trend & Indicators
172.46
-1.26 (-0.73%)
NUCOR CORP / NUE TA FAQ
What is the ChartMill technical rating of NUCOR CORP (NUE) stock?
ChartMill assigns a technical rating of 8 / 10 to NUE.
What is the current trend direction of NUCOR CORP (NUE) stock?
The current trend direction for NUCOR CORP (NUE) is Bearish.
Can you provide the RSI signal for NUCOR CORP?
NUCOR CORP (NUE) has an RSI value of 55.8612. This indicates that the stock is currently neutral.
What is the MACD signal for NUE stock?
The MACD indicator for NUCOR CORP (NUE) has a value of 1.59455, indicating a bullish trend.
What is the support and resistance level for NUE stock?
NUCOR CORP (NUE) has a support level at 160.88 and a resistance level at 192.85. Check the full technical report for our detailed analysis of NUE support and resistance levels.