(NUE) Nucor Corporation complete technical analysis [charts+indicators] | Buy/Sell Nucor Corporation | (NUE) share price targets
Complete technical analysis of Nucor Corporation (NUE) by charts plus indicators, forecast predictions and share price targets for Nucor Corporation (NUE)
Nucor Corporation trades in USA in Basic Industries sector.
10 day averaged volume of Nucor Corporation is 1176840
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 168.39 | 171.15 | 171.26 | 167.92 | 1.335 times |
| 24 Fri May 2024 | 171.27 | 172.86 | 173.00 | 169.47 | 0.897 times |
| 23 Thu May 2024 | 171.53 | 171.50 | 172.12 | 170.46 | 0.807 times |
| 22 Wed May 2024 | 171.10 | 171.02 | 172.89 | 170.23 | 0.751 times |
| 21 Tue May 2024 | 172.12 | 171.07 | 172.54 | 170.22 | 0.766 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 169.8, but if it comes above 169.8, then a intra day buy could be more profitable.
If you take a sell trade below 169.8, then use 169.8 as stoploss and 167.3 as target. However if you take a buy trade in stock , then use 169.8 as stoploss and 171.83 as target.
Share price targets for Nucor Corporation (NUE)
| Target Type | Value |
| Downside Target | 165.29 |
| Upside Target | 176.59 |
| Upside Target | 176.60 |
| Upside Target | 178.22 |
| Upside Target | 180.53 |
| Upside Target | 190.96 |
| Upside Target | 193.91 |
| Upside Target | 199.00 |
| Upside Target | 203.00 |
Intraday share price targets for Nucor Corporation (NUE)
| Target Type | Value |
| Downside Intraday Target | 167.12 |
| Downside Intraday Target | 165.85 |
| Upside Intraday Target | 170.46 |
| Upside Intraday Target | 172.53 |
| Upside Intraday Target | 169.19 |
Weekly technical analysis of Nucor Corporation (NUE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 168.39 | 171.15 | 171.26 | 167.92 | 0.299 times |
| 24 Fri May 2024 | 171.27 | 172.19 | 173.00 | 169.47 | 0.916 times |
| 17 Fri May 2024 | 172.12 | 173.89 | 176.59 | 171.51 | 0.869 times |
| 10 Fri May 2024 | 174.47 | 175.52 | 175.71 | 169.57 | 0.944 times |
| 03 Fri May 2024 | 173.92 | 175.98 | 176.60 | 167.73 | 0.588 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Nucor Corporation (NUE)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 168.39 | 169.59 | 176.59 | 167.73 | 0.751 times |
| 30 Tue Apr 2024 | 168.53 | 199.72 | 203.00 | 168.21 | 1.176 times |
| 28 Thu Mar 2024 | 197.90 | 192.44 | 199.00 | 180.53 | 0.912 times |
| 29 Thu Feb 2024 | 192.30 | 187.94 | 193.91 | 178.22 | 0.794 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Nucor Corporation (NUE)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 10, 25, 45 | Sell |
| MACD | -6, -6 | Buy |
| Stochastics | 17 | Sell |
| CCI | -142 | Sell |
| RSI | 47 | Sell |
| OBV | -4806053 | Sell |
| VWAP | 172 | Sell |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Nucor Corporation ( (NUE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Nucor Corporation ( (NUE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Nucor Corporation ( (NUE) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Nucor Corporation ( (NUE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Nucor Corporation stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Nucor Corporation in short term but the buy signal is initial and weak.
Nucor Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Nucor Corporation in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Nucor Corporation is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 171.96 and Nucor Corporation (NUE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Nucor Corporation (NUE) stock. Volume based technical analysis of Nucor Corporation (NUE) stock is negative.
Nucor Corporation Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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