Technical Analysis for NUE - Nucor Corporation

Grade Last Price % Change Price Change
B 189.80 0.70% 1.32
NUE closed up 0.7 percent on Monday, March 18, 2024, on 71 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Multiple of Ten Bearish Other 0.00%
Gapped Up Strength 0.00%
Crossed Above 20 DMA Bullish 0.70%
Expansion Pivot Buy Setup Bullish Swing Setup 0.70%
Pocket Pivot Bullish Swing Setup 0.70%
Bollinger Band Squeeze Range Contraction 0.70%
50 DMA Support Bullish 4.23%
Bollinger Band Squeeze Range Contraction 4.23%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 14 hours ago
Up 1% about 14 hours ago
Expansion Pivot Buy Entry about 15 hours ago
Rose Above Previous Day's High about 15 hours ago
Possible Pocket Pivot 3 days ago

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Profile

Nucor Corporation Description

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel; plate steel; structural steel comprising wide-flange beams, beam blanks, H-piling, and sheet piling; and bar steel, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products. This segment sells its products to service centers, fabricators, and manufacturers. It serves automotive, energy, agricultural, heavy equipment, and transportation sectors. The Steel Products segment offers steel joists and joist girders, steel decks, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating and expanded metal, and wire and wire mesh. Its products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. This segment sells its products to general contractors, fabricators, distributors, and manufacturers. The Raw Materials segment produces direct reduced iron; brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. This segment sells its products to electric arc furnace steel mills and foundries that use ferrous scrap as a raw material in their manufacturing process; and aluminum can producers, secondary aluminum smelters, steel mills, and other processors and consumers of various nonferrous metals. Nucor Corporation was founded in 1940 and is based in Charlotte, North Carolina.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: S&P 500 Steel Metals Building Materials Alloys Airport Manufacturing Process Steel Products Fasteners Heavy Equipment Stadiums Ferrous General Contractor Sheet Metal Structural Steel Rebar Transportation Sector Metal Forming Scrap Metal Nonferrous Metal Steel Mill Flange Steelmaking Aluminum Can Electric Arc Furnace Steel Deck Steel Joists

Is NUE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 195.0
52 Week Low 128.5639
Average Volume 1,516,550
200-Day Moving Average 165.24
50-Day Moving Average 181.25
20-Day Moving Average 187.30
10-Day Moving Average 185.39
Average True Range 4.35
RSI (14) 58.68
ADX 18.76
+DI 28.62
-DI 18.40
Chandelier Exit (Long, 3 ATRs) 181.96
Chandelier Exit (Short, 3 ATRs) 193.57
Upper Bollinger Bands 194.03
Lower Bollinger Band 180.56
Percent B (%b) 0.69
BandWidth 7.19
MACD Line 1.02
MACD Signal Line 1.43
MACD Histogram -0.409
Fundamentals Value
Market Cap 46.66 Billion
Num Shares 246 Million
EPS 18.00
Price-to-Earnings (P/E) Ratio 10.54
Price-to-Sales 1.32
Price-to-Book 2.19
PEG Ratio 0.75
Dividend 2.07
Dividend Yield 1.09%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 195.25
Resistance 3 (R3) 195.35 193.64 194.34
Resistance 2 (R2) 193.64 192.25 193.59 194.04
Resistance 1 (R1) 191.72 191.39 190.86 191.62 193.73
Pivot Point 190.01 190.01 189.58 189.95 190.01
Support 1 (S1) 188.09 188.62 187.23 187.98 185.87
Support 2 (S2) 186.37 187.76 186.32 185.56
Support 3 (S3) 184.46 186.37 185.26
Support 4 (S4) 184.35