Technical Analysis for NUE - Nucor Corporation

Grade Last Price % Change Price Change
D 148.54 0.25% 0.37
NUE closed up 2.41 percent on Wednesday, November 20, 2024, on 1.2 times normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
11 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.25%
50 DMA Resistance Bearish 0.25%
Oversold Stochastic Weakness 0.25%
MACD Bearish Centerline Cross Bearish 2.67%
NR7 Range Contraction 2.67%
Narrow Range Bar Range Contraction 2.67%
Stochastic Reached Oversold Weakness 2.67%
Gapped Down Weakness 2.67%
Oversold Stochastic Weakness 2.67%
20 DMA Resistance Bearish 0.99%

   Recent Intraday Alerts

Alert Time
Down 1% 21 minutes ago
50 DMA Resistance about 22 hours ago
Rose Above 20 DMA about 22 hours ago
Up 1 ATR about 22 hours ago
60 Minute Opening Range Breakout about 22 hours ago

Get a Trading Assistant

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 Building Materials Metals Alloys Airport Manufacturing Process Fasteners Steel Products Heavy Equipment Stadiums Ferrous General Contractor Sheet Metal Rebar Structural Steel Scrap Metal Transportation Sector Metal Forming 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 201.566
52 Week Low 132.9416
Average Volume 1,890,427
200-Day Moving Average 163.73
50-Day Moving Average 149.20
20-Day Moving Average 148.98
10-Day Moving Average 151.87
Average True Range 5.01
RSI (14) 48.19
ADX 15.61
+DI 29.84
-DI 29.09
Chandelier Exit (Long, 3 ATRs) 155.50
Chandelier Exit (Short, 3 ATRs) 155.44
Upper Bollinger Bands 163.57
Lower Bollinger Band 134.38
Percent B (%b) 0.47
BandWidth 19.60
MACD Line -0.24
MACD Signal Line 0.50
MACD Histogram -0.7416
Fundamentals Value
Market Cap 36.43 Billion
Num Shares 246 Million
EPS 18.00
Price-to-Earnings (P/E) Ratio 8.23
Price-to-Sales 1.32
Price-to-Book 2.19
PEG Ratio 0.75
Dividend 2.07
Dividend Yield 1.40%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 154.85
Resistance 3 (R3) 154.70 152.32 153.74
Resistance 2 (R2) 152.32 150.62 152.39 153.36
Resistance 1 (R1) 150.24 149.57 151.28 150.40 152.99
Pivot Point 147.86 147.86 148.38 147.94 147.86
Support 1 (S1) 145.79 146.16 146.83 145.94 143.35
Support 2 (S2) 143.41 145.11 143.49 142.98
Support 3 (S3) 141.34 143.41 142.60
Support 4 (S4) 141.49