Technical Analysis for NUE - Nucor Corporation

Grade Last Price % Change Price Change
B 169.82 8.39% 13.15
NUE closed up 8.39 percent on Thursday, January 26, 2023, on 2.28 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Earnings Movers Other 0.00%
Multiple of Ten Bearish Other 0.00%
Multiple of Ten Bullish Other 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakout about 8 hours ago
Possible Pocket Pivot about 10 hours ago
Upper Bollinger Band Resistance about 13 hours ago
2x Volume Pace about 13 hours ago
1.5x Volume Pace about 13 hours 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 Airport Alloys Manufacturing Process Steel Products Fasteners Heavy Equipment Ferrous General Contractor Stadiums Rebar Sheet Metal Structural Steel Steel Mill Transportation Sector Metal Forming Scrap Metal Steelmaking Flange Nonferrous Metal Aluminum Can Electric Arc Furnace Ferrous Scrap Metal 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 187.9
52 Week Low 96.6901
Average Volume 1,796,156
200-Day Moving Average 133.21
50-Day Moving Average 145.85
20-Day Moving Average 147.74
10-Day Moving Average 155.94
Average True Range 5.88
RSI 74.87
ADX 31.78
+DI 45.37
-DI 10.63
Chandelier Exit (Long, 3 ATRs) 152.92
Chandelier Exit (Short, 3 ATRs) 147.45
Upper Bollinger Bands 168.64
Lower Bollinger Band 126.83
Percent B (%b) 1.03
BandWidth 28.30
MACD Line 5.18
MACD Signal Line 3.54
MACD Histogram 1.6383
Fundamentals Value
Market Cap 51.27 Billion
Num Shares 302 Million
EPS 1.41
Price-to-Earnings (P/E) Ratio 120.44
Price-to-Sales 0.83
Price-to-Book 1.61
PEG Ratio 0.75
Dividend 1.61
Dividend Yield 0.95%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 186.26
Resistance 3 (R3) 184.68 177.62 183.52
Resistance 2 (R2) 177.62 173.43 178.41 182.61
Resistance 1 (R1) 173.72 170.85 175.67 175.30 181.69
Pivot Point 166.66 166.66 167.64 167.45 166.66
Support 1 (S1) 162.76 162.47 164.71 164.34 157.95
Support 2 (S2) 155.70 159.89 156.49 157.03
Support 3 (S3) 151.80 155.70 156.12
Support 4 (S4) 153.38