Technical Analysis for NUE - Nucor Corporation

Grade Last Price % Change Price Change
grade D 57.55 1.20% 0.68
NUE closed up 1.77 percent on Wednesday, January 16, 2019, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Earnings due: Jan 29

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Flat Up
See historical NUE trend table...

Date Alert Name Type % Chg
Jan 16 Overbought Stochastic Strength 1.20%
Jan 15 Stochastic Sell Signal Bearish 2.99%
Jan 15 Overbought Stochastic Strength 2.99%
Jan 14 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 2.29%
Jan 14 NR7 Range Contraction 2.29%
Jan 14 NR7-2 Range Contraction 2.29%
Jan 14 Inside Day Range Contraction 2.29%
Jan 14 Overbought Stochastic Strength 2.29%
Jan 11 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 1.70%
Jan 11 NR7 Range Contraction 1.70%

Older signals for NUE ...

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Profile
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.
Is NUE a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 70.03
52 Week Low 49.79
Average Volume 2,485,821
200-Day Moving Average 61.931
50-Day Moving Average 57.5694
20-Day Moving Average 53.766
10-Day Moving Average 55.182
Average True Range 1.6261
ADX 17.95
+DI 20.6023
-DI 16.2623
Chandelier Exit (Long, 3 ATRs ) 52.5617
Chandelier Exit (Short, 3 ATRs ) 54.6683
Upper Bollinger Band 57.8506
Lower Bollinger Band 49.6814
Percent B (%b) 0.88
BandWidth 15.193989
MACD Line -0.0965
MACD Signal Line -0.7875
MACD Histogram 0.6911
Fundamentals Value
Market Cap 18.16 Billion
Num Shares 319 Million
EPS 3.56
Price-to-Earnings (P/E) Ratio 15.97
Price-to-Sales 1.05
Price-to-Book 2.28
PEG Ratio 0.78
Dividend 1.51
Dividend Yield 2.66%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.73
Resistance 3 (R3) 58.59 57.84 58.42
Resistance 2 (R2) 57.84 57.36 57.91 58.32
Resistance 1 (R1) 57.35 57.07 57.60 57.49 58.21
Pivot Point 56.60 56.60 56.72 56.67 56.60
Support 1 (S1) 56.11 56.12 56.36 56.25 55.53
Support 2 (S2) 55.36 55.83 55.43 55.42
Support 3 (S3) 54.87 55.36 55.32
Support 4 (S4) 55.01