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(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.

Showing technical analysis as on 2024-05-06 View latest technical analysis

10 day averaged volume of Nucor Corporation is 1893920

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	171.02	175.52	175.71	169.83	0.839 times
03 Fri May 2024	173.92	171.67	174.63	171.10	0.557 times
02 Thu May 2024	170.52	169.61	170.84	168.46	0.688 times
01 Wed May 2024	168.67	169.59	172.05	167.73	0.663 times
30 Tue Apr 2024	168.53	174.29	174.38	168.21	1.151 times
29 Mon Apr 2024	175.24	175.98	176.60	174.27	0.643 times
26 Fri Apr 2024	175.42	176.59	176.83	174.34	0.662 times
25 Thu Apr 2024	175.88	171.39	176.18	170.82	0.857 times
24 Wed Apr 2024	172.76	175.00	178.32	171.96	1.366 times
23 Tue Apr 2024	174.64	177.70	183.95	174.40	2.564 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 172.3, but if it comes above 172.3, then a intra day buy could be more profitable.
If you take a sell trade below 172.3, then use 172.3 as stoploss and 158.9 as target. However if you take a buy trade in stock , then use 172.3 as stoploss and 183.46 as target.

Share price targets for Nucor Corporation (NUE)

Target Type	Value
Downside Target	165.29
Upside Target	175.71
Upside Target	188.95
Upside Target	190.96
Upside Target	193.02
Upside Target	193.61
Upside Target	193.91
Upside Target	197.79
Upside Target	199.00
Upside Target	203.00

Intraday share price targets for Nucor Corporation (NUE)

Target Type	Value
Downside Intraday Target	168.66
Downside Intraday Target	166.31
Upside Intraday Target	174.54
Upside Intraday Target	178.07
Upside Intraday Target	172.19

Weekly technical analysis of Nucor Corporation (NUE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	171.02	175.52	175.71	169.83	0.227 times
03 Fri May 2024	173.92	175.98	176.60	167.73	0.588 times
26 Fri Apr 2024	175.42	190.98	193.61	170.82	2.048 times
19 Fri Apr 2024	191.36	197.10	197.79	188.95	1.268 times
12 Fri Apr 2024	194.53	202.08	203.00	193.02	0.997 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
06 Mon May 2024	171.02	169.59	175.71	167.73	0.171 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	0.777 times

Scroll below to view daily charts

Price has moved up 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)

Price action analysis of Nucor Corporation ( (NUE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 SELL signal for Nucor Corporation in short term and the sell signal is strong.

Nucor Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nucor Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 172.85 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.