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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 2024-08-29 View latest technical analysis

10 day averaged volume of Nucor Corporation is 1079501

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	150.02	148.95	151.34	148.11	0.91 times
28 Wed Aug 2024	148.04	149.03	149.82	147.30	1.044 times
27 Tue Aug 2024	150.37	150.13	151.65	148.59	1.284 times
26 Mon Aug 2024	150.44	150.07	152.55	149.12	1.136 times
23 Fri Aug 2024	147.73	147.05	148.06	146.02	0.878 times
22 Thu Aug 2024	146.22	146.18	146.92	144.67	0.657 times
21 Wed Aug 2024	146.46	144.90	147.26	144.53	0.944 times
20 Tue Aug 2024	143.40	144.07	144.60	142.86	0.697 times
19 Mon Aug 2024	144.07	145.21	146.75	143.31	1.175 times
16 Fri Aug 2024	145.23	144.69	146.59	144.35	0.816 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 149.6, but if it comes below 149.6, then a intra day sell could be more profitable.
If you take a sell trade below 149.6, then use 149.6 as stoploss and 146.51 as target. However if you take a buy trade in stock , then use 149.6 as stoploss and 153.2 as target.

Share price targets for Nucor Corporation (NUE)

Target Type	Value
Downside Target	139.41
Downside Target	142.86
Downside Target	147.30
Upside Target	163.75
Upside Target	165.17
Upside Target	165.76
Upside Target	167.50
Upside Target	168.21
Upside Target	168.77
Upside Target	176.59
Upside Target	203.00

Intraday share price targets for Nucor Corporation (NUE)

Target Type	Value
Downside Intraday Target	147.36
Downside Intraday Target	144.71
Upside Intraday Target	152.61
Upside Intraday Target	155.21
Downside Intraday Target	149.96

Weekly technical analysis of Nucor Corporation (NUE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	150.02	150.07	152.55	147.30	1.005 times
23 Fri Aug 2024	147.73	145.21	148.06	142.86	0.737 times
16 Fri Aug 2024	145.23	145.32	147.50	139.41	0.903 times
09 Fri Aug 2024	145.14	146.50	153.35	143.52	0.776 times
02 Fri Aug 2024	151.05	160.26	165.76	149.36	1.03 times

Price has moved up 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
29 Thu Aug 2024	150.02	162.57	163.75	139.41	0.822 times
31 Wed Jul 2024	162.94	158.61	167.50	150.24	0.922 times
28 Fri Jun 2024	158.08	167.88	168.77	149.12	1.297 times
31 Fri May 2024	168.85	169.59	176.59	165.17	0.923 times

Scroll below to view daily charts

Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Nucor Corporation ( (NUE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nucor Corporation ( (NUE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Nucor Corporation in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nucor Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nucor Corporation in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 147.45 and Nucor Corporation (NUE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.