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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.

10 day averaged volume of Nucor Corporation is 2026600

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Sep 2023	153.13	152.11	155.12	151.87	0.571 times
21 Thu Sep 2023	151.54	153.81	154.66	151.38	0.595 times
20 Wed Sep 2023	155.39	159.54	160.13	155.22	0.52 times
19 Tue Sep 2023	158.19	155.20	158.87	155.18	0.734 times
18 Mon Sep 2023	154.67	155.42	157.28	154.24	0.811 times
15 Fri Sep 2023	155.42	162.23	162.74	154.90	2.398 times
15 Fri Sep 2023	155.42	162.23	162.74	154.90	2.398 times
14 Thu Sep 2023	165.53	164.17	165.88	162.70	0.777 times
13 Wed Sep 2023	161.13	163.00	163.12	160.11	0.548 times
12 Tue Sep 2023	163.02	162.22	165.10	160.90	0.53 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 156.3, but if it comes above 156.3, then a intra day buy could be more profitable.
If you take a sell trade below 156.3, then use 156.3 as stoploss and 147.7 as target. However if you take a buy trade in stock , then use 156.3 as stoploss and 163.43 as target.

Share price targets for Nucor Corporation (NUE)

Target Type	Value
Downside Target	129.79
Downside Target	150.33
Upside Target	154.90
Upside Target	160.13
Upside Target	164.54
Upside Target	168.58
Upside Target	171.32
Upside Target	172.17
Upside Target	174.25
Upside Target	174.73
Upside Target	174.92

Intraday share price targets for Nucor Corporation (NUE)

Target Type	Value
Downside Intraday Target	149.63
Downside Intraday Target	146.13
Upside Intraday Target	158.38
Upside Intraday Target	163.63
Upside Intraday Target	154.88

Weekly technical analysis of Nucor Corporation (NUE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Sep 2023	153.13	155.42	160.13	151.38	1.347 times
15 Fri Sep 2023	155.42	162.23	162.74	154.90	0.485 times
15 Fri Sep 2023	155.42	167.50	168.58	154.90	1.707 times
08 Fri Sep 2023	164.94	172.17	172.17	164.53	6.005 times
01 Fri Sep 2023	172.58	173.99	174.92	171.32	0.2 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
22 Fri Sep 2023	153.13	173.99	174.92	151.38	1.085 times
31 Thu Aug 2023	172.10	169.64	174.73	163.07	1.029 times
31 Mon Jul 2023	172.09	163.73	174.25	156.68	0.77 times
30 Fri Jun 2023	163.98	133.79	164.54	131.90	0.978 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 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 losing 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 getting stronger in this stock.

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

CCI has generated a buy signal for Nucor Corporation in short term but BUY signal is weak.

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

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 156.72 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.