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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 1702540

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	156.35	158.97	159.74	155.80	0.713 times
28 Thu Sep 2023	157.76	155.68	158.94	155.39	0.724 times
27 Wed Sep 2023	155.71	153.57	157.33	152.59	1.098 times
26 Tue Sep 2023	151.74	154.43	155.49	151.50	0.746 times
25 Mon Sep 2023	155.25	152.87	155.76	152.39	0.733 times
22 Fri Sep 2023	153.13	152.11	155.12	151.87	0.679 times
21 Thu Sep 2023	151.54	153.81	154.66	151.38	0.708 times
20 Wed Sep 2023	155.39	159.54	160.13	155.22	0.619 times
19 Tue Sep 2023	158.19	155.20	158.87	155.18	0.873 times
18 Mon Sep 2023	154.67	155.42	157.28	154.24	0.966 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 153.5 as stoploss in an intra day buy trade for a target of 159.31. However, stock will show a bearish move below 153.5.

Share price targets for Nucor Corporation (NUE)

Target Type	Value
Downside Target	129.79
Downside Target	150.33
Downside Target	154.90
Upside Target	163.07
Upside Target	164.53
Upside Target	164.54
Upside Target	168.58
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	151.99
Downside Intraday Target	147.62
Upside Intraday Target	160.23
Upside Intraday Target	164.1
Downside Intraday Target	155.86

Weekly technical analysis of Nucor Corporation (NUE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	156.35	152.87	159.74	151.50	1.044 times
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

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 Fri Sep 2023	156.35	173.99	174.92	151.38	1.338 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 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 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 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 Weak and stock is losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 155.06 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 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 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.