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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Nucor Corp. (NUE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Nucor Corp. (NUE). During the week, the NUE gained 2.66 points, or 1.43%, and closed at 188.48 on Friday, March 15, 2024. NUE was trading at average weekly trading volume. NUE is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See NUE long-term trend chart] A long-term uptrend had started on July 5, 2022 at 100.13 and reached 195.00 on March 1, 2024. NUE gained -94.87 points, or -94.75%, in 86 weeks. The price is now at the 6.87% retracement level. Medium-term trend: [See NUE medium-term trend chart] A medium-term uptrend had started on October 23, 2023 at 140.07 and reached 195.00 on March 1, 2024. NUE gained -54.93 points, or -39.22%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 178.48 and resistance is at 199.86. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend. Weekly Technical Indicators: [See NUE weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See NUE short-term trend chart] A short-term downtrend had started on March 1, 2024 at 195.00 and reached 180.53 on March 14, 2024. NUE lost 14.47 points, or 7.42%, in 13 days. The chart has formed a Falling Wedge chart pattern. Daily Technical Indicators: [See NUE daily technical indicators chart] Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help. The daily MACD line is below its signal line since March 1, 2024. This is an indication that the short-term trend is down. A Parabolic SAR (stop and reversal) indicator (189.12) comes close to the price (188.48). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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