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Steel Industry Stocks Technical Analysis - NUEArchive
- 3/21/2025 -
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Nucor Corp. (NUE) Technical Analysis
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| Summary:
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| | It was the negative week for the Nucor Corp. (NUE). During the week, the NUE dropped -10.10 points, or -7.65%, and closed at 122.00 on Friday, March 21, 2025. It was the worst weekly loss since December 13, 2024. Weekly volume was 126% above average.
 Long-term trend: [See NUE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 27.53 and reached 203.00 on April 9, 2024. NUE gained -175.47 points, or -637.38%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (185.67) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See NUE medium-term trend chart]
A medium-term downtrend had started on April 9, 2024 at 203.00 and reached 112.30 on January 3, 2025. NUE lost 90.70 points, or 44.68%, in 38 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 98.26 and resistance is at 142.64. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling 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 February 7, 2025. The distance between MACD and the signal line is low and getting smaller. 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 February 18, 2025 at 143.10 and reached 119.60 on March 21, 2025. NUE lost 23.50 points, or 16.42%, in 31 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (124.12) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The daily MACD line is below its signal line since February 24, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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