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- 9/11/2026 -
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Nucor Corp. (NUE) Technical Analysis

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Summary:
Weekly :
Daily :
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It was the negative week for the Nucor Corp. (NUE). During the week, the NUE gave back -1.64 points, or -0.63%, and closed at 259.43 on Friday, September 11, 2026. Weekly volume was -36% below average.

Long-term trend: [See NUE long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 97.60 and reached 280.11 on August 5, 2026. NUE gained -182.51 points, or -187.00%, in 69 weeks. The price is now at the 11.33% retracement level.

Medium-term trend: [See NUE medium-term trend chart]
A medium-term uptrend had started on July 1, 2026 at 214.61 and reached 280.11 on August 5, 2026. NUE gained -65.50 points, or -30.52%, in 5 weeks. The price is now at the 31.57% retracement level.

Weekly Technical Indicators: [See NUE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 21, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See NUE short-term trend chart]
A short-term uptrend had started on August 19, 2026 at 238.62 and reached 268.47 on September 3, 2026. NUE gained -29.85 points, or -12.51%, in 15 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 253.04 and resistance is at 275.55. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.74
Williams' Percentage Range (W%R) 45.50
Lane's Stochastic (%D-Slow) 54.41
Greed/Fear Indicator (GFI) 59.22
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.60
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 66.50
Greed/Fear Indicator (GFI) 62.81
Moving Average Converg./Diverg. (MACD) 19.99
Trading Signals
Description Value Chart
Weekly Trendline Resistance 275.55
Upper Bollinger Band 273.29
Weekly Stochastic Crossing 260.55
Price 259.43
Daily Stochastic Crossing 257.30
20 Day Moving Average 255.24
Weekly Trendline Support 253.04
50 Day Moving Average 250.94
Parabolic System 243.43
Lower Bollinger Band 239.76
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Steel 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 252.01
Low Date 09/10/2026
High 259.82
High Date 09/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 275.55
Support 253.04
Low 238.62
Low Date 08/19/2026
High 268.47
High Date 09/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 214.61
Low Date 07/01/2026
High 280.11
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 97.60
Low Date 04/07/2025
High 280.11
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.53
Low Date 03/18/2020
High 280.11
High Date 08/05/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.