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Advanced TA SearchArchive
- 4/12/2024 -
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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 dropped -6.44 points, or -3.20%, and closed at 194.53 on Friday, April 12, 2024. It was the worst weekly loss since December 8, 2023. Weekly volume was -37% below average.
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 203.00 on April 9, 2024. NUE gained -102.87 points, or -102.74%, in 92 weeks. The price is now at the 8.23% retracement level.
Medium-term trend: [See NUE medium-term trend chart]
A medium-term uptrend had started on May 31, 2023 at 129.79 and reached 203.00 on April 9, 2024. NUE gained -73.21 points, or -56.41%, in 44 weeks. The price is now at the 11.57% retracement level.
 Weekly Technical Indicators: [See NUE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
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 April 9, 2024 at 203.00 and reached 193.02 on April 12, 2024. NUE lost 9.98 points, or 4.92%, in 3 days. The price is now at the 15.13% retracement level.
 Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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 declined below 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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