Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Nucor Corporation (NYSE:NUE)
Strong Downtrend (-100) - NUE is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NUE continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NUE?
MarketClub looks at technical strength and momentum to determine if the timing is right for NUE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for NUE
The long-term trend has been DOWN since May 1st, 2024 at 168.21
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 193.02
The short-term trend has been DOWN since May 8th, 2024 at 169.83
Smart Scan Analysis for NUE
Based on our trend formula, NUE is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 170.44 | 171.83 | 169.57 | 169.72 | -2.07 |
| Prev. Close | Volume | Bid | Ask | Time |
| 169.80 | 898423 | 2024-05-08 15:59:45 |
| Year High | 70.48 | Year High Date | 2018-01-12 |
| Year Low | 55.55 | Year Low Date | 2018-10-26 |
| 52wk High | 203 | 52wk High Date | 2024-04-09 |
| 52wk Low | 129.79 | 52wk Low Date | 2023-05-31 |
| Year End Close | 43.16 | Average Volume | 1,525,967 |
| Shares Outstanding | 240,745 | Short Interest | 7,662,475 |
| % Institutional | 76.5 | Market Cap | 16,146M |
| Assets | 353,404,990M | Liabilities | 143,998,650M |
| P/E Ratio | 9.5439 | Beta | 1.28 |
| Volatility | 31.86 |