Stock Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NUE
The long term trend has been DOWN since May 17th, 2017 at 56.19
The intermediate term trend has been DOWN since Nov 10th, 2017 at 56.01
The short term trend has been DOWN since Nov 3rd, 2017 at 57.72
Smart Scan Analysis for NUE
Based on a pre-defined weighted trend formula for chart analysis, NUE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||66||Year High Date||2017-03-16|
|Year Low||51.67||Year Low Date||2017-09-12|
|52wk High||68||52wk High Date||2016-12-08|
|52wk Low||51.67||52wk Low Date||2017-09-12|
|Year End Close||43.16||Average Volume||2,304,979|
|Shares Outstanding||317,638||Short Interest||7,662,475|