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Stock Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Nucor Corporation (NYSE:NUE)

Weak Uptrend (+65) - NUE is showing signs of weakening momentum to the upside. Monitor NUE as it may be in the beginning stages of a reversal.

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.

NYSE_NUE
Open High Low NUE Price Change
189.8700 191.9250 188.2934 189.8000 +1.3200
Entry Signal

MarketClub’s Trade Triangles for NUE

long term up The long-term trend has been UP since Dec 15th, 2023 at 174.92

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 182.68

short term up The short-term trend has been UP since Mar 15th, 2024 at 186.27

Smart Scan Analysis for NUE

Based on our trend formula, NUE is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for NUE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
189.8700 191.9250 188.2934 189.8000 +1.3200
Prev. Close Volume Bid Ask Time
189.8000 769663 2024-03-18 15:59:57
Year High70.48Year High Date2018-01-12
Year Low55.55Year Low Date2018-10-26
52wk High19552wk High Date2024-03-01
52wk Low129.7952wk Low Date2023-05-31
Year End Close43.16Average Volume1,412,932
Shares Outstanding240,745Short Interest7,662,475
% Institutional76.5Market Cap16,146M
Assets353,404,990MLiabilities143,998,650M
P/E Ratio10.4711Beta1.28
Volatility31.86
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