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Stock Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

Nucor Corporation (NYSE:NUE)

Crossroads (+60) - NUE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open High Low NUE Price Change
171.47 172.81 169.77 170.43 +0.46
Entry Signal

MarketClub’s Trade Triangles for NUE

long term down The long-term trend has been DOWN since Oct 12th, 2023 at 151.380

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 155.150

short term up The short-term trend has been UP since Nov 27th, 2023 at 159.235

Smart Scan Analysis for NUE

Based on our trend formula, NUE is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NUE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
171.47 172.81 169.77 170.43 +0.46
Prev. Close Volume Bid Ask Time
170.41 1665494 2023-12-01 15:59:58
Year High70.48Year High Date2018-01-12
Year Low55.55Year Low Date2018-10-26
52wk High182.6852wk High Date2023-02-03
52wk Low129.46552wk Low Date2022-12-16
Year End Close43.16Average Volume1,250,027
Shares Outstanding245,839Short Interest7,662,475
% Institutional76.5Market Cap16,146M
P/E Ratio8.5974Beta1.28
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