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Stock Trend Analysis Report

Prepared for you on Sunday, May 28, 2023.

Nucor Corporation (NYSE:NUE)

Long-Term Downtrend (-90) - NUE is in a strong downtrend that is likely to continue. While NUE is showing intraday strength, it remains in the confines of a bearish trend. 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.

Open High Low NUE Price Change
136.640 137.390 134.680 136.185 +1.495
Entry Signal

MarketClub’s Trade Triangles for NUE

long term down The long-term trend has been DOWN since May 4th, 2023 at 139.0300

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2023 at 143.6700

short term down The short-term trend has been DOWN since May 23rd, 2023 at 137.3936

Smart Scan Analysis for NUE

Based on our trend formula, NUE is rated as a -90 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
136.640 137.390 134.680 136.185 +1.495
Prev. Close Volume Bid Ask Time
136.140 790019 2023-05-26 15:59:55
Year High70.48Year High Date2018-01-12
Year Low55.55Year Low Date2018-10-26
52wk High182.6852wk High Date2023-02-03
52wk Low100.12552wk Low Date2022-07-05
Year End Close43.16Average Volume1,550,191
Shares Outstanding251,223Short Interest7,662,475
% Institutional76.5Market Cap16,146M
P/E Ratio5.2696Beta1.28
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