Stock Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Nucor Corporation (NYSE:NUE)
Strong Uptrend (+100) - NUE is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NUE continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jun 3rd, 2020 at 44.08
The intermediate-term trend has been UP since Oct 20th, 2021 at 104.62
The short-term trend has been UP since Oct 25th, 2021 at 106.55
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).
|Year High||70.48||Year High Date||2018-01-12|
|Year Low||55.55||Year Low Date||2018-10-26|
|52wk High||128.81||52wk High Date||2021-08-13|
|52wk Low||46||52wk Low Date||2020-10-29|
|Year End Close||43.16||Average Volume||2,889,444|
|Shares Outstanding||293,695||Short Interest||7,662,475|
|% Institutional||76.5||Market Cap||16,146M|