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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.
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MarketClub’s Trade Triangles for NUE
The long-term trend has been DOWN since May 4th, 2023 at 139.0300
The intermediate-term trend has been DOWN since May 2nd, 2023 at 143.6700
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).
| 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 High | 70.48 | Year High Date | 2018-01-12 |
| Year Low | 55.55 | Year Low Date | 2018-10-26 |
| 52wk High | 182.68 | 52wk High Date | 2023-02-03 |
| 52wk Low | 100.125 | 52wk Low Date | 2022-07-05 |
| Year End Close | 43.16 | Average Volume | 1,550,191 |
| Shares Outstanding | 251,223 | Short Interest | 7,662,475 |
| % Institutional | 76.5 | Market Cap | 16,146M |
| Assets | 322,463,900M | Liabilities | 132,290,090M |
| P/E Ratio | 5.2696 | Beta | 1.28 |
| Volatility | 31.86 |