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Stock Trend Analysis Report
Prepared for you on Friday, September 13, 2024.
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 1st, 2024 at 168.21
The intermediate-term trend has been DOWN since Aug 2nd, 2024 at 150.27
The short-term trend has been DOWN since Sep 3rd, 2024 at 147.30
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 |
|---|---|---|---|---|
| 138.880 | 140.735 | 137.720 | 140.575 | +2.805 |
| Prev. Close | Volume | Bid | Ask | Time |
| 140.600 | 1073642 | 2024-09-12 15:59:39 |
| Year High | 70.48 | Year High Date | 2018-01-12 |
| Year Low | 55.55 | Year Low Date | 2018-10-26 |
| 52wk High | 203 | 52wk High Date | 2024-04-09 |
| 52wk Low | 133.42 | 52wk Low Date | 2024-09-11 |
| Year End Close | 43.16 | Average Volume | 1,242,638 |
| Shares Outstanding | 237,338 | Short Interest | 7,662,475 |
| % Institutional | 76.5 | Market Cap | 16,146M |
| Assets | 341,852,250M | Liabilities | 134,617,000M |
| P/E Ratio | 9.9258 | Beta | 1.28 |
| Volatility | 31.86 |