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Archive
- 7/10/2026 -
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Nucor Corp. (NUE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Nucor Corp. (NUE). During the week, the NUE gained 6.62 points, or 3.00%, and closed at 227.37 on Friday, July 10, 2026. Weekly volume was -23% below average.
 Long-term trend: [See NUE long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 97.60 and reached 270.90 on June 15, 2026. NUE gained -173.30 points, or -177.56%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 174.29 and resistance is at 234.69. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See NUE medium-term trend chart]
A medium-term uptrend had started on March 19, 2026 at 155.14 and reached 270.90 on June 15, 2026. NUE gained -115.76 points, or -74.62%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (275.33) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. NUE may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See NUE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See NUE short-term trend chart]
A short-term uptrend had started on July 9, 2026 at 221.68 and reached 228.04 on July 10, 2026. NUE gained -6.36 points, or -2.87%, in 1 days. The price is now at the 10.53% retracement level.
 Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since June 8, 2026.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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