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Steel Industry Stocks Technical Analysis - NUEArchive
- 9/5/2025 -
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Nucor Corp. (NUE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Nucor Corp. (NUE). During the week, the NUE gave back -1.47 points, or -0.99%, and closed at 147.26 on Friday, September 5, 2025. Weekly volume was -46% below average.
 Long-term trend: [See NUE long-term trend chart]
A long-term downtrend had started on April 9, 2024 at 203.00 and reached 97.60 on April 7, 2025. NUE lost 105.40 points, or 51.92%, in 51 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (70.33) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
 Medium-term trend: [See NUE medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 97.60 and reached 151.32 on August 15, 2025. NUE gained -53.72 points, or -55.04%, in 18 weeks. The price is now at the 7.56% retracement level.
 Weekly Technical Indicators: [See NUE weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 30, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See NUE short-term trend chart]
A short-term downtrend had started on August 15, 2025 at 151.32 and reached 142.30 on September 4, 2025. NUE lost 9.02 points, or 5.96%, in 20 days. The chart has formed a Rectangle chart pattern. The trend support level is at 142.26 and resistance is at 151.09. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a short-term trend.
 Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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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