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Steel Industry Stocks Technical Analysis - NUEArchive
- 12/5/2025 -
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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 -0.04 points, or -0.03%, and closed at 159.45 on Friday, December 5, 2025. Weekly volume was -30% 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 (54.19) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NUE may retest the broken resistance line. It is considered to be a support 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 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 166.27 on December 3, 2025. NUE gained -68.67 points, or -70.36%, in 34 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 139.80 and resistance is at 181.97. 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 medium-term trend.
 Weekly Technical Indicators: [See NUE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 24, 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 uptrend had started on November 10, 2025 at 140.93 and reached 166.27 on December 3, 2025. NUE gained -25.34 points, or -17.98%, in 23 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 151.07 and resistance is at 169.43. 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 short-term trend.
 Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 20, 2025. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (158.61) comes close to the price (159.45). It indicates that the trend is getting weaker. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
4 |
| Industry |
Steel |
108 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
166.27 |
| High Date |
12/03/2025 |
| Low |
159.14 |
| Low Date |
12/05/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
169.43 |
| Support |
151.07 |
| Low |
140.93 |
| Low Date |
11/10/2025 |
| High |
166.27 |
| High Date |
12/03/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
131.32 |
| Low Date |
10/17/2025 |
| High |
166.27 |
| High Date |
12/03/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
181.97 |
| Support |
139.80 |
| Low |
97.60 |
| Low Date |
04/07/2025 |
| High |
166.27 |
| High Date |
12/03/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
96.65 |
| Support |
54.19 |
| High |
203.00 |
| High Date |
04/09/2024 |
| Low |
97.60 |
| Low Date |
04/07/2025 |
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