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Steel Industry Stocks Technical Analysis - NUEArchive
- 7/24/2026 -
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Nucor Corp. (NUE) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a third positive week after 3 consecutive negative weeks for the Nucor Corp. (NUE). During the week, the NUE gained 10.95 points, or 4.63%, and closed at 247.56 on Friday, July 24, 2026. Weekly volume was -22% 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 price is now at the 13.47% retracement level.
 Medium-term trend: [See NUE medium-term trend chart]
A medium-term downtrend had started on June 15, 2026 at 270.90 and reached 214.61 on July 1, 2026. NUE lost 56.29 points, or 20.78%, in 2 weeks. The price is now at the 58.54% retracement level.
 Weekly Technical Indicators: [See NUE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 10, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 1, 2026 at 214.61 and reached 249.02 on July 24, 2026. NUE gained -34.41 points, or -16.03%, in 23 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (236.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.
 Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 above its signal line since July 14, 2026. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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