The Greedy Trader Weekly Analysis
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- 8/8/2025 -
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Nucor Corp. (NUE) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week for the Nucor Corp. (NUE). During the week, the NUE climbed 0.31 points, or 0.22%, and closed at 138.98 on Friday, August 8, 2025. Weekly volume was -52% below average.

Long-term trend: [See NUE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 27.53 and reached 203.00 on April 9, 2024. NUE gained -175.47 points, or -637.38%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (197.73) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See NUE medium-term trend chart]
A medium-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 (75.18) 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 medium-term trend.

Weekly Technical Indicators: [See NUE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since May 30, 2025. The distance between MACD and the signal line is relatively high, but getting smaller. 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 29, 2025 at 134.03 and reached 144.67 on July 31, 2025. NUE gained -10.64 points, or -7.94%, in 2 days. The price is now at the 53.48% retracement level.

Daily Technical Indicators: [See NUE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 15, 2025.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (7.37%) is close to one year low (6.80%). It is 56.97% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.69
Williams' Percentage Range (W%R) 64.00
Lane's Stochastic (%D-Slow) 34.62
Greed/Fear Indicator (GFI) 38.45
Moving Average Converg./Diverg. (MACD) 2.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.37
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 87.38
Overbought
Greed/Fear Indicator (GFI) 76.22
Moving Average Converg./Diverg. (MACD) -1.47
Trading Signals
Description Value Chart
Monthly Trendline Resistance 150.75
Upper Bollinger Band 144.32
Parabolic System 144.21
Weekly Stochastic Crossing 142.61
20 Day Moving Average 140.94
Daily Stochastic Crossing 139.49
Price 138.98
Lower Bollinger Band 134.07
50 Day Moving Average 132.56
Quarterly Trendline Resistance 117.64
Monthly Trendline Support 117.38
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Steel 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 134.03
Low Date 07/29/2025
High 144.67
High Date 07/31/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 147.15
High Date 07/28/2025
Low 134.03
Low Date 07/29/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 150.75
Support 117.38
Low 97.60
Low Date 04/07/2025
High 147.15
High Date 07/28/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 117.64
Support 75.18
High 203.00
High Date 04/09/2024
Low 97.60
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 213.23
Support 197.73
Low 27.53
Low Date 03/18/2020
High 203.00
High Date 04/09/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.