NUCOR CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NUE
ISIN:

NUCOR CORP. - 1H - Technical analysis published on 02/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 186.54 USD

My targets

190.96 USD (+0.54%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NUCOR CORP. as long as the price remains well above 186.54 USD. The buyers' bullish objective is set at 190.96 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NUCOR CORP. rating 189.93 USD. The price registered an increase of +1.76% on the session with the lowest point at 186.20 USD and the highest point at 190.85 USD. The deviation from the price is +2.00% for the low point and -0.48% for the high point.

186.20

190.85

189.93

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NUCOR CORP. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	178.22	182.78	186.54	189.93	190.96
Change (%)	-6.17%	-3.76%	-1.78%	-	+0.54%
Change	-11.71	-7.15	-3.39	-	+1.03
Level	Minor	Major	Major	-	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	181.55	183.11	184.88	186.44	188.21	189.77	191.54
Camarilla	185.73	186.04	186.35	186.65	186.96	187.26	187.57
Woodie	181.66	183.16	184.99	186.49	188.32	189.82	191.65
Fibonacci	183.11	184.38	185.17	186.44	187.71	188.50	189.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	167.98	173.10	179.34	184.46	190.70	195.82	202.06
Camarilla	182.46	183.50	184.54	185.58	186.62	187.66	188.70
Woodie	168.54	173.38	179.90	184.74	191.26	196.10	202.62
Fibonacci	173.10	177.44	180.12	184.46	188.80	191.48	195.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	145.49	155.39	171.16	181.06	196.83	206.73	222.50
Camarilla	179.87	182.22	184.58	186.93	189.28	191.64	193.99
Woodie	148.43	156.86	174.10	182.53	199.77	208.20	225.44
Fibonacci	155.39	165.20	171.25	181.06	190.87	196.92	206.73

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.13
MACD (12,26,9):	1.2700
Directional Movement:	18.13
AROON (14):	85.72
DEMA (21):	188.79
Parabolic SAR (0,02-0,02-0,2):	185.67
Elder Ray (13):	1.95
Super Trend (3,10):	186.72
Zig ZAG (10):	189.65
VORTEX (21):	1.2300
Stochastique (14,3,5):	92.80
TEMA (21):	189.69
Williams %R (14):	-14.29
Chande Momentum Oscillator (20):	4.39
Repulse (5,40,3):	0.5000
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	5.11

MA7:	185.42
MA20:	184.13
MA50:	176.83
MA100:	165.44
MAexp7:	189.07
MAexp20:	187.33
MAexp50:	185.95
MAexp100:	184.42
Price / MA7:	+2.43%
Price / MA20:	+3.15%
Price / MA50:	+7.41%
Price / MA100:	+14.80%
Price / MAexp7:	+0.45%
Price / MAexp20:	+1.39%
Price / MAexp50:	+2.14%
Price / MAexp100:	+2.99%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on NUCOR CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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