NUCOR CORP. - 1H - Technical analysis published on 02/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
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.So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
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
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:
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 |
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 |
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:
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% |
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:
- Nucor Board of Directors Approves Funding for New Pacific Northwest Rebar Micro Mill
- Nucor Announces 204th Consecutive Cash Dividend
- Nucor Reports Results for the Fourth Quarter and Full Year 2023
- Nucor Invites You to Join Its Fourth Quarter of 2023 Conference Call on the Web
- Nucor Invites You to Join Its Fourth Quarter of 2023 Conference Call on the Web
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