NUE Technical Signal Analysis
NUE have 1 buy signal and 3 sell signals now. The current trend is consolidation starting from 2025-03-07. The total price change during this trend is -2.14%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of NUE over last 5 trading day is $386,134,714.63
1 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Moving Average
Price crosses above 5-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.87
Bearish
Momentum (10 days)
MOM_10 < 0
-3.71
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.25
Bearish
1 Bullish Signal
Name
Signal
Value
Meaning
Moving Average
Price crosses above 5-day SMA
--
Bullish
NUE Support and Resistance Level
The support levels for NUE are at 127.16, 123.73, and 118.19, while the resistance levels are at 138.24, 141.67, and 147.21. With the current stock price at 129.56, it is leaning more toward the support levels.
NUE Technical Analysis
Technical Analysis of NUE Stock
Current Price and Key Levels
As of the latest data, NUE is trading at $133.99. Key technical levels include:
- Resistance Levels: $135.38, $138.85, $142.11
- Support Levels: $131.53, $128.31, $125.05
Technical Indicators
- RSI (14): 51.05 (Neutral)
- MACD: 0.74 (Bullish)
- Stochastic Oscillator: 30.65 (Oversold)
Moving Averages
- 20-Day SMA: $135.56
- 50-Day SMA: $134.09
- 200-Day SMA: $127.76
Bollinger Bands
The stock is currently near the lower Bollinger Band, suggesting potential oversold conditions.
Volume Analysis
Volume has been decreasing over the past few sessions, indicating reduced buying interest.
Recommendation
Buy if the stock breaks above $135.38 with increasing volume, targeting $138.85.
Sell if the stock breaks below $131.53, targeting $128.31.
Price Target
- Buy Target: $138.85
- Sell Target: $131.53
NUE FAQs
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Which bearish technical signals does NUE have?
How reliable is technical analysis?
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Is NUE a buy based on overall technical signals summary?
NUE Buy or Sell
NUE has 1 buy signals and 3 sell signals now. Overall the technical rating for NUE is Sell.
Sell
Sell
3
Buy
1
NUE Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 129.56 below the SMA_5. In the short term, the stock shows a negative trend with the 130.63 below the SMA_20. In the mid term, the stock shows a positive trend with the 134.63 above the SMA_60. In the long term, the stock shows a negative trend with the 127.16 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about NUE's current trend?What are NUE's key support and resistance levels?