NUE technical analysis
NUE Technical Analysis
Analysis date
August 4, 2026
Market
NYSE (USD)
Daily cutoff
August 3, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
NUE Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- NUE
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 3, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 261.28 | August 3, 2026 | - | Verified |
| Verification series | 261.28 | August 3, 2026 | 0.00% | Verified |
Bottom line
NUE Technical Analysis Summary
NUE presents a bullish technical picture across daily and weekly timeframes, with the price trading near the top of its 52-week range. On the daily chart, the price at 261.28 is above SMA20 (240.69), SMA50 (243.12), and SMA200 (191.10), with RSI at 65.27 and a positive MACD histogram at 2.92, reflecting strong short-term momentum. The daily RSI is approaching but has not reached overbought territory. On the weekly chart, the price holds above all key moving averages with SMA20 at 221.91, SMA50 at 182.65, and SMA200 at 154.59, all in a bullish alignment. The weekly RSI at 67.62 is near overbought, while the weekly MACD histogram at -0.22 has flattened, indicating momentum consolidation after a powerful multi-year advance. Key support sits at 240.69 (SMA20), 221.68 (20-day low), and 214.61 (60-day low). Resistance is at 270.24 (52-week high). A sustained break above 270.24 would signal a new bullish breakout; a close below 240.69 would indicate short-term weakness.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 3, 2026)
- Trend
- Bullish. Price at 261.28 is above SMA20 (240.69), SMA50 (243.12), and SMA200 (191.10). The price has reclaimed both the 20-day and 50-day averages and trades near the 52-week high of 270.24. The SMA20 still sits slightly below SMA50, so the short-term moving-average alignment remains mixed even though price holds above all three averages. The SMA200 continues to provide the main long-term support for the uptrend.
- Momentum
- Bullish. RSI14 at 65.27 is in bullish territory below the 70 overbought threshold, leaving room for further upside. MACD at 6.17 with signal at 3.26 and a positive histogram of 2.92 indicates accelerating bullish momentum on the daily frame.
- Volatility
- Elevated. ATR14 at 8.34 (3.19% of price) reflects above-average daily ranges for this steel stock. Bollinger Bands (215.60 to 265.77) are wide with price near the upper band, reflecting strong upward pressure and elevated uncertainty.
- Volume
- In line with average. Latest volume of 1,286,400 is about 96% of the 20-period average (1,336,505), indicating participation is roughly normal during the recent advance.
Assessment
The daily chart shows a strong uptrend resumption with the price above all key moving averages, a bullish RSI, and a positive MACD setup. The stock trades near the top of its 52-week range at 93.6% of the range, close to the 52-week high of 270.24. The main watch point is whether the price can clear resistance near 270.24. A break below SMA20 at 240.69 would signal short-term weakening, while a move below the 20-day low at 221.68 would open the door to the 60-day low at 214.61.
Weekly (July 27, 2026 week)
- Trend
- Bullish. Price at 257.29 is above SMA20 (221.91), SMA50 (182.65), and SMA200 (154.59). The moving averages are in a bullish alignment with SMA20 above SMA50 above SMA200, confirming a mature multi-year uptrend with the SMA200 sloping upward.
- Momentum
- Bullish but slowing. RSI14 at 67.62 is in bullish territory and close to the 70 overbought threshold. MACD at 19.47 with signal at 19.69 and a histogram at -0.22 shows momentum has flattened after the strong prior run, signaling consolidation rather than a reversal.
- Volatility
- Elevated. ATR14 at 16.09 (6.25% of price) reflects normal weekly swings for a volatile steel stock. The weekly Bollinger Bands (160.28 to 283.53) show a wide range reflecting the significant price expansion over the multi-year uptrend, with price in the upper portion.
- Volume
- Above average. Latest weekly volume of 8,995,500 is about 121% of the 20-week average (7,441,990), showing increased participation during the recent advance.
Assessment
The weekly chart maintains a bullish structure with price above all key SMAs and the SMA200 sloping upward. The stock trades at 90.8% of its 52-week range, with room toward the 52-week high of 270.24. The RSI at 67.62 is approaching overbought, and the MACD histogram has flattened to -0.22, indicating momentum is consolidating after a rally of roughly 182.70% over the last 252 weekly bars. The uptrend remains intact as long as the price holds above SMA20 at 221.91.
Key indicators
NUE Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 65.27 | 67.62 |
| MACD (12, 26, 9) | 6.17 / 3.26 / 2.92 | 19.47 / 19.69 / -0.22 |
| ATR (14) | 8.34 (3.19%) | 16.09 (6.25%) |
| Bollinger Bands (20, 2) | 215.60 - 265.77 | 160.28 - 283.53 |
| SMA (20) | 240.69 | 221.91 |
| SMA (50) | 243.12 | 182.65 |
| SMA (200) | 191.10 | 154.59 |
Price structure
NUE Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 261.28 | 257.29 |
| 1-Period Return | +1.55% | +3.93% |
| 5-Period Return | +5.41% | +7.57% |
| 20-Period Return | +16.68% | +58.31% |
| 60-Period Return | +11.83% | +115.38% |
| 252-Period Return | +85.07% | +182.70% |
| 52-Week Low | 130.11 | 130.11 |
| 52-Week High | 270.24 | 270.24 |
| 52-Week Position | 93.61% | 90.76% |
Key levels
NUE Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 270.02 | 270.24 |
| 20-Period Low | 221.68 | 154.23 |
| 60-Period High | 270.24 | 270.24 |
| 60-Period Low | 214.61 | 113.65 |
Scenarios
NUE Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks and holds above the 52-week high near 270.24 with above-average volume.
Invalidation
Price falls below the 60-day low of 214.61.
What to watch
Sustained close above SMA20 (240.69); RSI moving above 70 on the daily chart; MACD histogram continuing to expand.
Range-Bound
Trigger
Price oscillates between SMA20 support near 240.69 and the 52-week high resistance near 270.24.
Invalidation
A decisive break of either boundary with increasing volume.
What to watch
RSI staying between 55 and 70; volume remaining near the 20-period average; price holding above the 20-day low.
Bearish
Trigger
Price breaks below SMA20 at 240.69 with increasing volume, targeting the 20-day low at 221.68 and then the 60-day low at 214.61.
Invalidation
Price reclaims the 52-week high near 270.24 and holds above it.
What to watch
Sustained closes below 240.69; MACD histogram turning negative; RSI falling below 55.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 3, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 3, 2026, weekly July 27, 2026 week. Generated August 4, 2026.
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