NUE technical analysis
NUE Technical Analysis
Analysis date
July 15, 2026
Market
NYSE (USD)
Daily cutoff
July 14, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
NUE Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- NUE
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- July 14, 2026
Adjustment factor of approximately 1.0 (adjusted close equals raw close). No stock splits or dividend adjustments materially affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| TradingView (Yahoo Finance feed, primary) | 234.16 | July 14, 2026 | - | Verified |
| Finviz (independent) | 234.16 | July 14, 2026 | 0.00% | Verified |
Bottom line
NUE Technical Analysis Summary
NUE presents a mixed technical picture with conflicting signals across daily and weekly timeframes. On the daily chart, the price at 234.16 trades below SMA20 (235.73) and SMA50 (238.58) but well above SMA200 (184.30), indicating a short-term pullback within a longer-term uptrend. The RSI at 49.65 is neutral, while the MACD histogram at -0.40 shows bearish momentum on the daily frame. On the weekly chart, the price holds above all key moving averages with SMA20 at 213.61, SMA50 at 179.19, and SMA200 at 157.31, all sloping upward. The weekly RSI at 60.57 is in bullish territory, though the MACD histogram at -1.36 has turned slightly negative. Key support sits at 214.61 (20-day low) and 190.07 (60-day low). Resistance is at 270.90 (52-week high). A sustained break below 214.61 would indicate further weakness; a move above 238.58 (SMA50) would signal a short-term recovery.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 14, 2026)
- Trend
- Mixed. Price at 234.16 is below SMA20 (235.73) and SMA50 (238.58) but well above SMA200 (184.30). The SMA20 crossed below SMA50, reflecting a bearish short-term alignment, but the SMA200 continues to slope upward, supporting the long-term uptrend. The price is in a corrective phase after the recent decline from recent highs.
- Momentum
- Bearish. RSI14 at 49.65 is at the neutral midpoint, providing no directional bias. MACD at -3.68 with signal at -3.28 and a negative histogram of -0.40 indicates bearish momentum is present but not accelerating. The RSI trending below 50 confirms short-term bearish bias.
- Volatility
- Elevated. ATR14 at 7.26 (3.10% of price) reflects above-average daily ranges for this steel stock. Bollinger Bands (211.07 to 260.38) are wide with price in the lower half, reflecting downward pressure and elevated uncertainty.
- Volume
- Below average. Latest volume of 903,236 is 55.8% of the 20-period average (1,620,000), indicating reduced participation during the recent pullback. This could suggest the selloff lacks aggressive distribution.
Assessment
The daily chart shows a stock in a short-term corrective phase within a broader uptrend. Price has fallen below the SMA20 and SMA50, with a bearish MACD setup and RSI below 50. However, the below-average volume on the pullback and strong long-term SMA200 support suggest this may be a routine correction rather than a trend reversal. A sustained close below the 20-day low at 214.61 would open the door to the 60-day low at 190.07.
Weekly (July 10, 2026 week)
- Trend
- Bullish. Price at 234.16 is above SMA20 (213.61), SMA50 (179.19), and SMA200 (157.31). All major moving averages are in a bullish alignment with SMA20 above SMA50 above SMA200. Each SMA continues to slope upward, confirming a mature multi-year uptrend.
- Momentum
- Slightly bullish. RSI14 at 60.57 is in bullish territory below the 70 overbought threshold. MACD at 18.33 with signal at 19.70 and a negative histogram of -1.36 shows the weekly MACD has turned negative, reflecting slowing upside momentum on the weekly scale.
- Volatility
- Moderate. ATR14 at 15.00 (6.40% of price) reflects normal weekly swings for a volatile steel stock. The weekly Bollinger Bands (147.67 to 279.54) show a wide range reflecting significant price expansion over the multi-year uptrend.
- Volume
- Below average. Weekly volume of 2,143,995 is below the 20-week average, showing reduced participation during the latest week. Lower volume during pullbacks relative to rallies can be constructive.
Assessment
The weekly chart maintains a bullish structure with price above all key SMAs and the SMA200 sloping upward. The RSI at 60.57 provides room for upside before reaching overbought levels. However, the MACD histogram has turned negative for the first time in the current upleg, signaling that momentum is slowing. The 52-week position at 73.7% reflects room to run toward the 52-week high of 270.90, though the recent pullback on the weekly timeframe warrants monitoring. The stock has gained approximately 65% over the past year.
Key indicators
NUE Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 49.65 | 60.57 |
| MACD (12, 26, 9) | -3.68 / -3.28 / -0.40 | 18.33 / 19.70 / -1.36 |
| ATR (14) | 7.26 (3.10%) | 15.00 (6.40%) |
| Bollinger Bands (20, 2) | 211.07 - 260.38 | 147.67 - 279.54 |
| SMA (20) | 235.73 | 213.61 |
| SMA (50) | 238.58 | 179.19 |
| SMA (200) | 184.30 | 157.31 |
Price structure
NUE Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 234.16 | 234.16 |
| 1-Period Return | +0.50% | +2.99% |
| 5-Period Return | +2.99% | -11.57% |
| 20-Period Return | -11.57% | +30.00% |
| 60-Period Return | +23.22% | +55.00% |
| 252-Period Return | +65.40% | +143.21% |
| 52-Week Low | 131.32 | 131.32 |
| 52-Week High | 270.90 | 270.90 |
| 52-Week Position | 73.66% | 73.66% |
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 | 264.80 | 270.90 |
| 20-Period Low | 214.61 | 155.00 |
| 60-Period High | 270.90 | 270.90 |
| 60-Period Low | 190.07 | 131.32 |
Scenarios
NUE Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price reclaims SMA50 at 238.58 and breaks above the 20-day high near 265 with above-average volume.
Invalidation
Price falls below the 60-day low of 190.07.
What to watch
Sustained close above SMA20 (235.73); RSI recovering above 55; MACD histogram turning positive on the daily chart.
Range-Bound
Trigger
Price continues to oscillate between SMA50 resistance near 238.58 and the 20-day low support at 214.61.
Invalidation
A decisive break of either boundary with increasing volume.
What to watch
RSI staying between 40 and 60; volume remaining below average; price holding above the 20-day low.
Bearish
Trigger
Price breaks below the 20-day low at 214.61 with increasing volume, targeting the 60-day low at 190.07.
Invalidation
Price reclaims SMA20 (235.73) and holds above it.
What to watch
Sustained closes below 214.61; MACD histogram becoming more negative; RSI falling below 40.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from TradingView (primary, Yahoo Finance feed) and Finviz (independent cross-validation). The daily analysis covers 500 completed bars (approximately 2 years) ending July 14, 2026. The weekly analysis covers 261 completed bars (approximately 5 years) ending the week of July 10, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
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.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 14, 2026, weekly July 10, 2026 week. Generated July 15, 2026.
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