US stock / ETF

Nucor Corporation

NUE · NYSE · USD

4 hoursBullish77%
4h Upside probability 77%Bullish

NUE 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $242.99 and reclaim $280.11.

Invalidation Trigger

Lose $242.99 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 62.5, MACD -0.765

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.07 (1.12%)

4h

EMA Structure

Bullish
EMA 8$272.36Bullish
EMA 21$268.48Bullish
EMA 50$259.03Bullish

Signals

CategoryReadStrength
Momentum
RSI 62.5 · MACD -0.765

Momentum is strong

Strength
Range
Volatility
ATR $3.07 · BB 10.08%

Low volatility

Strength
Bullish
Volume
MFI 54.6 · OBV 7.33%

Relative to 20-period average volume

Strength
Range
Price Levels
$242.99 - $280.11

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.87% · 3.4 ATR above latest close

$283.18
Nearest resistance

+2.74% · 2.4 ATR above · 34-bar high

$280.11
Current price

Price shown is delayed

$272.63
Nearest support

-10.87% · 9.7 ATR below · 34-bar low

$242.99
Deeper support zone

-12% · 10.7 ATR below latest close

$239.92
ATR zone

Latest close ± ATR14

$269.56 - $275.7

Indicators

Trend

Dow Theory Structure

Confirmation $266.89, invalidation $276.85

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

43.0 / 40.2 / 24.6Bullish
Supertrend (10,3)

Price is above Supertrend

$264.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$266.71 / $255.05Bullish
Donchian Channel (20)

20-period breakout channel position

73%Bullish

Volatility

ATR (14)

Low volatility

$3.07 (1.12%)Bullish
Bollinger Bands (20,2)

Width 10.08%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$274.45 / $263.24Bullish
ATR channel lower / upper

Current Volatility Envelope

$269.56 / $275.7Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$280.11Range
Support

Nearest Downside Decision Level

$242.99Range

Momentum

RSI (14)

Momentum is strong

62.5Bullish
MACD (12,26,9)

Histogram is negative

-0.765Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

54.3 / 57.2Bearish
Williams %R (14)

Neutral zone

-45.7Range
CCI (20)

Balanced zone

41.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.6Range
OBV slope

20-period OBV slope

7.33%Bullish
Volume ratio

Relative to 20-period average volume

0.87xBearish

Trend

Dow Theory Structure

Confirmation $266.89, invalidation $276.85

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

43.0 / 40.2 / 24.6Bullish
Supertrend (10,3)

Price is above Supertrend

$264.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$266.71 / $255.05Bullish
Donchian Channel (20)

20-period breakout channel position

73%Bullish

Momentum

RSI (14)

Momentum is strong

62.5Bullish
MACD (12,26,9)

Histogram is negative

-0.765Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

54.3 / 57.2Bearish
Williams %R (14)

Neutral zone

-45.7Range
CCI (20)

Balanced zone

41.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$3.07 (1.12%)Bullish
Bollinger Bands (20,2)

Width 10.08%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$274.45 / $263.24Bullish
ATR channel lower / upper

Current Volatility Envelope

$269.56 / $275.7Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.6Range
OBV slope

20-period OBV slope

7.33%Bullish
Volume ratio

Relative to 20-period average volume

0.87xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$280.11Range
Support

Nearest Downside Decision Level

$242.99Range

Related Forecasts