US stock / ETF

Nucor Corporation

NUE · NYSE · USD

4 hoursBullish92%
4h Upside probability 92%Bullish

NUE 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $220 and reclaim $238.07.

Invalidation Trigger

Lose $220 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 61.1, MACD 0.109

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.07 (0.88%)

4h

EMA Structure

Bullish
EMA 8$235.9Bullish
EMA 21$233.72Bullish
EMA 50$233.27Bullish

Signals

CategoryReadStrength
Momentum
RSI 61.1 · MACD 0.109

Momentum is strong

Strength
Bullish
Volatility
ATR $2.07 · BB 5.50%

Low volatility

Strength
Bullish
Volume
MFI 65.8 · OBV 14.14%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$220 - $238.07

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.49% · 1.7 ATR above latest close

$240.14
Nearest resistance

+0.62% · 0.7 ATR above · 34-bar high

$238.07
Current price

Price shown is delayed

$236.61
Nearest support

-7.02% · 8.0 ATR below · 34-bar low

$220
Deeper support zone

-7.9% · 9.0 ATR below latest close

$217.93
ATR zone

Latest close ± ATR14

$234.54 - $238.68

Indicators

Trend

Dow Theory Structure

Confirmation $231.13, invalidation $237.23

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

Trend strength is active

46.2 / 26.9 / 30.6Bearish
Supertrend (10,3)

Price is above Supertrend

$229.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$232.37 / $231.06Bullish
Donchian Channel (20)

20-period breakout channel position

90%Bullish

Volatility

ATR (14)

Low volatility

$2.07 (0.88%)Bullish
Bollinger Bands (20,2)

Width 5.50%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$238.59 / $229.13Bullish
ATR channel lower / upper

Current Volatility Envelope

$234.54 / $238.68Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.07Range
Support

Nearest Downside Decision Level

$220Range

Momentum

RSI (14)

Momentum is strong

61.1Bullish
MACD (12,26,9)

Histogram is positive

0.109Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.0 / 77.6Bullish
Williams %R (14)

Neutral zone

-21.0Range
CCI (20)

Balanced zone

76.8Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

65.8Bullish
OBV slope

20-period OBV slope

14.14%Bullish
Volume ratio

Relative to 20-period average volume

2.44xBullish

Trend

Dow Theory Structure

Confirmation $231.13, invalidation $237.23

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

Trend strength is active

46.2 / 26.9 / 30.6Bearish
Supertrend (10,3)

Price is above Supertrend

$229.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$232.37 / $231.06Bullish
Donchian Channel (20)

20-period breakout channel position

90%Bullish

Momentum

RSI (14)

Momentum is strong

61.1Bullish
MACD (12,26,9)

Histogram is positive

0.109Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.0 / 77.6Bullish
Williams %R (14)

Neutral zone

-21.0Range
CCI (20)

Balanced zone

76.8Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$2.07 (0.88%)Bullish
Bollinger Bands (20,2)

Width 5.50%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$238.59 / $229.13Bullish
ATR channel lower / upper

Current Volatility Envelope

$234.54 / $238.68Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

65.8Bullish
OBV slope

20-period OBV slope

14.14%Bullish
Volume ratio

Relative to 20-period average volume

2.44xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$238.07Range
Support

Nearest Downside Decision Level

$220Range

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