US stock / ETF

Nucor Corporation

NUE · NYSE · USD

4 hoursBullish92%
4h Upside probability 92%Bullish

NUE 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $250.74 and reclaim $275.

Invalidation Trigger

Lose $250.74 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 60.5, MACD 1.028

4h
Volatility EnvironmentRange
Low volatility

ATR is $5.18 (1.92%)

4h

EMA Structure

Bullish
EMA 8$266.45Bullish
EMA 21$262.81Bullish
EMA 50$258.68Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.5 · MACD 1.028

Momentum is strong

Strength
Bullish
Volatility
ATR $5.18 · BB 8.66%

Low volatility

Strength
Range
Volume
MFI 51.3 · OBV -10.25%

Relative to 20-period average volume

Strength
Range
Price Levels
$250.74 - $275

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.92% · 2.0 ATR above latest close

$280.18
Nearest resistance

+1.99% · 1.0 ATR above · 34-bar high

$275
Current price

Price shown is delayed

$269.63
Nearest support

-7% · 3.6 ATR below · 34-bar low

$250.74
Deeper support zone

-8.93% · 4.6 ATR below latest close

$245.56
ATR zone

Latest close ± ATR14

$264.44 - $274.81

Indicators

Trend

Dow Theory Structure

Confirmation $275, invalidation $252.5

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

29.0 / 41.3 / 20.9Bullish
Supertrend (10,3)

Price is above Supertrend

$253.15Bullish
Ichimoku Cloud

Cloud Span A / Span B

$263.31 / $260.12Bullish
Donchian Channel (20)

20-period breakout channel position

78%Bullish

Volatility

ATR (14)

Low volatility

$5.18 (1.92%)Range
Bollinger Bands (20,2)

Width 8.66%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$274.86 / $251.13Range
ATR channel lower / upper

Current Volatility Envelope

$264.44 / $274.81Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$275Range
Support

Nearest Downside Decision Level

$250.74Range

Momentum

RSI (14)

Momentum is strong

60.5Bullish
MACD (12,26,9)

Histogram is positive

1.028Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.1 / 77.3Bearish
Williams %R (14)

Neutral zone

-23.9Range
CCI (20)

Strong expansion

130.4Bullish
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.3Range
OBV slope

20-period OBV slope

-10.25%Bearish
Volume ratio

Relative to 20-period average volume

0.38xBearish

Trend

Dow Theory Structure

Confirmation $275, invalidation $252.5

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

29.0 / 41.3 / 20.9Bullish
Supertrend (10,3)

Price is above Supertrend

$253.15Bullish
Ichimoku Cloud

Cloud Span A / Span B

$263.31 / $260.12Bullish
Donchian Channel (20)

20-period breakout channel position

78%Bullish

Momentum

RSI (14)

Momentum is strong

60.5Bullish
MACD (12,26,9)

Histogram is positive

1.028Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.1 / 77.3Bearish
Williams %R (14)

Neutral zone

-23.9Range
CCI (20)

Strong expansion

130.4Bullish
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$5.18 (1.92%)Range
Bollinger Bands (20,2)

Width 8.66%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$274.86 / $251.13Range
ATR channel lower / upper

Current Volatility Envelope

$264.44 / $274.81Range

Volume / Money Flow

MFI (14)

Money flow is neutral

51.3Range
OBV slope

20-period OBV slope

-10.25%Bearish
Volume ratio

Relative to 20-period average volume

0.38xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$275Range
Support

Nearest Downside Decision Level

$250.74Range

Related Forecasts