Nucor Corporation technical analysis
Technical analysis of Nucor Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Nucor Corporation
Nucor Corporation is a company in the basic materials sector engaged in the manufacture and sale of steel and steel products. The company operates in three segments: Steel Mills, which produces sheet steel, plate steel, and structural steel products; Steel Products, which offers prefabricated steel components including joists, decking, and building systems; and Raw Materials, which produces direct reduced iron, brokers ferrous and nonferrous metals, and processes scrap metal.
Description generated automatically from public sources; it may be inaccurate or out of date.
Nucor Corporation: latest session data
Closing values for October 19, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
247.33 $
+4.24%
50 sessions
253.19 $
+1.83%
200 sessions
218.65 $
+17.92%
Session levels
s2
249.94
Support
s1
253.12
Support
pivot
258.49
Pivot
r1
261.67
Resistance
r2
267.04
Resistance
How to read it
In the October 19, 2026 session Nucor Corporation closed higher at 257.83 $, +0.60% versus the previous session.
The price sits above every moving average observed: +4.24% against the 21-session average, +1.83% against the 50 and +17.92% against the 200.
The 14-period RSI reads 58.2, in neutral territory.
MACD stands at 1.406 against a signal line at -0.305: the histogram is positive (+1.711).
ADX reads 14.1, indicating weak directionality.
Levels computed on the latest session place supports at 253.12 and 249.94 $ and resistances at 261.67 and 267.04 $, around a pivot of 258.49.
The average daily range (ATR) is 7.372 $, or 2.86% of price.
Turnover was 177.2K shares, 16% of the 20-session average.
Over the last twelve months the price ranged between 214.13 and 279.45 $, and today stands −7.74% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Nucor Corporation
How is Nucor Corporation analysed technically?
Technical analysis of Nucor Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Nucor Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Nucor Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Nucor Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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