Nucor Corporation (NUE) declined in its recent intraday trading after being held below the key resistance level at $143.00, prompting a round of profit-taking following previous gains. The stock is now attempting to build positive momentum that could help it recover and eventually break through that resistance. It remains under the influence of a short-term corrective uptrend, trading along an ascending trendline and supported by continued movement above the 50-day SMA.

Therefore we expect the stock to rise in upcoming sessions, especially if it breaks above the $143.00 resistance level, targeting the next resistance at $158.50.

Todays price forecast: Bullish.

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Weekly performance report available here: Trading Signal Results Week of July 1418, 2025