Nucor (NUE) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for NUE · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$274.04last close · Aug 4, 202652-week range $131.32 – $274.42 · 0.14% below the high

NUE Bullish Pennant Pattern

NUE is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $191.78 (+10.9%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; NUE's own bullish pennants have hit 80.0%.

DirectionBullishTarget$191.78Projected move+10.9%Breakout level$174.84

New to this pattern? What a bullish pennant is and how to trade it →

NUE's Most Recent Bullish Pennant Trade

NUE's most recent completed bullish pennant resolved as a win: it broke higher on Jan 15, 2026 near $175.04, then reached its target at $183.23 on Feb 13, 2026 — a +0.60R move (4.7%) over 20 sessions. Across 159 backtested bullish pennants, this setup wins 57.2% of the time.

OutcomeWinResult+0.60REntry$175.04Exit$183.23

Learn about bullish pennant

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
NUE win rate
80.0%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

NUE Pattern Trade History

Every completed pattern trade our nightly backtest found on NUE's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantJan 15, 2026 @ $175.04Feb 13, 2026 @ $183.23Win+0.60R
Rising WedgeJan 7, 2026 @ $165.79Jan 14, 2026 @ $172.29Loss-1.06R
Rising WedgeDec 17, 2025 @ $156.99Jan 2, 2026 @ $169.40Loss-1.12R
Falling WedgeOct 23, 2025 @ $138.67Nov 4, 2025 @ $144.29Win+0.77R
TriangleSep 2, 2025 @ $145.96Sep 18, 2025 @ $136.61Win+1.80R
Rising WedgeJul 15, 2025 @ $141.70Jul 25, 2025 @ $145.83Loss-1.24R
Rising WedgeMay 7, 2025 @ $117.40Jun 10, 2025 @ $124.68Loss-1.11R
Falling WedgeSep 18, 2024 @ $144.17Nov 13, 2024 @ $152.20Win+0.75R
Falling WedgeSep 11, 2023 @ $163.08Sep 15, 2023 @ $155.15Win+0.67R
TriangleAug 29, 2023 @ $171.72Sep 12, 2023 @ $163.02Loss-1.01R
TriangleAug 23, 2023 @ $167.41Sep 18, 2023 @ $154.77Win+1.78R
Rising WedgeAug 10, 2023 @ $168.75Sep 13, 2023 @ $160.64Win+1.48R

NUE Support and Resistance Levels

Price is being turned away at a ceiling near $274.39 and starting to slide. On the weekly chart, the next floor below sits near $97.59 — about 64% away.

  • Traders commonly watch $97.59 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $274.39 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $270.90, resistance near $315.07. These are chart/swing-derived levels, not formula pivots.

Resistance
$315.07$385.09$483.32
Support
$270.90$268.66$267.85$265.61$258.54$225.62$219.24$219.00$213.99$97.59

NUE Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$265.62$274.42$262.10$274.04
Aug 3, 2026$256.16$261.60$251.25$261.28
Jul 31, 2026$258.89$259.95$255.38$257.29
Jul 30, 2026$258.38$259.79$251.97$257.04
Jul 29, 2026$268.94$270.02$254.24$256.02
Jul 28, 2026$254.00$268.44$253.99$265.62
Jul 27, 2026$249.12$251.23$244.04$247.86
Jul 24, 2026$242.34$249.02$241.64$247.56
Jul 23, 2026$238.53$243.70$237.78$241.15
Jul 22, 2026$234.53$239.15$234.32$235.90

NUE Frequently Asked Questions

What chart pattern is NUE forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Nucor (NUE) on the daily chart, with a measured-move target of $191.78.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on NUE is a bullish pattern, projecting a measured-move target of $191.78. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for NUE?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), NUE's nearest support is around $270.90 and nearest resistance around $315.07.
What is the price target if NUE's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $191.78 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was NUE's closing price on Aug 4, 2026?
Nucor (NUE) last closed at $274.04 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.