Nucor(NUE)

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

Auto-detected technical analysis for NUE · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$235.90last close · Jul 22, 202652-week range $131.32 – $270.90 · 12.92% below the high

NUE Bullish Pennant Pattern

NUE is currently forming a bullish pennant on the daily timeframe. Detected Jul 22, 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 3,749 backtested bullish pennants, the setup followed through 57.3% of the time, averaging +0.82R; NUE's own bullish pennants have hit 63.6%.

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 4.7% move (+0.60R) over 20 sessions. Across 141 backtested bullish pennants, this setup wins 63.1% of the time.

OutcomeWinResult+4.7%R+0.60REntry$175.04Exit$183.23

Learn about bullish pennant

How Bullish Pennants Have Performed

Win rate

57.3%

Avg return

+0.82R

Backtested trades

3,749

NUE win rate

63.6%

Historical pattern statistics (1987-02-04 – 2026-06-30), 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.

Pattern	Entry	Exit	Outcome	Result
Bullish Pennant	Jan 15, 2026 @ $175.04	Feb 13, 2026 @ $183.23	Win	+10.9% · +0.60R
Rising Wedge	Jan 9, 2026 @ $165.42	Jan 14, 2026 @ $172.29	Loss	+19.7% · -1.05R
Rising Wedge	Dec 17, 2025 @ $156.99	Jan 2, 2026 @ $169.40	Loss	+9.9% · -1.12R
Falling Wedge	Oct 24, 2025 @ $138.90	Nov 4, 2025 @ $144.29	Win	+9.4% · +0.71R
Triangle	Sep 2, 2025 @ $145.96	Sep 18, 2025 @ $136.61	Win	+9.4% · +1.80R
Triangle	Aug 25, 2025 @ $148.91	Sep 9, 2025 @ $141.02	Loss	+8.5% · -1.21R
Falling Wedge	Sep 18, 2024 @ $144.17	Nov 13, 2024 @ $152.20	Win	+13.1% · +0.75R
Rising Wedge	Jul 19, 2023 @ $167.94	Jul 25, 2023 @ $172.88	Loss	+10.5% · -1.13R
Triangle	May 4, 2023 @ $144.96	May 30, 2023 @ $132.55	Win	+9.9% · +2.31R
Falling Wedge	Apr 18, 2023 @ $148.63	May 4, 2023 @ $139.88	Loss	+12.1% · -1.19R
Falling Wedge	Jul 15, 2022 @ $109.34	Aug 19, 2022 @ $138.17	Win	+27.8% · +8.05R
Triangle	Jan 14, 2022 @ $111.88	Jan 21, 2022 @ $96.36	Win	+15.9% · +1.05R

Bullish Pennant Examples on Other Charts

Historical examples from the published simulation. This selection is not a win-rate sample.

FTNTFortinet

Winning trade · +7.3%

Opened Jun 25, 2026

Closed Jul 16, 2026

Open FTNT’s live chart →

INTCIntel

Losing trade · −21.2%

Opened Jun 12, 2026

Closed Jul 16, 2026

Open INTC’s live chart →

PMPhilip Morris International

Losing trade · −4.3%

Opened Jun 30, 2026

Closed Jul 14, 2026

Open PM’s live chart →

DALDelta Air Lines

Winning trade · +17.5%

Opened May 21, 2026

Closed Jul 7, 2026

Open DAL’s live chart →

Learn about bullish pennant

NUE Support and Resistance Levels

Price is bouncing off a floor near $228.44 and starting to climb. On the weekly chart, the next ceiling overhead sits near $308.41 — about 31% away.

Traders commonly watch $308.41 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $228.44 floor just now, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

NUE Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$234.53	$239.15	$234.32	$235.90
Jul 21, 2026	$233.75	$237.98	$232.66	$233.20
Jul 20, 2026	$237.82	$237.82	$230.00	$230.74
Jul 17, 2026	$232.04	$237.60	$231.13	$236.61
Jul 16, 2026	$235.01	$238.07	$234.28	$235.67
Jul 15, 2026	$235.47	$238.00	$233.52	$236.87
Jul 14, 2026	$236.49	$236.79	$233.18	$234.16
Jul 13, 2026	$228.60	$235.70	$228.24	$233.00
Jul 10, 2026	$222.88	$228.04	$222.88	$227.37
Jul 9, 2026	$227.12	$228.40	$221.68	$222.28

NUE Frequently Asked Questions

What chart pattern is NUE forming right now?

As of Jul 22, 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 (3,749 trades over 628 symbols), it resolved in the expected direction 57.3% of the time with an average of +0.82R. These are historical statistics, not a prediction.

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 Jul 22, 2026?

Nucor (NUE) last closed at $235.90 on Jul 22, 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.