Nucor's 15min Chart Triggers RSI Overbought, KDJ Death Cross Warning

Nucor's 15-minute chart has exhibited technical indicators signaling an overbought condition, as evidenced by the RSI indicator. Furthermore, the KDJ indicator has formed a death cross at 08/15/2025 09:45, suggesting that the stock price has risen too rapidly and is no longer supported by fundamental values. This shift in momentum may indicate a potential decrease in stock price.

Nucor Corporation (NUE), a leading player in the steel manufacturing industry, has shown significant technical changes on its 15-minute chart, indicating potential bearish momentum and decreasing volatility. On August 15, 2025, at 09:45, the chart triggered a narrowing of Bollinger Bands, a KDJ Death Cross, and a bearish Marubozu pattern. These indicators suggest that the stock price is likely to continue its downward trend, with sellers dominating the market.

The narrowing of Bollinger Bands indicates a decrease in the magnitude of stock price fluctuations. The bands, which represent standard deviation levels above and below a simple moving average, are shrinking, suggesting that the market is less uncertain [1]. This narrowing often signifies a reduction in volatility and a decrease in the range of stock price movements.

The KDJ Death Cross, a technical indicator that combines the Relative Strength Index (RSI) and the KDJ indicator, signals a shift in momentum towards the downside. When the KDJ line crosses below the RSI line, it indicates a potential reversal in price direction, with the momentum of the stock price shifting towards the downside [2]. The presence of a bearish Marubozu candle further supports this interpretation. A Marubozu candle, characterized by no wicks (shadows) above or below the candle's body, indicates strong buying or selling pressure without any price reversals, in this case, suggesting a bearish trend.

These technical indicators suggest that Nucor's stock price has risen too rapidly and is no longer supported by fundamental values, potentially leading to a decrease in stock price. Investors may want to closely monitor these signals and consider adjusting their positions accordingly.

References:

[1] https://financhill.com/stock-price-chart/nue-technical-analysis
[2] https://www.ainvest.com/news/nucor-15min-chart-sees-bollinger-bands-narrowing-kdj-death-cross-bearish-marubozu-2508/