Closing Note
updated 2026-07-24 14:52 UTC

NUE — oversold signal, 19 May

short term
RSI(2)4.5
RSI(14)56.4
Close $ · flag day221.73
Off 20-day high−5.8%
Avg volume1.6M

What followed

DateClose $ 5-day avg.vs flag close
19 May221.73228.08+0.0%
20 May225.67226.75+1.8%
21 May226.44225.47+2.1%
22 May232.00226.46+4.6%
26 May240.29229.23+8.4%
27 May246.47234.17+11.2%
28 May249.30238.90+12.4%
29 May250.00243.61+12.7%
01 Jun251.49247.51+13.4%
02 Jun258.46251.14+16.6%
03 Jun257.73253.40+16.2%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 19 May. The freshest lists go out in the daily alert at 21:30 CET.