Nucor Corp. stock forecast: up to 143.35 USD NUE stock price prognosis
Forecast for Fri 28 Jul 2023 price
Nucor Corp. stock price forecast for further price development up to 8.55% (time horizon: 1 day) and price target of 143.35 USD. Positive news sentiment. Short-term (time horizon: 2 weeks) Nucor Corp. share price prediction for 2023-07-28 with daily closed price projections
News <--> Close correlation for next day influence (-0.40)
Earnings per share
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Summerized Form 10-K with GPT-2
The Company also produces direct reduced iron ("DRI") for use in its steel mills. POK complements NCF's businesses and Nucor's cold finish facility in Monterrey. The annual production capacity for our grating business is approximately 80,000 tons. We have a diverse customer base and are not dependent on any single customer. Competition in our scrap and raw materials business is also vigorous. The VPPA will be settled financially on a monthly basis. We are evaluating and considering more transactions like this one. Our operations are also subject to state and local environmental laws and regulations. The primary raw material of Nucor's steelmaking operations is scrap metal. In 2020, 40 of Nucor's mills and divisions achieved the President's Safety Award. Our Teammates Nucor had approximately 26,400 teammates as of December 31, 2020. In addition, our DRI facilities are also large consumers of natural gas. Our operations are subject to business interruptions and casualty losses. There are a number of risks inherent in doing business in such markets. The steel industry and our business are sensitive to changes in taxes.
Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.
Meta analyst score 69.44/100
Good financial position.
Historical view, profit is not growing.
Company revenue is growing faster compared with the industry.
Stock price is above book price value.
Institutional ownership list is based on filling form information
Bollinger Bollinger Bands for Nucor Corp. can provide the information where the market is moving based on price information.
Nucor Corp. Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.
Converting prices to returns Nucor Corp..
On-Balance Volume information for Nucor Corp.. On-Balance Volume information can be an indicator for bullish or bearish outcome.
Accumulation / Distribution (A/D) indicator information for Nucor Corp.. The indicator identify divergences between price and volume flow.
Aroon Oscillator information for Nucor Corp.. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.
Average Directional Index (ADX) information for Nucor Corp.. The index can be used to identify the strengh of a trend.
Moving Average Convergence Divergence (MACD) for Nucor Corp.. The indicator helps to predict trend direction and the momentum of the trend.
Stochastic Oscillator as momentum indicator for Nucor Corp.. The indicator is useful for identifying overbought and oversold levels.
Relative Strength Index (RSI) for Nucor Corp.. RSI is a momentum oscillator that measures the speed and change of price development.
The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period.
Primary usage of the indicator is to identify overbought or oversold signals.
When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30
Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio
The forecast (dashed curve) of the share price performance is based on historical data.
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