Nucor Corp. stock forecast: up to 188.19 USD NUE stock price prognosis

STOCK

Forecast for Fri 19 Apr 2024 price 186.21

Nucor Corp. stock price forecast for further price development up to 15.44% (time horizon: 1 day) and price target of 188.19 USD. Negative news sentiment. Short-term (time horizon: 2 weeks) Nucor Corp. share price prediction for 2024-04-19 with daily closed price projections

Key Facts

Symbol NUE 

ISIN US6703461052 

CUSIP 670346105


Currency USD


Category Steel Works, Blast Furnaces Rolling Mills (Coke Ovens)

Forecast price change %


News sentiment (-0.40)


News <--> Close correlation for next day influence (0.00)

Relative Strength Index (RSI)

Finance numbers

Revenue 21,531,000,000.0


Earnings per share 5.39


Dividends 1.62

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

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.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/73309/000156459021009503/0001564590-21-009503.txt
Candlestick patterns

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 not growing faster compared with the industry.
    • Stock price is above book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - Baystate Wealth Management LLC 2023-06-30 590
A - BARCLAYS PLC 2023-06-30 551970
A - OVERSEA-CHINESE BANKING Corp Ltd 2023-03-31 2141
A - OVERSEA-CHINESE BANKING Corp Ltd 2022-12-31 4716
A - Artemis Wealth Advisors, LLC 2021-12-31 369

Fund ownership list is based on filling form information

Fund name Date Amount Profile
DIMENSIONAL INVESTMENT GROUP INC 2023-07-31 71809 Long
DFA INVESTMENT TRUST CO 2023-07-31 1894840 Long
Pacer Funds Trust 2023-07-31 1813758 Long
Pacer Funds Trust 2023-07-31 14940 Long
Pacer Funds Trust 2023-07-31 841 Long

Insider trading for Nucor Corp.

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1619548 Sumoski David A 2023-12-18 SALE Accept Accept Accept Accept
1929872 Hollatz John J 2023-08-01 SALE Accept Accept Accept Accept
1706490 Topalian Leon J 2023-12-18 SALE Reject Reject Accept Accept
1960914 Hanners Noah C 2023-08-03 SALE Accept Accept Accept Reject
1491394 Keller Michael D 2023-12-19 SALE Reject Accept Accept Accept
1608328 Utermark D. Chad 2023-12-19 SALE Reject Accept Accept Accept
1812083 Behr Allen C 2023-12-19 SALE Accept Accept Accept Accept
1181114 Query Kenneth Rex 2024-02-01 SALE Accept Accept Accept Accept
1843254 Needham Daniel R. 2023-08-10 SALE Accept Accept Accept Accept
1838963 Jellison Douglas J 2023-12-20 SALE Accept Accept Accept Accept
1838901 Murphy Gregory J 2023-12-18 SALE Accept Accept Accept Accept


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 ].


Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.


The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.


The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.


Moving Average Crossover


52W High 52W Low Market Cap

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Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-03-21 188.19 2024-02-24 07:51
2024-04-19 186.21 2024-02-24 07:51
2024-02-27 189.69 2024-02-24 07:51
2024-02-28 189.55 2024-02-24 07:51
2024-03-08 189.50 2024-02-24 07:51
2024-03-14 188.87 2024-02-24 07:51
2024-03-29 187.59 2024-02-24 07:51
2024-04-01 187.49 2024-02-24 07:51
2024-04-18 186.30 2024-02-24 07:51
2024-03-18 188.61 2024-02-24 07:51
2024-03-19 188.43 2024-02-24 07:51
2024-03-27 187.75 2024-02-24 07:51
2024-03-28 187.70 2024-02-24 07:51
2024-04-02 187.37 2024-02-24 07:51
2024-03-11 189.30 2024-02-24 07:51
2024-03-12 189.01 2024-02-24 07:51
2024-03-13 188.86 2024-02-24 07:51
2024-04-08 187.02 2024-02-24 07:51
2024-04-09 186.92 2024-02-24 07:51
2024-03-06 188.99 2024-02-24 07:51
2024-03-07 189.52 2024-02-24 07:51
2024-03-22 188.10 2024-02-24 07:51
2024-04-03 187.29 2024-02-24 07:51
2024-04-04 187.20 2024-02-24 07:51
2024-04-05 187.12 2024-02-24 07:51
2024-03-15 188.85 2024-02-24 07:51
2024-02-29 189.90 2024-02-24 07:51
2024-03-01 189.91 2024-02-24 07:51
2024-03-25 187.98 2024-02-24 07:51
2024-03-26 187.84 2024-02-24 07:51
2024-03-04 189.89 2024-02-24 07:51
2024-03-05 189.41 2024-02-24 07:51
2024-03-20 188.25 2024-02-24 07:51
2024-04-10 186.83 2024-02-24 07:51
2024-04-11 186.75 2024-02-24 07:51
2024-04-12 186.66 2024-02-24 07:51
2024-04-15 186.57 2024-02-24 07:51
2024-04-16 186.47 2024-02-24 07:51
2024-04-17 186.39 2024-02-24 07:51

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.