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Nucor

Nucor (NUE) Materials Play for 2025NYSE:NUE announced earnings this morning. The subsequent opening price action triggered a Spike Alert on the opening 30 minute bar which brought the stock to my attention. This spike was generated by the Earnings opening price action. Earnings beat estimates and the stock rallied. However, where the spike breached... and more importantly held... was what interests me. Price Action Support The combined supports of: The 50% Retracement of the trend from January 3rd to January 21st The Volume Profile Point of Control (POC) for the Trend ...being tested and held are a great sign that price has found support and is respecting it. To further my analysis of the stock for a long term hold I graduated up to the Weekly Timeframe. The same two confluences of 50% Retracement and Volume Profile POC have come together and prior to today's Earnings they held as Support in late December 2024. Finally, we can move up to the Monthly and see the Ichimoku Cloud holding as a potential Ichimoku Cloud pullback. Fundamentals NYSE:NUE is a company that has been around a long time. It is a Materials Company (Steel, mostly) with a long price history to look back on. Doing so I noticed that the company's price trends were highly cyclical covering many years. The current pullback that price is within represents a close to -40% discount from the All Time High. The stock's performance will likely depend on economic demand in the coming years. Trade Management For this Entry to be valid it should first hold today's Earning Spike low and continue to rally. In the longer term price should not violate the low set during the month of January 2025. Holding both would be great and be exactly as I plan this trade. Violating either or both means the Support is wrong. Market Thoughts As a final thought; a lot of investors ask me questions about whatever is "HOT" and in the news. Clearly, this week (and for many weeks) that has been everything tech. You will not find me very interested in chasing these stocks. Not until they have had huge (-50%, -60%) drawdowns. These plays (like Nucor) are the ones I try to find to start my year and then hold them for long to come. Trade wisely.
NYSE:NUELong
by norok
Head and shoulders bear flag Short $NueNucor was driving me nuts the last 3 months constantly setting all time highs (while the rest of the market bled out) when their last earnings had lowered guidance that would have crashed any other stock. Twice at new records I bought puts, but chickened out and sold early for losses when they kept rebounding back to new highs again. Anyways I saw the same options today worth a couple grand more than i sold for, and that’s with theta decay of short dated options. So I did some TA and belief the risk reward is still worth buying puts or shorting, especially if you catch it when it’s going up. So anyways, from a TA standpoint they are a little overextended and just finished an a 12345 motive wave and an ABC corrective wave pattern so the first couple leges could be choppy before the next drop, but it’s coming. The target of the bear flag was roughly the same as the head and shoulders: Analysts give it a fair price of $60, I have it crashing to $95 minimum(the measured target). Hopefully it goes further. Got myself some puts one more time, and as usual they are starting off up. I’m not going to paper hand this time. I believe in the TA. I respect the patterns. I trust the fundamentals will bring the price where it belongs.
NYSE:NUEShort
by BrianVS
2
Nucor Steel Breaking OutNucor is a leader in the U.S steel industry. Currently economies around the globe are undergoing synchronized growth. Steel prices rise as economic activity picks up because expansion coincides with increased construction activity. Two additional bullish events that could boost demand for steel are the passing our an infrastructure spending bill and tariffs on Chinese steel. Nucor has some of the most advanced manufacturing plants and is currently breaking out after a long period of consolidation.
NYSE:NUELong
by gthom9
CLF: Contrarian OutlookCLF is a buy in my opinion but the price must close above the .786 fib retracement box I have placed in on the chart for a long position to be considered. Noted for a lagging share price to the industry, yet considered a great company with potential. To those trading the steel market, fundamentally the opinion is definitely swaying towards bullish for 2018. --US housing starts rose 3.3% to a SAAR of 1.297 million units (November) and The Architectural Billing Index rose to 55, both of which are good signs for an increase in the demand and spending on steel. Coupled with the future infrastructure projects proposed by trump signs are looking good. --Toyota/Mazda plant has just been approved in Alabama, estimating 300,000 vehicles per year starting in 2021. --Chinese Steel exports have fallen for over 15 consecutive months. ---CLF announced a new HBI plant in Ohio w/ a capacity of 1.6+million tons a year. For a safe position, i am looking for price to close above the .786 fib as stated above, this would reject the potential pattern i have drawn on the chart. The boxes are calculating +/-2 % variance of the Fibonacci ratios. If we do not see a close above, a daily doji and a bounce of the .786 could be signs for a lower share price. In that case look to enter around 5.70 which seems to be a good support, or look for a completion of the ABCD pattern.
NYSE:CLF
by Jroge107