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NUE trade ideas

Nucor May Be StallingNucor has trended lower since April, and some traders may expect another push to the downside. The first pattern on today’s chart is the November 6 gap after Donald Trump was reelected U.S. President. The steelmaker failed to hold that bounce and proceeded to a new 52-week low by early January. It then rebounded and may have made a lower high. Next, prices are stalling at a low from October 2023 where NUE bounced several times in late 2024. Has old support become new resistance? Third, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. That may be consistent with a longer-term downtrend. Finally, MACD just turned negative. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
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by TradeStation
NUCOR LONGI believe the Trump tariffs will drive Nucor's stock higher. Nucor now has the opportunity to compete more effectively as the influx of imports has significantly impacted the merchant bar market. The 2016 tariffs under the Trump administration were beneficial in terms of turning low-cost inventory into higher revenue, though they also led to significant backlogs in the supply chain, as domestic production struggled to meet demand. I expect Nucor to reach over $160 in the next few weeks.
NLong
by SPYDERMARKET
Nucor Corporation Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nucor Corporation Stock Quote - Double Formation * A+ Set Up)) At 203.00 USD | Subdivision 1 * 012345 | Wave Count & Entry Feature - Triple Formation * ABC Flat Wave | Downtrend Continuation | Subdivision 2 * 1.618 Area | Retracement Short Set Up | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
NShort
by TradePolitics
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.
NLong
by norok
Take the Under: $NUENYSE:NUE is scheduled to announce earnings in the after market today 22 July 2024. Nucor pre-releases their estimated earnings per share which for the second quarter they are expected to report $2.30 in comparison to $5.81 per share last year. With the company's guidance the 2024 expected EPS is $10.42. For 2025 analyst expect an EPS of 12.01. That translates to a EPS of about 15%. 10.42*15 = $156.3 A price of $156.3 doesn't translate to much downside with only a 3%. However that is based on analyst estimates which have underperformed for the last two quarters. If you average the P/E ratio of Nucor over the last 7 years the P/E equals about 11. If we apply that to the 2024 estimated earnings it would be: 10.42*11 = $114 I would use these two P/E estimates of $156.3 and $114 as upper and lower bounds for Nucor. Targets for trade are: #1: $140 #2: $130 Stop Loss: #1: $170 Entry Point: >= $160
NShort
by johnwicksaidso93z7xy
NUE Entry, Volume, Target, StopEntry: with price at or slightly above 174.74 Volume: with volume greater than 1.47M Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 174.74 & target of 208.02, a stop at 163.65 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NLong
by tradepatiently
Short Term Wheel Trade on NUEAnother successful Wheel Trade on NUE: Tradingplan á la Rockwell Trading: Look for stock that is lower than yesterday Check the chart for a support level Check the fundamentals of the underlying Check correlation to your portfolio Don't be scared if you get the stock assigned Calculate the strike for a decent annualized ROI Trade ENTRY: Entry: 2023-05-24 09:52 Total premium netto: $ 118,64 Contracts: 3 Type: Short Put Strike: 129 Expiry: 2023-05-26 Trade EXIT: 2023-05-26 16:20 Expired worthless ann. ROI: 118,64 / ( 129 * 300 ) * 365 / 2 = 55,94%
NLong
by ThMar64
Nucor in decline or consolidationThis one is a bit messy with all the trendlines and auto fib retracement tool, so bear with me. NYSE:NUE still looks like it's in an overall decline. The three blue arcs appear to be a head and shoulders pattern. Meanwhile, in the short term there was a wedge pattern that developed in late April and instead of the daily support holding in broke on 4.25 and hasn't recovered since. The momentum of the declination appears to be slowing, so we could see an extended consolidation phase instead of greater declines.
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by Active_Trader2021