Nucor Corp Stock Technical Analysis
| NUE Stock | USD 172.76 1.88 1.08% |
As of the 24th of April, Nucor Corp secures the Risk Adjusted Performance of 0.0374, downside deviation of 1.9, and Mean Deviation of 1.14. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nucor Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We are able to break down and analyze data for nineteen technical drivers for Nucor Corp, which can be compared to its peers in the industry. Please verify Nucor Corp variance, as well as the relationship between the value at risk and skewness to decide if Nucor Corp is priced some-what accurately, providing market reflects its recent price of 172.76 per share. Given that Nucor Corp has jensen alpha of 0.0185, we recommend you to check Nucor Corp's last-minute market performance to make sure the company can sustain itself at a future point.
Nucor Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nucor, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NucorNucor |
Nucor Corp Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 159.13 | Buy | 14 | Odds |
Most Nucor analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nucor stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nucor Corp, talking to its executives and customers, or listening to Nucor conference calls.
Nucor Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Nucor Corp Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nucor Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nucor Corp Trend Analysis
Use this graph to draw trend lines for Nucor Corp. You can use it to identify possible trend reversals for Nucor Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nucor Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nucor Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nucor Corp applied against its price change over selected period. The best fit line has a slop of 0.19 , which may imply that Nucor Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1435.35, which is the sum of squared deviations for the predicted Nucor Corp price change compared to its average price change.About Nucor Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nucor Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nucor Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nucor Corp price pattern first instead of the macroeconomic environment surrounding Nucor Corp. By analyzing Nucor Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nucor Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nucor Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0145 | 0.0154 | 0.0118 | 0.0164 | Price To Sales Ratio | 0.92 | 0.83 | 1.25 | 1.11 |
Nucor Corp April 24, 2024 Technical Indicators
Most technical analysis of Nucor help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nucor from various momentum indicators to cycle indicators. When you analyze Nucor charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Overlap Studies | ||
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.0374 | |||
| Market Risk Adjusted Performance | 0.1207 | |||
| Mean Deviation | 1.14 | |||
| Semi Deviation | 1.79 | |||
| Downside Deviation | 1.9 | |||
| Coefficient Of Variation | 2024.45 | |||
| Standard Deviation | 1.84 | |||
| Variance | 3.37 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | 0.0185 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1107 | |||
| Maximum Drawdown | 10.49 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 2.68 | |||
| Downside Variance | 3.62 | |||
| Semi Variance | 3.21 | |||
| Expected Short fall | (1.22) | |||
| Skewness | (0.91) | |||
| Kurtosis | 10.48 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nucor Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For information on how to trade Nucor Stock refer to our How to Trade Nucor Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Nucor Stock analysis
When running Nucor Corp's price analysis, check to measure Nucor Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nucor Corp is operating at the current time. Most of Nucor Corp's value examination focuses on studying past and present price action to predict the probability of Nucor Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nucor Corp's price. Additionally, you may evaluate how the addition of Nucor Corp to your portfolios can decrease your overall portfolio volatility.
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Is Nucor Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nucor Corp. If investors know Nucor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nucor Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.22) | Dividend Share 2.1 | Earnings Share 17.01 | Revenue Per Share 138.14 | Quarterly Revenue Growth (0.07) |
The market value of Nucor Corp is measured differently than its book value, which is the value of Nucor that is recorded on the company's balance sheet. Investors also form their own opinion of Nucor Corp's value that differs from its market value or its book value, called intrinsic value, which is Nucor Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nucor Corp's market value can be influenced by many factors that don't directly affect Nucor Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nucor Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nucor Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nucor Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.