Nucor Corp Stock Forecast - Price Action Indicator
| NUE Stock | USD 190.77 2.01 1.04% |
Nucor Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nucor Corp stock prices and determine the direction of Nucor Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nucor Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Nucor Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nucor Corp's systematic risk associated with finding meaningful patterns of Nucor Corp fundamentals over time.
Check out Historical Fundamental Analysis of Nucor Corp to cross-verify your projections. Nucor |
Open Interest Against 2024-04-19 Nucor Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Nucor Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Nucor Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Nucor Corp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Nucor Corp's open interest, investors have to compare it to Nucor Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Nucor Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Nucor. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Nucor Corp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Nucor Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nucor Corp's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (1.78) | (1.79) |
| Check Nucor Corp Volatility | Backtest Nucor Corp | Information Ratio |
Nucor Corp Trading Date Momentum
| On April 18 2024 Nucor Corp was traded for 190.77 at the closing time. Highest Nucor Corp's price during the trading hours was 194.16 and the lowest price during the day was 188.95 . The net volume was 1.1 M. The overall trading history on the 18th of April 2024 did not cause price change. The trading delta at closing time to current price is 1.78% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Nucor Corp to competition |
Other Forecasting Options for Nucor Corp
For every potential investor in Nucor, whether a beginner or expert, Nucor Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nucor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nucor. Basic forecasting techniques help filter out the noise by identifying Nucor Corp's price trends.Nucor Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nucor Corp stock to make a market-neutral strategy. Peer analysis of Nucor Corp could also be used in its relative valuation, which is a method of valuing Nucor Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nucor Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nucor Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nucor Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nucor Corp Market Strength Events
Market strength indicators help investors to evaluate how Nucor Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nucor Corp shares will generate the highest return on investment. By undertsting and applying Nucor Corp stock market strength indicators, traders can identify Nucor Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 28227.17 | |||
| Daily Balance Of Power | (0.39) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 191.56 | |||
| Day Typical Price | 191.29 | |||
| Price Action Indicator | (1.79) | |||
| Period Momentum Indicator | (2.01) | |||
| Relative Strength Index | 82.84 |
Nucor Corp Risk Indicators
The analysis of Nucor Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nucor Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nucor stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.05 | |||
| Semi Deviation | 0.8856 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.18 | |||
| Downside Variance | 1.17 | |||
| Semi Variance | 0.7842 | |||
| Expected Short fall | (1.25) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Nucor Corp Investors Sentiment
The influence of Nucor Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nucor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Nucor Corp's public news can be used to forecast risks associated with an investment in Nucor. The trend in average sentiment can be used to explain how an investor holding Nucor can time the market purely based on public headlines and social activities around Nucor Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nucor Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nucor Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nucor Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nucor Corp.
Nucor Corp Implied Volatility | 63.56 |
Nucor Corp's implied volatility exposes the market's sentiment of Nucor Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Nucor Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Nucor Corp stock will not fluctuate a lot when Nucor Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nucor Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nucor Corp's short interest history, or implied volatility extrapolated from Nucor Corp options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Nucor Corp to cross-verify your projections. 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.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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 (0.35) | Dividend Share 2.07 | Earnings Share 18 | Revenue Per Share 138.98 | Quarterly Revenue Growth (0.12) |
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.