NUE - Darvas TradeDarvas retracement within an uptrending market.
Vscore and Profile at 2 Entries @ 12.5%
Aggro: 143.80
Conservative: 142.70
Bot 19SEP25 144 Call and 143 Call
NUEC trade ideas
Cup and Handle + Long-Term Trendline Test – NUE (Nucor CorporatiNUE has formed a cup and handle pattern on the daily chart, with price pushing into the $151 resistance zone. What makes this setup stronger is the confluence with a multi-year descending trendline, tested several times since 2021.
A breakout above both the $151 resistance and the descending trendline could confirm a strong bullish reversal.
📈 Entry: On breakout and daily close above $151 + trendline
🎯 Targets: $167 (cup breakout target) → $190 (extended move)
🔻 Invalidation: Below $143 (handle low support)
This is a high-stakes level — clearing resistance could unlock significant upside momentum.
Not financial advice. No responsibility for any actions taken.
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Nucor | NUE | Long at $120.17Nucor NYSE:NUE , a US manufacture of steel and steel products, will likely capitalize on reduced foreign competition as tariffs become reality. The CEO also recently stated that the steelmaker's order backlog is the largest in its history and is increasing prices. So, while there is a potential for short-term downside as tariff "unknowns" are negotiated, the longer-term upside may be there for those who are patient... but time will tell.
Basic Fundamentals:
Current P/E: 21x
Forward P/E: 15-16x
Earnings are forecast to grow 29.6% per year
Projected Revenue in 2025: $32.3 billion
[*} Projected Revenue in 2028: $39.4 billion
Debt-to-Equity: 0.4x (healthy)
Dividend Yield: 1.8%
Technical Analysis:
Riding below the historical simple moving average and there is risk the daily price gap near $109 will close before moving higher. If there is a "crash" in price, $70s is absolutely possible which will be a "steel" if fundamentals do not change.
Targets in 2027:
$142.00 (+18.2%)
$187.00 (+55.6%)
NUE – Long Trade Setup!📈
🔍 Pattern: Breakout above minor resistance with ascending support
📍 Entry: ~$122.27 (breakout confirmation candle)
🎯 Targets:
1st Target: $124.51 (minor resistance)
2nd Target: $127.59 (major resistance zone)
🛑 Stop-loss: ~$120.61 (below trendline and prior base)
✅ Why this setup?
Clean breakout above yellow zone and trendline support
Higher lows forming a bullish base structure
Volume likely supports breakout if continuation follows
Risk-to-reward favorable toward higher supply zone
🕒 Timeframe: 30-minute
📊 Bias: Long / Breakout Continuation
NUE SHORTNUE nice pull back after a long down trend. Looking for Trend continuation off the Daily Fib zone back to the lows. Good R/R
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.
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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.
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
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.
Keep your eyes on the STEEL (NUE)Greetings
NUE SRSI levels look like they just had a bullish cross over close to the oversold zone.
NUE RSI levels are healthy.
NUE MACD looks like it is getting ready for a bullish cross over.
NUE price is forming an upward trendline
A golden cross may happen in a few days with the 50 and 200 SMA.
Politicians are very concern with Steel now.
Be safe and have a nice day
NUE heads up at $172: Major Resistance a LocalTop or LaunchPad? NUE and other materials got an election boost.
Nucor ran right up to a major Resistance zone.
Look for a Ping-Rejection or a Break-n-Retest.
$ 170.16 - 172.25 is immediate (major) barrier.
$ 189.32 - 191.31 is the next major Resistance.
$ 160.51 - 161.73 iss the first (minor) support.
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$NUE with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:NUE after a negative over reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
NUE ReboundTracking the RSI and what looks like the early signs of a breakout in the downtrend.
Higher risk here as it's not overly clean, but worth taking a starter.
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
$NUE Swing Trade IdeaSwing trade idea NYSE:NUE CCI indicates oversold where previous oversold position enables the price to bounce and head towards the upper parallel channel. Assumptions assumptions! Ka-ching likely. Exit if it goes out of channel.
NUE SHORT! From Trend RetestNUE Head & Shoulders , SHORT from trend Retest
Short Entry from Retest Only!
Entry: $168.80
STOP LOSS: $173.33
TAKE: $142.81
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.
Nucor repping a big bull flag on larger time frameWe'll have to see how it plays out but with great momentum and with a good fundamental analysis, could see Nucor perform its way out of this bull pattern to a nice target.
NUE - Bull StructureA bull structure dominant above the slight up channel in grey
I expect a breakout from this structure bullishly
If no breakout then a retest of the up channel in grey is fine
Daily chart
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%
