Nucor's 15-minute chart displays a bullish KDJ Golden Cross and Marubozu.

Nucor's 15-minute chart has recently triggered a KDJ Golden Cross and Bullish Marubozu pattern, which indicates a shift in the stock's momentum towards a positive trend. This bullish sentiment is likely to persist, as buyers continue to exert control over the market and push the stock price upward. As such, there is potential for further increases in the stock's value.

Nucor Corporation's (NUE) stock has shown a significant shift in momentum with the recent formation of a KDJ Golden Cross and Bullish Marubozu pattern on its 15-minute chart. This technical indicator suggests a bullish trend, with buyers gaining control over the market and pushing the stock price upward. As a result, investors may anticipate further increases in NUE's value.

In the second quarter (Q2) of 2025, Nucor reported a robust performance, with steel mills shipments rising by 10% year-over-year (YoY) to 6,474,000 tons [1]. This growth was driven by higher shipments across sheet, bars, and plate products, highlighting the company's strong position in the steel industry. Despite this positive performance, Nucor expects margin compression in the third quarter (Q3) due to stable volumes and prices, despite firm demand from key end markets and a healthy order backlog [1].

NUE's stock has appreciated by 8.58% over the past month, underperforming the Basic Materials sector's gain of 9.38% but outperforming the S&P 500's gain of 3.79% [2]. The upcoming earnings release of Nucor will be of great interest to investors, with the company predicted to post an EPS of $2.49, indicating a 67.11% growth compared to the equivalent quarter last year [2].

The Zacks Consensus Estimates forecast earnings of $8.25 per share and revenue of $32.39 billion for the entire year, indicating changes of -7.3% and +5.4%, respectively, compared to the previous year [2]. Nucor currently has a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 18.02, which is a premium relative to the industry average Forward P/E of 12.64 [2].

The recent technical indicators suggest that NUE's stock is poised for further gains, as buyers continue to exert control over the market. Investors should monitor Nucor's performance closely, as the company's strategic position in the steel sector and its exposure to AI-driven demand make it an attractive investment.

References:
[1] https://www.ainvest.com/news/nucor-steel-mills-shipments-rise-q3-margins-expected-compress-2509/
[2] https://www.nasdaq.com/articles/nucor-nue-declines-more-market-some-information-investors