Nordson Corp

NDSN has entered a Stage 3 distribution regime, marked by lower highs and flattening EMAs, shifting the medium-term bias bearish. Near-term action is neutral; we will wait for rejection at the upper end of the range or dynamic resistance around the 9/21EMA zone before executing sell exposure.

• ↑Q2 revenue $741M (+8% YoY) with 7% organic growth across segments
• ↑Adjusted EPS $2.86 (+18% YoY), driven by strong ATS segment demand
• ↓Polymer processing revenue fell 8% YoY; automotive remains a headwind