Nucor Corp

In a Stage 4 decline, NUE remains in a confirmed lower-high/lower-low sequence with price trading below declining EMAs. The Post-Capitulation pattern shows selling exhaustion but no structural reversal, and the recent bounce into the 9 EMA and 20 EMA has been rejected. Under a Momentum + EPS strategy, this failure to reclaim EMAs provides a favorable short entry opportunity now.

• ↑Q1 2026 EBITDA ~$1.5 B and EPS $3.23 reflect strong operations
• ↑Steel backlog rose 20% to 4.7 M tons, supporting 5% shipment growth
• ↓Rising scrap and energy costs compress profit margins amid profitability risk