Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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NUE · Nucor Corporation

$257.35 -0.29% Oct 26 close
Detected setup Descending Triangle · Setup Score 80/100

Stand aside — setup invalidated

Setup score 80, but distribution days reach 5 or more — stand aside until the condition resets.

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$NUE

Nucor Corporation

Nucor Corporation is a large-cap Steel company in the Non-Energy Minerals sector with a market cap of $58B.

Non-Energy Minerals Steel stock Stage 2 · Advancing Base 3+
$257.35 latest close
Market Structure
Trend structure: uptrend
Latest event: bos (bullish)
Support 171.94–173.17 · 3 touches · moderate
Support 155.00–155.83 · 3 touches · moderate
Support 237.50–238.62 · 3 touches · moderate
Support 250.68–252.01 · 3 touches · moderate
Verdict · setup score 80/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 80, but distribution days reach 5 or more — stand aside until the condition resets.

Recent price action · daily
$240$260$280AugSepOct$257

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 2. ROE ≥ 17% — ROE 11.2%
  • Minervini 2. Revenue growth ≥ 20% YoY — +5.7% YoY
  • O'Neil A: Annual earnings & revenue quality — Rev +5.7% | ROE 11.2%
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 1.21x
  • Dennis S1: 20-day Donchian breakout
Minority view — the council disagrees here
  • Minervini: watch Trend-template read: 10/13 pass; wait for the soft misses to improve.
  • O'Neil: watch CANSLIM read: 4/8 pass; improvement is still needed.
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.
71 Strong
Legend Score · rates the stock Strong (71/100) — held back by eps growth

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 89
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 64
  • EPS Growth (15%) 31
  • Quality (SMR-like) (15%) 44

RS rank 88: beating most of the market. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 64: mild accumulation. EPS up +0% — growing, but below the 25% leadership bar. Quality 44: weak fundamentals (sales growth 30, return on equity 40, leverage 100). Updated 2026-10-27.

Earnings

Post-earnings setup

Next earnings Monday, October 26, 2026 After market close Exact clock time not supplied by source

Deterministic evidence

Reported EPS 5.8 vs estimate 5.9792 · surprise -3.0%

NUE-0.29%
Sector proxy · XLB+0.14%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. NUE was -0.43 points vs XLB. -1.00 points vs SPY.
CatalystNegative Stock reactionNegative Sector reactionWeak Opening surge— Event riskEarnings-driven

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close-0.29% From the open-1.22% Range position41% GapNo gap
QQQ confirmationDiverging (+1.11%) SMH confirmationDiverging (+2.74%)
Short-term conviction -1 points.
  • QQQ, SMH moved against the stock — no index confirmation.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $257.35 -0.3% Oct 26 close
52W High $280.11 8.1% below high
Wks Since High 11w
Base Depth 18.2%
RS Rank 73 percentile of scan
SMA 50 $252.48
Avg Vol 1,318,485
Rel Vol (Oct 26) 1.21× 1.29× on up days
More stats
52W Low $138.34
Tight Wks 0
Base B3
SMA 200 $221.89
RS Line vs High -6.4%
RS Line Slope +8.8% ▲
Group Rank #22/66
ADR% 2.9%
ATR(14) $7.47 (2.9%)
Vol Pace (live) N/A
A/D Days 11A / 12D
A/D Rating D
VDU Bars 0/10 d
Power Trend 4d
Earnings past
Position in 52-week range 84thpercentile of the 52-week range
$138.34low
$280.11high

NUE Chart

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Technical Analysis Report Card

$NUE · $257.35 · as of 2026-10-26 · multi-factor read
88
/ 100
Technicals 88/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$252.48 ↑
100-day$250.36 ↑
200-day$221.89 ↑
Bullish (50 > 200)

RSI (14)

Reading54.3 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateBullish
Histogram+0.952

Bullish — MACD above its signal line and above zero. Histogram contracting.

Bollinger Bands (20,2)

%B / Width67% · 14.2%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol1.29 · Neutral
Rel volume1.21×
Pocket pivots · 10d1
5d vs 50d vol104%
Heavy vol up / down0 / 0

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

  • Pocket pivot 4 sessions ago — up-day volume beat every down day of the prior 10 sessions.

Support & Resistance

R · $264.67swing level
R · $269.59swing level
R · $280.1152-week high
Price · $257.35now
S · $252.01swing level
S · $245.33swing level
S · $238.62swing level

Fibonacci · Uptrend swing

23.6%$264.65
38.2% ◄ price here$255.09
50.0%$247.36
61.8%$239.63
78.6%$228.63

Retracement support zones measured from the recent swing low up to the high.

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Weekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRS 88 (leader)
Want this read in a legend's voice? Ask a Legend about NUE
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (80/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 8 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Watch B Trend-template read: 10/13 pass; wait for the soft misses to improve.

partialEnter on break of $248.77 pivot with stop at $231.91 (risk 6.8%). SEPA Grade B (4/7).

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $257.35, MA150 $237.19, MA200 $221.89
1.2 150-day MA > 200-day MAMA150 $237.19 vs MA200 $221.89
Failing evidence
2. ROE ≥ 17%ROE 11.2%
2. Revenue growth ≥ 20% YoY+5.7% YoY
10/13 checks
O'Neil Watch D CANSLIM read: 4/8 pass; improvement is still needed.

partialDescending Triangle still forming in a top industry group — ideal buy point at $248.77 on big volume. CANSLIM 82.

Passing evidence
C: Quarterly EPS acceleration ≥ 25%+49.8% QoQ
L: RS rank ≥ 80 (IBD leadership)RS rank 88
Failing evidence
A: Annual earnings & revenue qualityRev +5.7% | ROE 11.2%
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
4/8 checks
Weinstein Watch B Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.

mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $257.35 vs MA200 $221.89
Failing evidence
Volume expansion above averageVolume ratio 1.21x
6/7 checks
dennis Watch B Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $229.20
Volatility-unit sizing (1N ≈ 1% of equity)1N = $7.89 (3.07% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
6/8 checks
zanger Avoid C Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Not extended (≤5% above the breakout point)Measured as passing
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $295.95-$308.82; trail the rest
Failing evidence
Named Zanger pattern onlyDescending Triangle is not one of Zanger's six
Breakout volume 1.5-2.0x averageNot confirmed
4/6 checks
zweig Watch B Zweig read: part of his screen passes but not all: Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
EPS growth above the market (≥15% QoQ)+49.8% QoQ — Zweig wants growth above the S&P average
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 34.2x — no PEG or forward P/E stored
Failing evidence
Insider buyingNo insider buying flagged
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
5/8 checks
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.

mediumTrend is your friend. Descending Triangle continuation — trade in the direction of least resistance. RS score 88.

Passing evidence
Price$257.35
Relative strengthRS 88
Failing evidence
Volume vs average1.21x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Darvas Watch B Box-theory read: constructive evidence is present, but volume vs average is unresolved.

partialConsolidating within the box (8.1% from 52W high) — patience until it approaches the prior high.

Passing evidence
Price$257.35
Relative strengthRS 88
Failing evidence
Volume vs average1.21x
Box top broken on heavy volumeNot confirmed
4/6 checks
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$257.35
Relative strengthRS 88
Failing evidence
Volume vs average1.21x
Sign of Strength confirmed on expanding volume1.21x average volume — needs ≥1.4x
4/6 checks
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Latest candle: Bearish Engulfing — Today's down candle engulfs yesterday's up candle — a bearish reversal warning, most significant after an extended advance.

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
160RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +2 D
A: 15 D: 13 Net: +265 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 4/7 met
B 4/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✓ EPS acceleration ≥25% QoQ +50%
✗ Revenue growth ≥20% YoY +6%
✗ Gross margin ≥30% 14%
✗ ROE ≥17% 11%
✓ RS rating ≥80 (leadership) 88
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -8.1%

Method Playbook

Trade it like O'Neil EXACT LEVELS · PRO
O'Neil D · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the proper base pivot or handle high after CANSLIM leadership and market-direction checks are satisfied.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a breakout through the pivot on volume at least 40% above average; the valid buy zone ends 5% above the pivot.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Use the setup's structural stop with a hard 7–8% maximum-loss ceiling from the actual entry.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Protect progress under constructive support such as the 21-day or 10-week line; a stop may ratchet higher but never lower.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on the hard loss limit, a decisive support break, or a rule-based climax/distribution signal; a normal 20–25% advance is reviewed rather than assumed permanent.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Head & Shoulders bearish forming
75% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~214.61 (neckline) to confirm, with measured-move risk toward ~149.11. A push back above 268.47 weakens the pattern; reclaiming 280.11 invalidates it.

Confirms below 214.61
Invalidates at 280.11
Left Shoulder 270.90
Head 280.11
Right Shoulder 268.47
Neckline 214.61
Target 149.11

LS 270.90 / head 280.11 / RS 268.47, neckline ~214.61, vol_fading=no

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

Descending Triangle ⚠ Late-stage base (#4)
80 setup score
RS Score 88
Trend template 8/8 ✓
CANSLIM 82.2* (B)
high slope: -0.002403 low slope: 0.000919 pattern bars: 66 tighten ratio: 0.118 apex bars ahead: 15.9 apex price: 236.69 state: breakout direction: bullish pattern height: 47.03 ma len: 200 ma value: 221.89 under ma: -0.1598 ma rising: ✗ near ma: ✓ ma touch bar ago: 119 triangle volume ratio: 0.84 volume dry up: ✓ signal volume ratio: 0.99 depth: 0.0531 geometry: {'resistance_rail': {'start': {'bar': 62, 'bars_ago': 57, 'price': 280.11, 'date': '2026-08-05'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 246.1407, 'date': '2026-10-26'}}, 'support_rail': {'start': {'bar': 38, 'bars_ago': 81, 'price': 214.61, 'date': '2026-07-01'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 233.0755, 'date': '2026-10-26'}}, 'apex': {'bar': 134.86, 'bars_ago': -15.86, 'price': 236.6905, 'date': '2026-11-10'}, 'breakout_bar': {'bar': 115, 'bars_ago': 4, 'price': 261.5, 'date': '2026-10-20'}, 'breakout_level': 248.5245, 'ma_line': {'label': '200-day SMA', 'start': {'bar': 109, 'bars_ago': 10, 'price': 217.3066, 'date': '2026-10-12'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 221.8935, 'date': '2026-10-26'}}, 'ma_touch_bar': {'bar': 0, 'bars_ago': 119, 'price': 234.22, 'date': '2026-05-06'}, 'ma_value': 221.89} confidence kind: heuristic_match detector version: descending_triangle/2026-09-27 findings: ['Resistance falling -0.24%/day into flat support (+0.09%/day) — sellers pressing, buyers defending', 'Rails tighten to 12% of the starting range; apex 16 bars ahead', 'Uptrend context: close $257.35 vs 200-day SMA $221.89 (-16.0%)', 'Pressing into the 200-day SMA — closest touch (2026-05-06) at $234.22', 'BREAKOUT above $248.52', 'Volume drying up through the pattern'] not falling wedge: ✓ not falling wedge reason: no prior-downtrend requirement — this is an uptrend correction pressing into the long MA, the shape the Falling Wedge detector explicitly rejects validation reason: valid generic setup multi tf evaluated: ✓ multi tf reason: weekly trend template 8/8 confirmed
Why This Setup?
Descending Triangle · schematic

Descending Triangle (breakout, bullish): resistance falling -0.24%/day into flat support near $233.08, squeezing into the 200-day SMA ($221.89) inside an uptrend. Broke out above $248.52. Research/educational only, not a buy/sell recommendation. | Strong trend (8/8) | Top RS (88) | High-confidence pattern (93%) | Stage 2 | Readiness 71/100 (watch) | CANSLIM 82.2 (B) | ⚠ Late-stage base (#4)

Cup & Handle ⚠ Late-stage base (#4)
80 setup score
RS Score 88
Trend template 8/8 ✓
CANSLIM 81.6* (B)
16.7% cup depth 3.3% handle
  • Cup 16.7% deep from a $266.12 left rim to a $221.68 low
  • Rims 0.9% apart (ideal, within 10%)
  • Handle pulled back 3.3% over 2 bars from $253.27 to $244.90
  • Handle sits in the upper half of the cup
  • Rounded U-shaped bottom
  • Pivot $268.47 fixed at the handle high
  • No close above the pivot yet
  • Volume dried up in the handle
  • Erratic single-bar spike in the cup body (71% of depth)
Raw detector evidence · confidence is a heuristic match score, not a probability depth=16.7%, handle_pb=3.3%, lips_diff=0.9%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=no (71% spike) | Strong trend (8/8) | Top RS (88) | High-confidence pattern (83%) | Stage 2 | Readiness 68/100 (watch) | CANSLIM 81.6 (B) | ⚠ Late-stage base (#4) setup_key=cup_handle|2026-07-09|2026-09-03|268.47 · cup_handle/2026-10-03 anchors={"bottom": {"bar": 23, "bars_ago": 76, "date": "2026-07-09", "price": 221.68}, "breakout": null, "handle_high": {"bar": 85, "bars_ago": 14, "date": "2026-10-06", "price": 253.27}, "handle_low": {"bar": 87, "bars_ago": 12, "date": "2026-10-08", "price": 244.9}, "left_lip": {"bar": 0, "bars_ago": 99, "date": "2026-06-04", "price": 266.1155}, "right_lip": {"bar": 63, "bars_ago": 36, "date": "2026-09-03", "price": 268.47}}
Why This Setup?
cup handle Cup & Handle · schematic

depth=16.7%, handle_pb=3.3%, lips_diff=0.9%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=no (71% spike) | Strong trend (8/8) | Top RS (88) | High-confidence pattern (83%) | Stage 2 | Readiness 68/100 (watch) | CANSLIM 81.6 (B) | ⚠ Late-stage base (#4)

The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

4/7 universals met
  • Clear of earnings — not met in -1 days — event risk
  • A relative-strength leader — partly met RS rank 73 — middling
  • Volume confirms — partly met 1.2× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
  • Not chasing (in range) — met Met — levels are a Pro detail
  • Risk is defined — met Met — levels are a Pro detail
Why these seven? → The Universal Edge

Minervini Trend Template

8/8 ✓

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $257.35 vs SMA150 $237.19 / SMA200 $221.89
SMA 150 above SMA 200 SMA150 $237.19 vs SMA200 $221.89
SMA 200 trending up Slope +8.68 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $252.48
Price above SMA 50 $257.35 vs SMA50 $252.48
30%+ above 52-week low +86.0% from $138.34
Within 25% of 52-week high -8.1% from $280.11
RS score above 70 RS 88

Fundamentals

52W Range
84%
Mkt Cap SEC
58.4B
EPS QoQ
+50%
Rev YoY
+6%
ROE
11%
Gross Margin
14%
D/E
0.34
EPS TTM
$7.52
P/E TTM
34.2x
Float
227M
Insider
No Buy

Company

Company profile
Nucor Corporation
NUE · NYSE · Non-Energy Minerals · Steel
O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B 82.2* CANSLIM * disqualified on M
C · Curr. EPS
100
A · Annual EPS
66
N · New Highs
100
S · Supply/Demand
100
L · Leader RS
88
I · Inst. Spons.
100
M · Market
30

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
8/8
W. RS
87
W. Support
$213.14
W. Resist
$280.11
Weekly Structure

Scan History

20× streak
Oct 23: 80 (Descending Triangle)Oct 23: 80 (Cup & Handle)Oct 26: 80 (Descending Triangle)Oct 27: 80 (Descending Triangle)80
Oct 27
Descending Triangle ✓ Gate
80
Oct 26
Descending Triangle ✓ Gate
80 0.0%
Oct 23
Cup & Handle ✓ Gate
80 -0.3%
Oct 23
Descending Triangle ✓ Gate
80 -0.3%

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