Delek US Holdings Inc

DK remains structurally bullish across long- and medium-term horizons, but the current exhaustion candle at new highs and extreme overbought readings urge patience. We expect a pullback into the rising 9 and 20 EMAs as an optimal entry zone. Execution should be deferred until price shows clear acceptance in that support area.

• ↑Q2 2026 net income $170M ($2.71/sh) and adj. EBITDA $639M.
• ↑Management forecasts $650–700M mid-cycle free cash flow via EOP.
• ↓Weak profitability factor indicates difficulty converting revenue into profits.