Bel Fuse Inc

BELFA resides in a Stage 4 decline with sustained selling into mid-July and no clear exhaustion signals. Medium-term bias is bearish per the Decline stage, while the long-term uptrend remains intact. Price trades below the 9/21/50 EMAs in oversold territory, but lack of reversal structure warrants waiting on a rally into EMA resistance. Execution should be deferred (Trim) at the EMA and prior support-turned-resistance zones, seeking rejection for higher-probability entry.

• ↑Q1’26 revenue up 17.2% YoY to $178.5M, led by aerospace
• ↑Gross margin improved to 39% on higher volumes, mix gains
• ↓Low book-to-price ratio flags potential overvaluation risk