Brightstar Lottery PLC

BRSL remains entrenched in a Stage 4 decline with lower highs and lower lows and trading below all major EMAs. The medium-term structure is bearish and unbroken despite a post-capitulation base, and price has failed to rally into the 9/21 EMA resistance zone. Short-term timing is neutral as price is oversold and consolidating beneath declining EMAs, so we defer execution and will trim positions on a bounce into the EMA overhead resistance area.

• ↑Returned $70M via dividends and buybacks in Q1, underscoring cash strength
• ↑Adjusted EBITDA grew 15% YoY to $287M, boosting operational profitability
• ↓Profitability factors weak with margin pressure and negative analyst revisions