Centuri Holdings Inc

In a pronounced Stage 4 decline marked by confirmed lower highs and lower lows, CTRI retains a bearish medium-term bias with price structurally extended below key EMAs and SMAs acting as resistance. We defer execution until a pullback into the 9/21/50 EMA cluster offers a clear rejection opportunity. The long-term uptrend remains intact, but continued underperformance below the 200-day MA risks further downside.

• ↑Q1 2026 revenue $723 M (+31% YoY); adjusted EBITDA $33 M (+35% YoY)
• ↑Backlog at $5.9 B (+59% YoY) with book-to-bill of 1.8 supports future revenues
• ↓High P/E of 81.18 and negative earnings yield flag valuation risk