Franklin Electric Co Inc

FELE remains in a medium-term decline (Stage 4) with structural lower highs and lower lows, reinforcing a bearish bias despite the long-term uptrend. In the near term, price is holding the 50-day SMA and lacks a clear timing edge for immediate selling. A deferred sell approach is advised, awaiting rallies into the 9/21 EMA resistance zone for optimal execution while maintaining discipline around the overarching downward momentum.

• ↑Q1 revenue rose 10% YoY to $500.4M, led by organic volume growth
• ↑Adjusted operating margin increased to 10.4% from 9.7%, driven by SG&A productivity
• ↓Gross profit margin declined to 35% from 36% due to higher tariff-driven material costs