Federal Signal Corp

Price is in a Stage 2 corrective reset, with medium-term bias remaining bullish supported by the Bullish Pivot Point pattern and intact HH/HL structure. However, price has broken below the 9/20 EMAs and 50 SMA, pulling into the 200 SMA support area, and short-term trends are bearish. Execution favors buying on a pullback into this support zone rather than chasing current weakness, awaiting acceptance to confirm structural repair before engaging.

• ↑Net sales +35% YoY to $626M in Q1, record order intake $623M
• ↑Operating income +52% YoY, adjusted EBITDA margin 20.2% (+190bps)
• ↓Heavy reliance on public contracts exposes sales to government budget cuts