Plexus Corp

PLXS is in a Stage 4 decline with established lower highs and lower lows and a decisive support breakdown. Medium-term bias remains bearish, reinforced by the Support Failure pattern and price trading below down-sloping EMAs acting as resistance. Extreme oversold conditions suggest that selling immediacy is unfavorable, so execution should be deferred into a bounce and rejection at the EMA/SMA resistance zone. The long-term uptrend remains intact via the rising 200-day SMA, anchoring secular polarity despite near-term distribution.

• ↑Q2 revenue of $1.164B (+19% YoY) beat guidance; Q3 guided to $1.2–$1.25B
• ↑Non-GAAP EPS of $2.05; ROIC at 13.8% signals strong capital returns
• ↓Ongoing global supply chain disruptions could limit order fulfillment