Powell Industries Inc

POWL remains in a Stage 4 decline with a bearish medium-term bias. Price continues to trade below falling EMAs with lower highs and lower lows intact. Short-term conditions are oversold with no clear exhaustion, making immediate selling unfavorable. Execution should be deferred, trimming into rallies toward the declining 9 and 21 EMA resistance zones in line with a High Momentum approach.

• ↑Backlog rose 33% YoY to $1.8B, with $490M new orders in Q2.
• ↑Gross margin expanded to 31.4% on effective cost management.
• ↓Shares trade ~205% above intrinsic value; insiders sold $17.7M recently.