Powell Industries Inc

POWL remains in a Stage 4 decline with a bearish medium-term bias. Price continues to trade below declining EMAs with a clear lower-high/lower-low sequence intact. Short-term conditions are oversold but show no exhaustion, making immediate selling less favorable. Execution should be deferred, trimming into rallies near 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.