Vishay Intertechnology Inc

VSH remains in a Stage 4 decline with a bearish medium-term bias. Despite a Bearish Exhaustion pattern that produced a short-term bounce, price is still trading below the declining 9 EMA, 21 EMA, and 50 SMA. Short-term timing is neutral as price is extended below EMAs and lacks a clear rejection at dynamic resistance. Execution should be deferred, trimming into rallies up to the 9/21 EMA and 50 SMA resistance zone.

• ↑Q1 revenue $839M (+17.3% YoY) exceeded guidance.
• ↑Backlog rose 21% to $1.6B; book-to-bill at 1.34.
• ↓2026 free cash flow forecast negative due to high CapEx.