Powell Industries Stock Forecast
Green day on Wednesday for Powell Industries stock after gaining 4.07%
(Updated on Apr 24, 2024)
The Powell Industries stock price gained 4.07% on the last trading day (Wednesday, 24th Apr 2024), rising from $143.39 to $149.23. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.34% from a day low at $146.50 to a day high of $157.25. The price has risen in 6 of the last 10 days and is up by 13.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 236 thousand more shares were traded than the day before. In total, 516 thousand shares were bought and sold for approximately $77.01 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.82% during the next 3 months and, with a 90% probability hold a price between $92.28 and $202.86 at the end of this 3-month period.
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POWL Signals & Forecast
The Powell Industries stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $133.72 and $141.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -19.44%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Powell Industries stock
On the downside, the stock finds support just below today's level from accumulated volume at $138.17 and $132.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Powell Industries finds support just below today's level at $138.17. If this is broken, then the next support from accumulated volume will be at $132.10 and $118.53.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $10.75 between high and low, or 7.34%. For the last week, the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: $140.81 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (POWL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Powell Industries to open at $150.99, and during the day (based on 14 day Average True Range), to move between $141.96 and $156.50, which gives a possible trading interval of +/-$7.27 (+/-4.87%) up or down from last closing price. If Powell Industries takes out the full calculated possible swing range there will be an estimated 9.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $154.27 (3.38%) than the support at $138.17 (7.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Powell Industries will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.89. We will update the financials statements for Powell Industries, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.08% in the first trading day after earnings release.
Is Powell Industries stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Powell Industries stock to perform well in the short-term.
Current score: 2.078 Buy Candidate Unchanged
Predicted Opening Price for Powell Industries of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $150.99 ( 1.18%) | $149.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POWL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.74 | 8.39 % | |
| R2 | 157.64 | 5.63 % | ||
| R1 | 155.10 | 3.93 % | ||
| Current price: | 149.23 | |||
| Support | S1 | 146.89 | -1.57 % | |
| S2 | 144.35 | -3.27 % | ||
| S3 | 140.24 | -6.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 166.16 | 11.34 % | |
| R2 | 160.86 | 7.79 % | ||
| R1 | 154.27 | 3.38 % | ||
| Current price | 149.23 | |||
| Support | S1 | 138.17 | -7.41% | |
| S2 | 132.10 | -11.48% | ||
| S3 | 118.53 | -20.57% |
POWL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Feb 13, 2024 | Mar 13, 2024 | $0.263 | 0.155% |
| 2 | Oct 31, 2023 | Nov 14, 2023 | Dec 13, 2023 | $0.260 | 0.296% |
| 3 | Aug 01, 2023 | Aug 15, 2023 | Sep 20, 2023 | $0.263 | 0.332% |
| 4 | May 02, 2023 | May 16, 2023 | Jun 14, 2023 | $0.263 | 0.455% |
| 5 | Jan 31, 2023 | Feb 14, 2023 | Mar 15, 2023 | $0.263 | 0.643% |
FAQ
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