Powell Industries Stock Forecast
Green day on Tuesday for Powell Industries stock after gaining 0.91%
(Updated on Jul 02, 2024)
The Powell Industries stock price gained 0.91% on the last trading day (Tuesday, 2nd Jul 2024), rising from $143.43 to $144.74. It has now gained 3 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 3.13% from a day low at $141.73 to a day high of $146.16. The price has fallen in 6 of the last 10 days and is down by -14.76% for this period. Volume fell on the last day by -141 thousand shares and in total, 210 thousand shares were bought and sold for approximately $30.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $143.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.71% during the next 3 months and, with a 90% probability hold a price between $169.13 and $257.65 at the end of this 3-month period.
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POWL Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Powell Industries stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $146.03 and $167.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -29.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Powell Industries stock
Powell Industries finds support from accumulated volume at $143.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.43 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 4.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POWL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Powell Industries to open at $144.21, and during the day (based on 14 day Average True Range), to move between $135.53 and $153.95, which gives a possible trading interval of +/-$9.21 (+/-6.36%) up or down from last closing price. If Powell Industries takes out the full calculated possible swing range there will be an estimated 12.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $143.40 (0.93%) than the resistance at $157.11 (8.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Powell Industries stock A Buy?
The Powell Industries stock holds several negative signals and despite the positive trend, we believe Powell Industries will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.544 Sell Candidate Unchanged
Predicted Opening Price for Powell Industries of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $144.21 ( 0.367%) | $144.74 |
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 | |
|---|---|---|
| R3 | 148.64 | 2.70% |
| R2 | 146.95 | 1.53% |
| R1 | 145.90 | 0.80% |
| Price | 144.74 | |
| S1 | 142.52 | -1.54% |
| S2 | 141.47 | -2.26% |
| S3 | 139.78 | -3.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 179.86 | 24.26% |
| R2 | 170.01 | 17.46% |
| R1 | 157.11 | 8.55% |
| Price | 144.74 | |
| S1 | 143.40 | -0.93% |
| S2 | 142.09 | -1.83% |
| S3 | 130.34 | -9.95% |
POWL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 14, 2024 | Jun 12, 2024 | $0.265 | 0.153% |
| 2 | Feb 13, 2024 | Feb 13, 2024 | Mar 13, 2024 | $0.263 | 0.155% |
| 3 | Oct 31, 2023 | Nov 14, 2023 | Dec 13, 2023 | $0.260 | 0.296% |
| 4 | Aug 01, 2023 | Aug 15, 2023 | Sep 20, 2023 | $0.263 | 0.332% |
| 5 | May 02, 2023 | May 16, 2023 | Jun 14, 2023 | $0.263 | 0.455% |
FAQ
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