Powell Industries Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Powell Industries stock price on Thursday moving between $154.84 and $174.01
(Updated on May 02, 2024)
The Powell Industries stock price fell by -5.55% on the last day (Thursday, 2nd May 2024) from $170.01 to $160.58. During the last trading day the stock fluctuated 12.38% from a day low at $154.84 to a day high of $174.01. The price has risen in 7 of the last 10 days and is up by 25.32% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -604 thousand shares and in total, 486 thousand shares were bought and sold for approximately $78.07 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.21% during the next 3 months and, with a 90% probability hold a price between $109.20 and $156.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $152.52 and $140.83. 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). 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 Wednesday, May 01, 2024, and so far it has fallen -5.55%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Powell Industries stock
Powell Industries finds support from accumulated volume at $154.27 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 $19.17 between high and low, or 12.38%. For the last week, the stock has had daily average volatility of 8.54%.
Our recommended stop-loss: $151.65 (-5.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (POWL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Powell Industries to open at $163.14, and during the day (based on 14 day Average True Range), to move between $150.20 and $170.96, which gives a possible trading interval of +/-$10.38 (+/-6.46%) up or down from last closing price. If Powell Industries takes out the full calculated possible swing range there will be an estimated 12.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $160.86 (0.17%) than the support at $154.27 (3.93%), 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.
Is Powell Industries stock A Buy?
Powell Industries holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.829 Hold/Accumulate Downgraded
Predicted Opening Price for Powell Industries of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $163.14 ( 1.60%) | $160.58 |
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 | 182.31 | 13.54 % | |
| R2 | 174.99 | 8.97 % | ||
| R1 | 170.47 | 6.16 % | ||
| Current price: | 160.58 | |||
| Support | S1 | 155.82 | -2.97 % | |
| S2 | 151.29 | -5.78 % | ||
| S3 | 143.97 | -10.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 170.01 | 5.87 % | |
| R2 | 166.16 | 3.47 % | ||
| R1 | 160.86 | 0.174 % | ||
| Current price | 160.58 | |||
| Support | S1 | 154.27 | -3.93% | |
| S2 | 149.23 | -7.07% | ||
| S3 | 138.17 | -13.96% |
POWL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 14, 2024 | Jun 12, 2024 | $0.265 | 0.165% |
| 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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