Powell Industries Stock Forecast

Powell Industries stock price up 1.72% on Friday
(Updated on Apr 19, 2024)

POWL Signals & Forecast

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. The Powell Industries stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $144.58. On a fall, the stock will find some support from the short-term average at $127.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -29.64%. 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 $122.91 and $118.53. 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 $122.91. If this is broken, then the next support from accumulated volume will be at $118.53 and $116.00.

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 $5.76 between high and low, or 4.54%. For the last week, the stock has had daily average volatility of 3.94%.

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 Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Powell Industries to open at $129.95, and during the day (based on 14 day Average True Range), to move between $123.83 and $136.85, which gives a possible trading interval of +/-$6.51 (+/-4.99%) up or down from last closing price. If Powell Industries takes out the full calculated possible swing range there will be an estimated 9.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $122.91 (5.70%) than the resistance at $138.17 (6.01%), 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?

Powell Industries holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.669 Sell Candidate Unchanged

Predicted Opening Price for Powell Industries of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.