POWL Technical Analysis - POWELL INDUSTRIES INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to POWL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, POWL is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

POWL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so POWL is lagging the market slightly.

In the last month POWL has a been trading in the 276.89 - 341.76 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that POWL is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.

POWL is part of the Electrical Equipment industry. There are 93 other stocks in this industry, POWL did better than 63% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

POWELL INDUSTRIES INC / POWL Weekly stock chart

POWELL INDUSTRIES INC / POWL Daily stock chart

Setup Rating and Analysis

POWL has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

183.56

341.70

4 important support areas can be observed.

A support zone ranging from 306.83 to 307.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 297.27 to 301.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @196.09 from a trend line in the weekly time frame.
Support @185.41 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for POWL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for POWL is up.
ChartMill Relative Strength	89.07	POSITIVE	POWL has a high relative strength, it outperformed 89.07% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of POWL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of POWL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of POWL is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.64	NEUTRAL	The RSI value for POWL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.29	POSITIVE	The MACD value suggests POWL has a positive trend.
Stochastics (14,3)	88.12	OVERBOUGHT	The high Stochastics value suggests POWL may be overbought.
Average True Range in percent/ATR (20)	4.61	MEDIUM VOLATILITY	The ATR as a percentage value for POWL suggests some volalility.
Average Directional Index/ADX (14)	25.56	POSITIVE	The high ADX value value for POWL suggests a strong trend.