Hubbell Inc

HUBB is in a Stage 4 decline, trading below all major EMAs with clear lower highs and lower lows. Medium- and long-term biases remain bearish, and recent price rejection at falling EMAs confirms continued downside momentum. Short-term conditions are favorable for sell-side participation now, with rallies into the 460–466 EMA/resistance zone likely to encounter supply. Absent a reclaim and acceptance above EMAs, further downside is expected.

• ↑Q2 sales rose 15% YOY to $1.712 B on utility and grid modernization projects.
• ↑Upgraded full-year organic sales growth guidance to 16–18% from 8–11%.
• ↓Stock trades above intrinsic value; DCF analysis implies overvaluation.