Powell Industries Inc

POWL remains in a Stage 4 decline, with persistent lower highs and lower lows below all major EMAs. Despite an oversold bounce, price is merely pulling back into declining 9EMA and 20EMA without clear rejection. Bearish medium- and long-term biases remain intact; bearish entries should be deferred until a decisive rejection at the EMA resistance zone.

• ↑Q3 new orders hit $934M; backlog rose to $2.4B (book-to-bill 3.0x)
• ↑Revenue climbed 9% YoY to $312M; net income $52.2M ($1.42/sh)
• ↓Elevated leverage heightens financial risk and limits operational flexibility