Richardson Electronics Ltd

RELL remains in a Stage 4 markdown with a clear lower-high and lower-low sequence beneath declining EMAs, confirming a medium-term downtrend. Recent bounces into the 9/20 EMA zone have been consistently rejected, favoring immediate sell-side engagement on rallies. While the long-term trend stays intact above the rising 200-day SMA, it does not outweigh the bearish posture across near- and medium-term horizons.

• ↑Q4 FY26 revenue rose 27.6% YoY to $66.2M, highest since Q3 2023
• ↑Operating income improved to $3.9M (vs. $0.6M prior year)
• ↓Negative profitability factors and yield indicate sustained margin pressure