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Power Integrations announced that Australian mining company Fortescue has deployed two locomotives equipped with the world's largest land-mobile batteries.
The locomotives incorporate Power Integrations' railway-grade gate drivers, which the company says feature high resistance against harsh conditions. Details are based on the company's posted online material.
POWI is trading at $79.33, positioned just above the MA-20 ($78.95), well above the MA-50 ($71.44), and steeply above the MA-200 ($49.54), confirming a strong bullish structure across short-, medium-, and long-term trends. The Ichimoku Kijun on D1 sits at $76.74, now acting as immediate support; near-term support is at MA-20 ($78.95) and Ichimoku ($76.74), with key support at MA-50 ($71.44), while near-term resistance is found at MA-10 ($79.21) then MA-5 ($78.68), and key resistance is at MA-100 ($59.45) (no additional actionable resistance provided by the longer-term MAs within a 30% band).
Momentum signals are mostly bullish on D1, with MACD showing a strong buy and ADX at 27.76 confirming an established, active trend. RSI is neutral-to-bullish at 54, while Stoch RSI (22.61) and CCI (28.82) suggest the asset is neither highly overbought nor deeply oversold. BBP indicates a currently overbought market, hinting at short-term buyer dominance. The Awesome Oscillator supports the upward trend. POWI is trading at $79.33, up from last week’s close at $78.38, reflecting a weekly gain of 1.21%. The price is in the middle of its weekly range, with volatility at 13.22%, indicating a moderately active market. A slight recovery from earlier declines is evident, but in today's session, the price slipped 4.78%, showing pressure from sellers after an early session rally.
For the upcoming week, POWI is expected to trade within the $77.00–$83.00 range, reflecting typical volatility and situated well above its 52-week low ($30.86) and below the 52-week high ($89.00). The probability of further price increases is more than 80%, supported by consistently bullish signals on MA-50-W1, RSI-W1, ADX-W1, and MACD-W1; the probability of a decline is very low. A baseline scenario sees consolidation between $77 and $83. In a bullish case, a breakout above $83 may target the yearly high. A bearish scenario could test support in the mid-$77 range but would likely find buyers ahead of the $75–$76 level.
Previously it was reported that Power Integrations maintained a broadly bullish technical outlook despite short-term volatility and notable selling pressure. This article adds a new dimension by examining the evolving sector drivers influencing the stock, prompting investors to monitor for shifts in momentum that could indicate the next significant trend.