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But we saved everything 🙂.
Power Integrations hosted a cookie social to celebrate National Intern Day with its teams yesterday.
The company recognized its interns and expressed pride in supporting the next generation of engineers passionate about power electronics. Power Integrations thanked the interns for their contributions.
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POWI is trading at $61.76, which is below the MA-20 ($68.31) and MA-50 ($75.40), but remains above the MA-200 ($54.21). This MA arrangement confirms sustained short- and medium-term downside pressure, while the long-term trend still holds above major support. The Ichimoku Kijun level on D1 is $71.42, which acts as immediate resistance versus the current price. Near-term support levels are identified at the MA-200 ($54.21) and EMA-200 ($60.46), with the MA-20 ($68.31) and the Ichimoku Kijun ($71.42) serving as near-term and key resistance zones respectively.
Momentum readings show weak conviction: the MACD on D1 signals a sell, while the ADX of 18.30 on D1 points to trend weakness. RSI on D1 at 37.48 and CCI at –137.04 both indicate oversold conditions, while Stoch RSI shows strong buy—yielding a mixed momentum backdrop. Bull/Bear Power (BBP) on D1 signals clear seller dominance with a marked oversold reading. The Awesome Oscillator aligns with the MACD and ADX, confirming the current downside mood. POWI has slipped $1.70 (2.58%) since last week’s close of $63.46, trading now in the upper part of the weekly range; weekly volatility stands at 16.26%. The tone this week is consolidation after testing both lows and highs, with some recovery from the week’s bottom. In today’s session, a rebound of 1.45% is under way after a soft open.
For the next week, the expected trading range is adjusted to $58.50–$64.50, representing a realistic fluctuation around the current price and consistent with the 16% historical weekly volatility. This keeps the price well off the 52-week low ($30.86) but distant from the yearly high ($91.18). The probability of an increase in price is moderate (50%), since two out of four key W1 indicators (MA-50-W1 and ADX-W1) give bullish signals, while the other two (MACD-W1 and RSI-W1) are split. Thus, the probability of a decline is equally moderate, making a sideways scenario most likely. Baseline: price action remains range-bound between $58.50 and $64.50 as buyers and sellers balance out. Bullish scenario: a close above $64.50 would target resistance around the Ichimoku Kijun near $71.42. Bearish scenario: a sustained move below $58.50 exposes the $54.21 MA-200 support as the next test.
Previously it was reported that Power Integrations was experiencing persistent bearish momentum with little indication of an imminent recovery. With current sentiment and technical signals still mixed, investors should pay close attention to any developments that could signal a shift away from the prevailing sideways scenario.