SPX Technologies 15min chart shows KDJ Golden Cross, bullish Marubozu pattern.

The 15-minute chart for SPX Technologies has recently triggered a bullish technical indicator, the KDJ Golden Cross, accompanied by a Bullish Marubozu candlestick pattern on August 20, 2025 at 15:15. This suggests that the momentum of the stock price is shifting towards the upside, potentially leading to further increases in value. As buyers continue to control the market, the bullish momentum is likely to persist.

SPX Technologies (NYSE:SPXC) has recently experienced a notable shift in its stock price momentum, with a bullish technical indicator and candlestick pattern suggesting a potential upward trend. On August 20, 2025, at 15:15, the 15-minute chart triggered the KDJ Golden Cross, accompanied by a Bullish Marubozu candlestick pattern. This combination of indicators signals a shift in momentum towards the upside, potentially leading to further increases in the stock's value.

The KDJ Golden Cross, a technical indicator used to identify trend changes, indicates that the stock price is moving upwards. The Bullish Marubozu candlestick pattern, characterized by a long body with no upper or lower wicks, signifies strong buying pressure and a potential continuation of the upward trend. These indicators suggest that buyers are controlling the market, and the bullish momentum is likely to persist.

SPX Technologies has been on a transformative journey since its divestment from SPX Corp. a decade ago. The company has undergone significant acquisitions, resulting in a more focused, technology-enabled, and profitable business. In 2023, the company reported revenues of $1.8 billion, a figure that initially seems disappointing but reflects a more profitable business structure. The company's focus on HVAC and detection & measurement activities has positioned it to cater to promising industries such as semiconductors and datacenters.

Recent financial reports indicate strong performance. In February 2025, SPX Technologies reported a 14% increase in 2024 sales to $1.98 billion, with adjusted operating profits of $395 million and earnings of $5.58 per share. The company's acquisition of Kranze Technology Solutions in early 2025 and Sigma Heating and Cooling in April 2025 have further bolstered its sales and profitability. The company's full-year sales guidance was hiked to $2.23 billion, with adjusted earnings seen between $6.00 and $6.25 per share.

Despite the strong momentum, investors should exercise caution. The company's shares have commanded premium valuations, trading around 25 times forward earnings in February 2025. By the end of July 2025, shares traded at earnings multiples in the mid-twenties, despite an uncertain economic environment. The recent share offering, which raised $500 million, has reduced net debt and diluted shares, but it has also allowed the company to forfeit interest expenses.

In conclusion, the bullish technical indicators and recent financial performance suggest that SPX Technologies is well-positioned for further upside momentum. However, investors should remain cautious given the rich valuation of the shares. The company's strategic acquisitions and focus on technology-enabled solutions have positioned it for growth, but the high valuation and modest organic growth achievements warrant a balanced perspective.

References:
[1] https://seekingalpha.com/article/4813970-spx-technologies-near-term-top-might-have-been-set