Forum Energy Technologies Inc

FET is in a Stage 3 corrective phase within its long-term uptrend, pulling back into the confluence of the rising 9-EMA, 20-EMA, and 50-DMA. No active bearish patterns are present, and oversold conditions on RSI and options support a tactical mean-reversion entry. A Buy Now posture on this pullback into the EMA/50-DMA support zone aligns with a resumption of the broader uptrend.

• ↑Q1 2026 revenue $209M (+8% YoY); net income $6M (+300% YoY).
• ↑Backlog grew 44% YoY to highest level since 2015, underpinning future revenue.
• ↓Margins under pressure; weak profitability may hinder sustainable earnings.