RPC Inc

Price shows bullish exhaustion at recent highs with an overbought RSI, signaling a likely corrective pullback. The medium-term uptrend remains intact under a Stage 2 framework, but short-term timing is unfavorable for fresh entries. The optimal approach is to wait for a healthy retracement into the 50 SMA/200 SMA support zone (~6.05–6.23) and look for pullback acceptance off that area before engaging. A sustained break below 6.05 would invalidate the bullish medium-term structure.

• ↑Q2 revenue reached $461M (+1% QoQ) with adj. EBITDA margin improving 250bps to 14.3%.
• ↑Pentail deal added $99M (23% of revenues), diversifying services and boosting cash flow.
• ↓Profitability under pressure: free cash flow just $4M after $71M CapEx in Q2.