Reservoir Media Inc

RSVR is trading in a Stage 3 distribution, struggling below recent highs with flattening short EMAs and contracting volume. Medium-term bias is bearish, favoring sell-on-rally engagement into the EMA cluster and horizontal resistance, while short-term timing remains neutral until a clear rejection emerges. The long-term uptrend persists, supported by the rising 200 DMA, but distribution risks signal a potential transition to Stage 4.

• ↑Q1 revenue rose 12% to $41.5m, driven by 35% recorded music growth.
• ↑Adjusted EBITDA climbed 13% to $15.7m, enhancing profitability margins.
• ↓Total debt reached $462.2m, boosting quarterly interest expense to $6.9m.