Tidewater Inc

The stock formed a blow-off top at fresh highs, marked by a tall green session with a pronounced upper wick on high volume followed by bearish rejection. Overbought RSI and failure to sustain gains indicate a high likelihood of pullback. Medium-term bias shifts bearish despite longer-term uptrend, and short-term timing favors selling into the recent resistance zone on clear rejection.

• ↑Q2 2026 revenue $342.3M (+5% QoQ) driven by higher utilization and day rates
• ↑Free cash flow recovered to $64.4M in Q2 (up from $34.4M)
• ↓Geopolitical tensions added $6.8M in Q2 costs, pressuring operating margins