Waystar Holding Corp

WAY is in a Stage 2 advance with a clear higher-highs/higher-lows structure, and rising short-term EMAs suggest ongoing demand. However, price is extended into 200-day SMA resistance and OB/OS extreme overbought conditions warrant patience. We’ll defer execution and look to stalk pullbacks into the rising 20-day EMA and July pivot zone for higher-probability entries.

• ↑Q2 revenue grew 18% YoY to $320M; subscription sales rose 34% YoY to $176M.
• ↑Adjusted EBITDA margin reached 43% in Q2, with free cash flow of $64M (47% conversion).
• ↓Evolving RCM competition from AI-centric rivals like Epic and Optum threatens market share.