Acacia Research Corp

ACTG remains in a Stage 4 decline with a medium-term bearish bias reinforced by the Bearish Pivot Point pattern and lower highs under the 50-day SMA. Short-term conditions are neutral, as price holds just below flattening 9/20/50 EMAs without clear momentum. We will look to sell into rebounds toward those EMAs and the 50-day SMA, aiming for rejection-based entries. The long-term uptrend above the 200-day SMA persists, providing structural support but not overriding current downtrend pressures.

• ↑Total Q1 revenue $54.2M, +7% sequential, driven by energy ops.
• ↑Energy segment hit $18.7M in Q1 with ~75% production hedged at $70/bbl.
• ↓Q1 IP revenue down to $0.7M, driven by unpredictable litigation timing.