Alico Inc

ALCO is in Stage 3 distribution with a bearish medium-term bias. Price has failed to make new highs and remains below flat-to-declining 9/21 EMAs acting as resistance. Volume and relative strength weakness confirm distribution pressure. Short-term timing is neutral as price tracks flat EMAs without clear momentum; trimming into resistance zones near the 9/21 EMA cluster is prudent while awaiting a decisive breakdown.

• ↑Q2 ’26 net income $11.4M vs prior $111.4M loss; adjusted EBITDA $16.9M.
• ↑YTD land sales $34.6M, cash position $52.9M boosts liquidity.
• ↓Q2 ’26 revenue collapsed to $5.3M from $18M, exposing model risk.