nLIGHT Inc

LASR is entrenched in a Stage 3 distribution regime with broken higher highs/lows and repeated failures to reclaim the 9/21 EMA zone below a flattening 50 DMA. A Bearish Exhaustion pattern hints at a short-term bottoming attempt, but overall price behavior remains choppy and capped, offering no favorable entry for bearish positioning. Medium-term bias stays bearish, so execution should be deferred until a structurally justified rally into resistance or a clear breakdown occurs.

• ↑Q1 revenue $81 M, +55.2% YoY and 11.2% above estimates.
• ↑Non-GAAP net income of $2.9 M signals improving profitability.
• ↓Negative earnings yield raises valuation concerns post-rally.