Oceaneering International Inc

OII remains in a Stage 2 advancing trend with well‐defined higher highs and higher lows above rising EMAs and the 50-day SMA. The recent shallow pullback has held at the 9/21 EMAs, providing a disciplined entry zone aligned with our Momentum + EPS strategy. With a bullish medium-term bias intact and short-term timing now favorable, we recommend initiating a position on this pullback. Key risks include extreme overbought conditions and potential for a deeper retracement below the EMAs.

• ↑Q1 2026 revenue $692M (+3% YoY) and EBITDA $83.7M met guidance
• ↑$1B order intake (highest since 2020) underpins growth momentum
• ↓Q1 FCF -$76.5M and net income down 28% weaken cash cushion