RPC Inc

RES is entrenched in a Stage 4 downtrend with sequential lower highs and lower lows beneath declining EMAs and major moving averages. Price is extremely oversold but shows no stabilization or meaningful bounce, reinforcing a bearish medium-term bias. Short-term timing is unfavorable for chasing, so execution should be deferred—stalking for rallies into the declining EMA zone (~6.0–6.3) for clear rejection signals before selling.

• ↑Pentail acquisition drove 26% revenue increase to $421M in Q2.
• ↑Less capital-intensive services represent 74% of revenues, reducing downturn risk.
• ↓Q1 revenue fell 1% sequentially to $333M, showing stagnation.