RGC Resources Inc

RGCO remains in a Stage 2 advancing phase with rising EMAs and a clear sequence of higher highs and lows. However, price is currently extended, overbought, and near prior resistance, suggesting caution on fresh entries. The medium-term bias is bullish, but execution should await pullbacks into the rising EMA zone or the former resistance-turned-support area. Key risks include a failure to absorb pullbacks or a reversal at overhead resistance, which would invalidate this stance.

• ↑Net income $8.7M in Q2 (+14% YoY); EPS $0.84 (+14%)
• ↑$22M capex planned for 2026 to boost infrastructure and reliability
• ↓One top-five customer idled operations, creating volume vulnerability