RES: Ascending Triangle detected on 13 Mar 2026
Overall Score
81
of 100
Strong
Win Probability
74%
High
Reward / Risk
2.2
: 1
$0.13 reward
$-0.06 risk
Current Setup
RPC forms an ascending triangle with structure score of 13.75/15 and overall pattern quality of 81.45/98, indicating solid technical foundation. Price consolidated between 6.15 support and 6.72 resistance over recent consolidation, with current price at 6.57 within striking distance of the resistance level. Volume ratio of 1.41x average confirms institutional participation. Multiple supporting patterns detected including a higher-lows-volume-spike (31.5 quality) and three white soldiers formation (26.25 quality). The 74.39% win probability suggests statistically favorable risk-reward setup.
Stock Context
RPC reported 4Q 2025 net loss of $3.1M (loss per share $0.02) with full-year net income of $32.1M, down 65% year-over-year. However, quarterly revenue was up 26.9% compared to the same quarter last year, driven primarily by the Pintail Completions acquisition in April 2025. For oilfield services companies like RPC, higher oil prices are generally favorable, often encouraging oil producers to increase drilling and production, which drives demand for services. Wall Street Zen downgraded RPC from buy to hold on February 7th, though Susquehanna increased their price target to $6.00 and gave a neutral rating on January 7th. Analyst consensus reflects cautious positioning, with consensus rating of Moderate Sell based on 0 buy, 2 hold, and 1 sell rating.
What to Expect
Breakout above 6.72 resistance would confirm ascending triangle completion with measured move target of 6.90 conservative (per provided data). Volume confirmation critical—pattern shows current relative volume of 1.41x, suggesting institutional accumulation supporting breakout thesis. The setup invalidates decisively below 6.15 key support; breach of this level would suggest triangle pattern failure and potential capitulation move lower. Win probability of 74.39% indicates historical data favors bullish resolution. Expected move to 6.90 target represents approximately 5% upside from current 6.57 price, modest but aligned with consolidation range breakout dynamics.
Risk Factors
Analyst consensus remains skeptical—average 12-month price target of $5.67 implies -13.7% downside from current 6.57, below the conservative breakout target. RPC missed Q4 earnings consensus estimate, reporting $0.04 EPS versus $0.07 expected, signaling execution risk. Current month shows 0 buy ratings, 2 hold ratings, and 2 sell ratings. RSI at 65.18 shows momentum but approaching overbought territory (<70), limiting further enthusiasm. Royce & Associates cut its RPC stake by 56.1% in Q3, indicating institutional exit. Beta of 1.29 means elevated volatility relative to market. Sector regime is bullish, but broader market regime is neutral (-0.17), creating headwind for sustained breakout above resistance.
Sources:
RES - Rpc Inc Latest Stock News & Market Updates
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FinancialContent - Why RPC (RES) Stock Is Trading Up Today
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Why RPC (RES) Stock Is Trading Up Today
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RPC, Inc. (RES) Stock Price, News, Quote & History - Yahoo Finance
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RPC, Inc. $RES Shares Sold by Royce & Associates LP
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RPC, Inc. declares $0.04 quarterly cash dividend | RES Stock News
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LOR INC restructures RPC Inc (NYSE: RES) stake via internal share moves
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RPC (NYSE:RES) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why - Daily Political
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RPC Stock Price Today | NYSE: RES Live - Investing.com
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RES: RPC Inc - Stock Price, Quote and News - CNBC
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RPC Inc (RES) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com
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RES - RPC, Inc. (NYSE) - Share Price and News
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RPC, Inc. Stock Forecast & RES Price Target 2026 from analysts
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RPC (RES) Investor Relations, Earnings Summary & Outlook
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RPC, Inc. Common Stock (RES) Earnings Report Dates & Earnings Forecasts | Nasdaq
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Freedom Capital Markets reiterates Hold rating on RPC stock amid earnings miss By Investing.com
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RPC, Inc.: Target Price Consensus and Analysts Recommendations | RES | US7496601060 | MarketScreener
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RPC, Inc. (RES) Company Profile & Facts - Yahoo Finance
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RPC 2026 Company Profile: Stock Performance & Earnings | PitchBook
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RPC (RES) Stock Forecast: Analyst Ratings, Predictions & Price Target 2026
Market & Sector Regime
Market
Neutral
-0.18
-1.0
0
+1.0
Energy Sector
Bullish
0.60
-1.0
0
+1.0
Other Patterns Detected Today
Bull Flag
47 days in pattern
Moderate
28.8
Flat Base
20 days in pattern
Moderate
29.0
Inverse Head And Shoulders
37 days in pattern
Moderate
28.0
Rounding Bottom
180 days in pattern
Weak
25.3
Three White Soldiers
3 days in pattern
Moderate
26.3
Higher Lows Volume Spike
23 days in pattern
Good
31.5
Overall Score
38
of 40
Pattern Quality
16
of 20
Setup
13
of 20
R/R
15
of 18
Context
Pattern Quality Score
14
of 15
Structure
12
of 13
Breakout
12
of 12
Volume
Recent Performance
Momentum & Trend
RSI (14)
65.2
Neutral
MACD Histogram
+0.05
Bullish
Bollinger Band Position
109.7%
Upper Band
Volatility & Risk
20-Day Volatility
0.34
Moderate
ATR %
4.1%
Medium
Beta
1.29
Above Mkt
Volume Analysis
Volume Ratio
1.41x
Above Avg
20-Day Avg Vol
2.5M
shares / day
Current Volume
3.5M
shares traded
Price Levels
Target
$6.90
52W High
$6.80
Resistance
$6.72
Current
$6.57
Support
$6.15
Stop Loss
$5.98
52W Low
$3.97
Disclaimer: This analysis is algorithmically generated for educational purposes only and does not constitute financial advice. Past pattern performance does not guarantee future results. Win probabilities are based on historical data across 370,000+ observations. Always conduct your own research and consult a qualified financial advisor. AI-assisted contextual analysis by Claude (Anthropic). Indicators reflect values at time of detection.