RIG Should I Buy
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Not a good buy right now. RIG is extended short-term (RSI ~77) and trading just below a key resistance zone (R1 ~5.07) with momentum starting to cool (MACD histogram still positive but contracting). With most Street targets clustered around $4.50–$5.00 and earnings (Feb 19) approaching, upside from here looks limited versus pullback risk. If you’re trying to enter immediately without waiting for a better setup, this is a “hold/avoid new buys” today rather than a buy.
Trend is bullish but stretched. Moving averages are stacked positively (SMA_5 > SMA_20 > SMA_200), confirming an uptrend. However, RSI_6 at ~77 signals an overbought/late-stage push. MACD histogram is above zero (bullish) but positively contracting, suggesting upside momentum is fading. Key levels: Pivot ~4.683 (near-term trend support), Resistance R1 ~5.072 then R2 ~5.313; Support S1 ~4.293 then S2 ~4.052. With price ~4.95, the stock is closer to resistance than support, skewing the immediate risk/reward to the downside. Pattern-based stats also imply limited near-term edge (+0.9% next week) but a weaker 1-month bias (-2.45%).
Intellectia Proprietary Trading Signals
can act as a volatility catalyst if results/guide surprise positively.
and sitting near resistance (R1 ~5.07), with momentum cooling (MACD histogram contracting).
Latest quarter provided: 2025/Q3. Revenue grew to $1.028B (+8.44% YoY) and gross margin improved to ~27.53% (+33.84% YoY), which is a clear operational positive. However, profitability remains very weak: net income was -$1.923B and EPS was -2 (still a substantial loss). Overall: improving top-line and margins, but the company is not yet demonstrating sustainable earnings power based on this snapshot.
Recent analyst trend is mixed-to-slightly improved on price targets but not a clear bullish consensus. Targets have been nudged up (Citi to $4.50, Susquehanna to $5, Barclays to $4.50) reflecting better tone on contracting/outlook, but Morgan Stanley initiated at Equal Weight ($4.50) and JPMorgan downgraded to Underweight. Wall Street pros: improving offshore cycle expectations and contract signings/margin trajectory. Cons: macro/oil uncertainty, sector spending headwinds, and valuation/upside now less compelling after the rally. Net: mixed ratings with targets near the current price, implying limited immediate upside.
