MRC Global's 15min chart displays RSI Oversold and Bullish Marubozu.

MRC Global's 15-minute chart has triggered an oversold RSI reading and a bullish Marubozu candle at 08/18/2025 09:45. This indicates that the stock price has experienced a rapid decline and has fallen below its fundamental support level. However, the presence of a bullish Marubozu candle suggests that buyers are taking control of the market and that the momentum is likely to continue in a positive direction.

DistributionNOW (DNOW) has seen a significant decline in its stock price, as indicated by an oversold RSI reading and a bullish Marubozu candle on its 15-minute chart as of 08/18/2025 09:45 [1]. This technical indicator suggests that the stock has fallen below its fundamental support level, but the presence of a bullish Marubozu candle signals a potential shift in momentum.

The company's second quarter results, released on July 2, 2025, met revenue expectations but faced a negative market reaction despite non-GAAP profit outperformance. Management attributed the quarter’s performance to robust midstream project activity and growing contributions from water management solutions [2]. The company's CEO, David Cherechinsky, highlighted the company's focus on customer orientation, supply chain excellence, and leveraging both organizations’ talent to maintain employee focus during the integration of MRC Global.

Key catalysts for the upcoming quarters include the progression of the MRC Global merger, shifts in end-market mix, particularly the ramp-up of midstream, utility, and industrial revenues, and management's ability to navigate tariff and supply chain challenges [2]. The pace of customer demand recovery and execution on bolt-on acquisitions will also be crucial indicators.

While the stock is currently trading at $14.37, down from $15.22 just before the earnings, the bullish Marubozu candle and oversold RSI reading suggest that buyers are taking control of the market. This could indicate a potential upswing in the stock price. However, investors should closely monitor the company's ability to execute on the MRC Global merger and manage sector headwinds such as tariffs and customer spending patterns.

References:
[1] https://finance.yahoo.com/news/top-5-analyst-questions-distributionnow-053516549.html
[2] https://finance.yahoo.com/news/dnow-q2-deep-dive-midstream-071951553.html