Energy Services: RSI Oversold, KDJ Golden Cross on 15min Chart

According to the 15-minute chart for Energy Services, the RSI indicator has indicated oversold conditions, and the KDJ indicator has recently triggered a golden cross, occurring at 08:00 on August 21, 2025. This suggests that the stock price has dropped precipitously and is currently below its fundamental support level. Notably, the momentum of the stock price is shifting towards an upward trajectory, indicating a potential increase in value.

Energy Services' 15-minute chart has triggered an RSI oversold reading and a KDJ Golden Cross at 08:00 on August 21, 2025. This suggests that the stock price has dropped precipitously and is currently below its fundamental support level. The momentum of the stock price is shifting towards an upward trajectory, indicating a potential increase in value.

The RSI (Relative Strength Index) reading, which was oversold, indicates that the stock has experienced a rapid decline and may be poised for a rebound. The KDJ (Keltner Channels) Golden Cross, where the K line crosses above the D line, suggests a shift in momentum towards the upside. This combination of technical indicators can signal a change in market sentiment and a potential reversal in the stock's price trend.

National Energy Services Reunited (NESR), a leading provider of energy services, has recently experienced a significant shift in its stock price momentum. On August 21, 2025, at 08:00, the 15-minute chart of National Energy Services displayed an RSI oversold reading and a KDJ Golden Cross, indicating a potential transition from a downtrend to an uptrend. This momentum shift suggests that the stock price has declined rapidly and is currently supported by fundamental factors, with the potential for further upward movement.

The most recent earnings report for National Energy Services showed mixed results. The company reported a revenue of $327.37 million, exceeding expectations of $324.97 million. However, adjusted for one-time property gain and foreign exchange benefits, the company reported a net loss of $0.10 per share [1]. Despite the revenue beat, the quarter exposed persistent margin pressure and underlying challenges, such as tariff-driven price increases and a "buyer strike" in the valve import sector. However, strategic supply chain moves and cost-saving initiatives helped offset some cost inflation.

The technical indicators, such as the RSI oversold reading and KDJ Golden Cross, triggered on August 21, 2025, suggest a shift in momentum towards an uptrend. This could potentially lead to further increases in the stock's value. Additionally, the company's financial health was boosted by adjusted EBITDA of $70.6 million (up 95 basis points sequentially) and free cash flow of $68.7 million. The quarter marks the eighth straight positive quarter, and the company raised its 2025 free cash flow guidance to $60-$80 million, expecting adjusted EBITDA of $85 million.

Investors should closely monitor the upcoming earnings report and the company's strategic initiatives, such as its transformation into an AI-first work platform and the potential for new enterprise demand and higher-value digital services. While the stock's recent performance has been mixed, the technical indicators and strong financial fundamentals suggest that there may be potential for further upward movement.

References:
[1] https://www.fxstreet.com/news/national-energy-services-reunited-nesr-q2-earnings-and-revenues-surpass-estimates-202508201305