NuScale Power (SMR) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Group 1 - NuScale Power Corporation (SMR) shares have declined by 29.3% over the past two weeks, but a hammer chart pattern suggests potential support and a trend reversal [1] - The hammer pattern indicates that selling pressure may be exhausting, and the stock could be nearing a bottom, supported by bullish sentiment from Wall Street analysts regarding future earnings [1] - The hammer chart pattern is characterized by a small candle body and a long lower wick, signaling a potential loss of control by bears during a downtrend [1] Group 2 - There has been a positive trend in earnings estimate revisions for SMR, with a 14.1% increase in the consensus EPS estimate for the current year over the last 30 days, indicating bullish sentiment among analysts [2] - SMR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [2] - The Zacks Rank serves as a timing indicator, suggesting that the company's prospects are improving, further supporting the likelihood of a trend reversal [2]