Charles Schwab(SCHW) ZACKS·2025-01-15 15:55Stock Performance and Technical Analysis - Shares of The Charles Schwab Corporation (SCHW) have lost 5.8% over the past four weeks [1] - A hammer chart pattern formed in the last trading session, indicating potential support and a trend reversal [1] - The hammer pattern suggests that selling pressure may be exhausted and bulls are gaining control [2][4] - The hammer pattern is characterized by a small candle body and a long lower wick, signaling potential trend reversal during a downtrend [3][4] - The hammer pattern should be used in conjunction with other bullish indicators for confirmation [5] Fundamental Analysis and Earnings Revisions - There has been an upward trend in earnings estimate revisions for SCHW, a bullish fundamental indicator [6] - The consensus EPS estimate for the current year has increased by 2.8% over the last 30 days [7] - SCHW currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks [8] - Stocks with a Zacks Rank 1 or 2 typically outperform the market, indicating strong potential for SCHW [8] - The Zacks Rank serves as a timing indicator, suggesting improving prospects for SCHW [8]