Bears are Losing Control Over Nissan Motor Co. (NSANY), Here's Why It's a 'Buy' Now

Core Viewpoint - Nissan Motor Co. (NSANY) has experienced a bearish trend recently, losing 8.4% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which supports a bullish outlook for the stock [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control and bulls are starting to gain traction [4][5]. - This pattern can appear on various timeframes, making it relevant for both short-term and long-term investors [5]. Fundamental Analysis - There has been a notable upward trend in earnings estimate revisions for NSANY, which is a bullish indicator suggesting potential price appreciation [7]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 13.7%, indicating that analysts expect better earnings than previously predicted [8]. - NSANY currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10].