Down -11.49% in 4 Weeks, Here's Why Tennant (TNC) Looks Ripe for a Turnaround

Group 1 - Tennant (TNC) has experienced significant selling pressure, resulting in an 11.5% decline in stock price over the past four weeks, but it is now considered oversold with potential for better earnings than previously predicted [1] - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with a reading below 30 typically indicating oversold conditions [2][3] - TNC's current RSI reading is 22.54, suggesting that the heavy selling may be exhausting itself and a trend reversal could occur soon [5] Group 2 - Analysts have raised earnings estimates for TNC, with a 1.9% increase in the consensus EPS estimate over the last 30 days, indicating potential price appreciation in the near term [6] - TNC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7]