Hammer Chart Pattern
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HomeTrust Bancshares (HTB) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-08-04 14:56
Core Viewpoint - HomeTrust Bancshares (HTB) has experienced a bearish trend recently, losing 6.3% 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 could lead to a bullish trend for HTB [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 and is utilized by both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for HTB, which is a bullish indicator suggesting potential price appreciation [7]. - The consensus EPS estimate for HTB has increased by 7.9% over the last 30 days, indicating strong agreement among analysts regarding improved earnings potential [8]. - HTB currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10].
Here's Why Lennox (LII) Is a Great 'Buy the Bottom' Stock Now
ZACKS· 2025-08-04 14:56
Core Viewpoint - Lennox International (LII) has shown a recent downtrend, losing 8.3% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with reduced selling pressure, suggesting that bulls may be regaining control [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that the stock opened lower, made a new low, but closed near or above the opening price, reflecting buying interest [4][5]. - The effectiveness of the hammer pattern is enhanced when used alongside other bullish indicators, as its strength is dependent on its placement on the chart [6]. Fundamental Analysis - There has been a notable upward trend in earnings estimate revisions for LII, which is a bullish indicator correlated with stock price movements [7]. - The consensus EPS estimate for LII has increased by 5.2% over the last 30 days, indicating strong agreement among analysts regarding the company's potential for better earnings [8]. - LII 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].
Here's Why NetEase (NTES) Could be Great Choice for a Bottom Fisher
ZACKS· 2025-08-04 14:56
Core Viewpoint - NetEase (NTES) has shown a downtrend recently, losing 6% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottom in the stock price, suggesting that selling pressure may be exhausting [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that the stock opened lower, made a new low, but closed near its opening price, reflecting some buying interest [4][5]. - This pattern is significant when it occurs at the bottom of a downtrend, signaling that bears may be losing control [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for NTES, 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 0.3%, indicating that analysts expect better earnings than previously predicted [8]. - NTES 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].
Bears are Losing Control Over Stock Yards (SYBT), Here's Why It's a 'Buy' Now
ZACKS· 2025-08-04 14:56
Core Viewpoint - Stock Yards Bancorp (SYBT) has experienced a bearish trend recently, losing 6.3% 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 occur across various timeframes, making it relevant for both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for SYBT, with a 4.2% increase in the consensus EPS estimate over the last 30 days, indicating that analysts expect better earnings than previously predicted [7][8]. - The company currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10]. - The Zacks Rank serves as a strong timing indicator for identifying improvements in a company's prospects, further supporting the case for a potential trend reversal for SYBT [10].
Bears are Losing Control Over Wolters Kluwer (WTKWY), Here's Why It's a 'Buy' Now
ZACKS· 2025-08-04 14:56
Shares of Wolters Kluwer NV (WTKWY) have been struggling lately and have lost 5.4% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish ...
Here's Why WSFS (WSFS) Could be Great Choice for a Bottom Fisher
ZACKS· 2025-08-04 14:56
Core Viewpoint - WSFS Financial (WSFS) has experienced a decline of 7.6% over the past two weeks, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottom, with reduced selling pressure, and is a bullish signal for the stock [2][5]. - This pattern occurs during a downtrend when the stock opens lower, makes a new low, but then finds support and closes near its opening price, suggesting that bears may be losing control [4][5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for WSFS, which is a bullish indicator as it typically leads to price appreciation [7]. - The consensus EPS estimate for WSFS has increased by 2.5% over the last 30 days, indicating strong agreement among analysts regarding the company's improved earnings potential [8]. Zacks Rank - WSFS 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]. - A Zacks Rank of 2 is a strong indicator of a potential trend reversal, as it reflects improving company prospects [10].
Synovus (SNV) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-08-04 14:56
Core Viewpoint - Synovus Financial (SNV) shares have recently declined by 6.2% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick suggesting that selling pressure may be exhausting [4][5]. - This pattern typically forms during a downtrend, where the stock opens lower, makes a new low, but then closes near or above the opening price, indicating a potential shift in control from bears to bulls [4][5]. Fundamental Indicators - There is rising optimism among Wall Street analysts regarding SNV's future earnings, which supports the potential for a trend reversal [2][7]. - Over the last 30 days, the consensus EPS estimate for SNV has increased by 6.7%, indicating that analysts expect better earnings than previously predicted [8]. - SNV 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].
Bears are Losing Control Over United Bankshares (UBSI), Here's Why It's a 'Buy' Now
ZACKS· 2025-08-04 14:56
Core Viewpoint - United Bankshares (UBSI) has experienced a decline of 6.1% over the past two weeks, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottoming out, with reduced selling pressure, which could lead to a bullish trend for UBSI [2][5]. - A hammer pattern typically forms during a downtrend, where the stock opens lower, makes a new low, but then closes near or above the opening price, indicating buying interest [4][5]. - The effectiveness of the hammer pattern is contingent on its placement on the chart and should be used alongside other bullish indicators [6]. Fundamental Analysis - There is a strong consensus among Wall Street analysts to raise earnings estimates for UBSI, enhancing its prospects for a trend reversal [2][7]. - Over the last 30 days, the consensus EPS estimate for UBSI has increased by 4.9%, indicating analysts expect better earnings than previously predicted [8]. - UBSI 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].
Bears are Losing Control Over Futu Holdings (FUTU), Here's Why It's a 'Buy' Now
ZACKS· 2025-08-01 14:56
Core Viewpoint - Futu Holdings Limited (FUTU) has experienced a recent downtrend, losing 7.9% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which is a bullish signal for the stock [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, suggesting that despite a downtrend, buyers are starting to emerge [4][5]. - The occurrence of this pattern at the bottom of a downtrend signals that bears may be losing control, indicating a potential trend reversal [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for FUTU, which is a bullish indicator, as it typically leads to price appreciation [7]. - The consensus EPS estimate for the current year has increased by 0.5% over the last 30 days, reflecting analysts' agreement on the company's potential for better earnings [8]. - FUTU holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which historically indicates strong market outperformance [9][10].
Pan American Silver (PAAS) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-07-30 14:55
Core Viewpoint - Pan American Silver (PAAS) has experienced a decline of 5.9% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick, suggesting that the stock may have found support after a downtrend [4][5]. - This pattern signals that bears might be losing control, and the emergence of buying interest could lead to a trend reversal [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for PAAS, which is a bullish indicator suggesting potential price appreciation [7]. - The consensus EPS estimate for the current year has increased by 15.5% over the last 30 days, indicating that analysts expect better earnings than previously predicted [8]. - PAAS holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10].