Core Viewpoint - Outset Medical, Inc. (OM) has shown a downtrend recently, losing 9.9% 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, suggesting that selling pressure may be subsiding, which could lead to a bullish trend for the stock [2][4]. - A hammer pattern forms when there is a small difference between opening and closing prices, with a long lower wick, indicating that the stock has found support after hitting a new low during a downtrend [3][4]. - The effectiveness of the hammer pattern is contingent on its placement on the chart and should be used alongside other bullish indicators for confirmation [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for OM, which is a bullish indicator, as it typically correlates with price appreciation in the near term [6]. - The consensus EPS estimate for the current year has increased by 1% over the last 30 days, reflecting analysts' agreement on the company's potential for better earnings than previously predicted [7]. - OM holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [8].