Hammer chart pattern (as an analysis tool for the stock)
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Tvardi (TVRD) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-11-18 15:55
Core Viewpoint - Shares of Tvardi Therapeutics (TVRD) have recently declined by 10.6% over the past two weeks, but the formation of 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 potential bottoming out, characterized by a small candle body with a long lower wick, suggesting that bears may be losing control [4][5]. - This pattern typically forms during a downtrend when the stock opens lower, makes a new low, but then closes near or above the opening price, indicating buying interest [4][5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for TVRD, with the consensus EPS estimate increasing by 20.9% over the last 30 days, indicating analysts' optimism about the company's future earnings [7][8]. - The Zacks Rank for TVRD is currently 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9][10]. Conclusion - The combination of the hammer chart pattern and positive earnings revisions enhances the prospects for a trend reversal in TVRD shares, supported by a favorable Zacks Rank [1][2][10].