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Ekso Bionics (EKSO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
ZACKSยท 2025-08-13 14:55
Core Viewpoint - Ekso Bionics (EKSO) has experienced a downtrend, losing 10.1% 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 could lead to a bullish trend 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 effectiveness of the hammer pattern is enhanced when used alongside other bullish indicators, as its strength depends on its placement on the chart [6]. Fundamental Analysis - There has been a significant upward trend in earnings estimate revisions for EKSO, which is a bullish indicator, as these revisions are strongly correlated with near-term stock price movements [7]. - The consensus EPS estimate for the current year has increased by 77% over the last 30 days, indicating strong agreement among analysts regarding EKSO's potential for better earnings [8]. - EKSO 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].