Tennant Co

The asset is in a Stage 2 advancing regime with price above the rising 50-day moving average, but exhibiting a corrective Post-Parabola Collapse. Medium-term bias remains bullish despite moderate Stage Transition Risk, permitting long-side engagement. Short-term timing is neutral, so execution should be deferred, stalking for a pullback into the converged 9/21 EMA zone or 50 DMA. Acceptance in these areas would favor initiating a buy.

• ↑10% YoY orders growth to $327M with $109M backlog shows strong demand
• ↑85% YoY AMR revenue jump to $27M highlights robotics market traction
• ↓ERP implementation reduced Q1 net sales by ~$23M and cost $30M in disruption