Tennant Co

The asset remains in a Stage 2 advancing regime, sustaining a secular uptrend while undergoing a corrective reset around the converged 9/21 EMAs and above the rising 50 DMA. Medium-term bias stays bullish, permitting long-side engagement, but short-term timing lacks a clear edge. Execution should be deferred (stalk) for a pullback into the EMA zone or 50-day MA and confirmed acceptance before 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