Down -8.54% in 4 Weeks, Here's Why You Should You Buy the Dip in Alcoa (AA)

Group 1 - Alcoa (AA) has experienced an 8.5% decline over the past four weeks, indicating significant selling pressure, but it is now in oversold territory, suggesting a potential trend reversal [1] - Wall Street analysts have strong consensus that Alcoa will report better earnings than previously predicted, with a notable increase in earnings estimates [1][3] - The Relative Strength Index (RSI) for Alcoa is at 29.93, indicating that the heavy selling may be exhausting, which could lead to a price rebound [2][3] Group 2 - There has been a 521.2% increase in the consensus EPS estimate for Alcoa over the last 30 days, driven by a strong agreement among sell-side analysts [3] - Alcoa holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [3]