Constellation Energy Corporation (CEG) Loses -16.75% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - Constellation Energy Corporation (CEG) has experienced a significant downtrend, with a 16.8% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1][2]. Group 1: Stock Performance - CEG's stock has declined 16.8% over the past four weeks, indicating strong selling pressure [1]. - The stock is currently in oversold territory, with an RSI reading of 25.76, suggesting that the heavy selling may be exhausting itself [2][3]. Group 2: Analyst Expectations - There is strong consensus among sell-side analysts that CEG will report better earnings than previously predicted, with the consensus EPS estimate increasing by 0.6% over the last 30 days [3]. - CEG 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 favorable outlook for a potential turnaround [3].