Down -15.66% in 4 Weeks, Here's Why Innoviz Technologies (INVZ) Looks Ripe for a Turnaround

Core Viewpoint - Innoviz Technologies Ltd. (INVZ) has experienced a significant downtrend, with a 15.7% decline over the past four weeks, but is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Stock Performance and Technical Indicators - The stock's Relative Strength Index (RSI) reading is at 26.06, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound [5]. - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential reversal points, making it a useful tool for investors seeking entry opportunities [3]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for INVZ has increased by 14.7%, indicating strong agreement among analysts regarding improved earnings for the current year [6]. - INVZ 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, further supporting the potential for a near-term turnaround [7].