Down -6.55% in 4 Weeks, Here's Why Aflac (AFL) Looks Ripe for a Turnaround

Core Viewpoint - Aflac (AFL) is experiencing significant selling pressure, with a 6.6% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by analyst consensus for better-than-expected earnings [1]. Group 1: Stock Performance and Indicators - Aflac's stock has declined 6.6% in the last four weeks, indicating significant selling pressure [1]. - The stock is currently in oversold territory, as indicated by its Relative Strength Index (RSI) reading of 30, suggesting a potential for trend reversal [3]. - The RSI is a momentum oscillator that helps identify oversold conditions, typically when the reading falls below 30 [2]. Group 2: Analyst Consensus and Earnings Estimates - There is strong agreement among Wall Street analysts that Aflac will report better earnings than previously predicted, with a 3.5% increase in the consensus EPS estimate over the last 30 days [3]. - Aflac 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 price appreciation [3].