After Plunging -18.82% in 4 Weeks, Here's Why the Trend Might Reverse for Braskem (BAK)

Group 1 - Braskem (BAK) has experienced a significant downtrend, with the stock declining 18.8% over the past four weeks due to excessive selling pressure [1] - The stock is currently in oversold territory, indicated by an RSI reading of 19.14, suggesting that the heavy selling may be exhausting itself and a rebound could occur [4] - Analysts are optimistic about Braskem's earnings potential, with a consensus EPS estimate increase of 27.5% over the last 30 days, indicating a strong agreement among sell-side analysts [5] Group 2 - The upward trend in earnings estimate revisions typically leads to price appreciation in the near term, supporting the case for a potential turnaround for Braskem [5] - Braskem holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, further indicating its potential for recovery [5]