Down -10.99% in 4 Weeks, Here's Why StoneX Group (SNEX) Looks Ripe for a Turnaround

Group 1 - StoneX Group Inc. (SNEX) has experienced significant selling pressure, resulting in an 11% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by a Relative Strength Index (RSI) reading of 26.74, suggesting a potential trend reversal is imminent [4] - Over the last 30 days, the consensus EPS estimate for SNEX has increased by 7.9%, indicating a positive shift in earnings expectations among sell-side analysts [5] Group 2 - The upward trend in earnings estimate revisions typically correlates with price appreciation in the near term, supporting the case for a potential rebound in SNEX's stock price [5] - SNEX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, further indicating a strong potential for turnaround [5]