Down -28.87% in 4 Weeks, Here's Why GigaCloud Technology Inc. (GCT) Looks Ripe for a Turnaround

Core Viewpoint - GigaCloud Technology Inc. (GCT) has experienced a significant decline of 28.9% in its stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that indicates whether a stock is oversold, with readings below 30 typically signaling this condition [2]. - GCT's current RSI reading is 27.9, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound [3]. Group 2: Fundamental Indicators - Analysts have raised their earnings estimates for GCT by 4.9% over the last 30 days, suggesting a positive trend that often correlates with price appreciation [6]. - GCT 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 [6].