After Plunging -12.62% in 4 Weeks, Here's Why the Trend Might Reverse for RLI Corp. (RLI)

Group 1 - RLI Corp. has experienced a downtrend with a stock decline of 12.6% over the past four weeks, indicating significant selling pressure [1] - The stock is currently in oversold territory, with an RSI reading of 26.68, suggesting that the heavy selling may be exhausting itself and a potential bounce back could occur [5][6] - Wall Street analysts have raised earnings estimates for RLI, with a 0.4% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [6] Group 2 - RLI 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 a turnaround [7]