After Plunging -14.42% in 4 Weeks, Here's Why the Trend Might Reverse for Deckers (DECK)

Core Viewpoint - Deckers (DECK) has experienced a significant downtrend, with a stock decline of 14.4% 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 key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2] - DECK's current RSI reading is 27.7, indicating that the heavy selling pressure may be exhausting itself, which could lead to a reversal in the stock's trend [5] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding DECK's earnings estimates, with a 7.8% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [6] - DECK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating a favorable outlook for a near-term turnaround [7]